At what price was the 584-share award to the FRME director recorded?

The 584-share award to the FIRST MERCHANTS CORP director was recorded at $38.73 per share. This figure reflects the reference price used in the filing and helps indicate the notional value of the compensation grant on the transaction date.

Director at First Merchants (NASDAQ: FRME) receives 584-share grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

KELLOGG CLARK C reported acquisition or exercise transactions in this Form 4 filing.

FIRST MERCHANTS CORP director Clark C. Kellogg received an equity award of 584 shares of Common Stock. The shares were granted at a reference price of $38.73 per share as a compensation-related award, not an open-market purchase or sale.

Following this grant, Kellogg directly holds a total of 15,271.382 Common Stock shares, which includes Restricted Stock Awards totaling 7,671 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KELLOGG CLARK C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	584	$38.73	$23K

Holdings After Transaction: Common Stock — 15,271.382 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 584 shares Grant reference price: $38.73 per share Total shares after transaction: 15,271.382 shares +1 more

4 metrics

Shares granted 584 shares Common Stock grant coded as award on March 31, 2026

Grant reference price $38.73 per share Price per share reported for the 584-share award

Total shares after transaction 15,271.382 shares Director’s direct Common Stock holdings following the grant

Restricted Stock Awards included 7,671 shares Portion of holdings identified as Restricted Stock Awards

Key Terms

Form 4, Restricted Stock Awards, Common Stock

3 terms

Form 4 regulatory

"The insider transaction is disclosed in a Form 4 filing."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Restricted Stock Awards financial

"Includes Restricted Stock Awards totaling 7,671 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.

Common Stock financial

"Clark C. Kellogg received an equity award of 584 shares of Common Stock."

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.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 06:16 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KELLOGG CLARK C

(Last)

(First)

(Middle)

200 EAST JACKSON STREET

(Street)

MUNCIE

INDIANA

47305

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST MERCHANTS CORP [ FRME ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/31/2026		A		584	A	$38.73	15,271.382⁽¹⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes Restricted Stock Awards totaling 7,671 shares

Remarks:

	Paul Cento (Confirming Statement on File)	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FRME director Clark C. Kellogg report?

Clark C. Kellogg reported receiving an award of 584 shares of FIRST MERCHANTS CORP Common Stock. The transaction is coded as a grant or award, meaning it is compensation-related, not an open-market purchase or sale of existing shares.

How many FIRST MERCHANTS CORP shares does the director hold after this Form 4?

After the reported grant, Clark C. Kellogg directly holds 15,271.382 shares of FIRST MERCHANTS CORP Common Stock. This total includes previously awarded Restricted Stock Awards, giving a snapshot of his direct equity stake following the latest award.

How many Restricted Stock Awards does the FRME director have within his holdings?

Within the director’s total direct holdings, the filing notes Restricted Stock Awards totaling 7,671 shares. These restricted shares generally vest over time or upon conditions, aligning the director’s compensation with FIRST MERCHANTS CORP’s long-term performance.

Is the FRME director’s Form 4 transaction a stock purchase or sale?

The Form 4 for FIRST MERCHANTS CORP shows a grant of 584 shares, not a market trade. The transaction code is “A,” indicating a grant, award, or other acquisition, rather than an open-market buy or sell decision by the director.