First Merchants (FRME) tech chief unloads 4,080 shares
Rhea-AI Filing Summary
FIRST MERCHANTS CORP (FRME) officer Stephan Fluhler, Chief Information Officer and Senior Vice President, reported selling 4,080 shares of common stock on 2026-08-19 at $43.20 per share in an open-market or private transaction. After this sale, he held 21,693.717 shares directly, which includes Restricted Stock Awards totaling 15,567.651 shares, and 3,772.608 shares indirectly through a 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,080 shares
Net Sell
2 txns
Insider
FLUHLER STEPHAN
Role
Chief Information Officer
Sold
4,080 shs ($176K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 4,080 | $43.20 | $176K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 21,693.717 shares (Direct);
Common Stock — 3,772.608 shares (Indirect, 401(k) Plan)
Footnotes (1)
- F1. Includes Restricted Stock Awards totaling 15,567.651 shares
Key Figures
Shares sold: 4,080 shares
Sale price per share: $43.20 per share
Direct holdings after transaction: 21,693.717 shares
+2 more
5 metrics
Shares sold
4,080 shares
Common Stock sale on 2026-08-19
Sale price per share
$43.20 per share
Price for 4,080-share sale of Common Stock
Direct holdings after transaction
21,693.717 shares
Direct Common Stock ownership following 2026-08-19 sale
Restricted Stock Awards included in direct holdings
15,567.651 shares
Restricted Stock Awards included in post-transaction direct position
Indirect holdings (401(k) Plan)
3,772.608 shares
Indirect Common Stock ownership through 401(k) Plan as of 2026-08-19
Key Terms
Restricted Stock Awards, 401(k) Plan, Common Stock, Rule 10b5-1
4 terms
Restricted Stock Awards financial
"Includes Restricted Stock Awards totaling 15,567.651 shares"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
401(k) Plan financial
"Indirect ownership of 3,772.608 shares through a 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Common Stock financial
"Sale of 4,080 shares of Common Stock at $43.20 per share"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Rule 10b5-1 regulatory
"The Rule 10b5-1 checkbox is not affirmed for this transaction"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did FRME executive Stephan Fluhler report?
Stephan Fluhler reported a sale of 4,080 shares of FIRST MERCHANTS CORP common stock on 2026-08-19 at a price of $43.20 per share in an open-market or private transaction.
Was the FRME insider sale by Stephan Fluhler under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmed (aff_10b5_one is false), and there is no footnote stating that the 4,080-share sale was made under a Rule 10b5-1 trading plan.
What type of security did Stephan Fluhler trade in this FRME Form 4?
The reported transaction involves Common Stock of FIRST MERCHANTS CORP. The Form 4 also notes that his post-transaction direct holdings include Restricted Stock Awards totaling 15,567.651 shares as part of those common stock holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
