FIRST MERCHANTS CORP (FRME) SEC Filings, Jan-Feb 2026

First Merchants Corp officer Stephan Fluhler reported a disposition of 1,795 shares of common stock on February 8, 2026, coded as transaction type F at a price of $42.34 per share. After this transaction, he directly held 26,160.805 common shares, including 15,879.362 restricted stock awards.

He also indirectly held 3,642.059 common shares through a 401(k) Plan. Fluhler serves as Chief Information Officer and Senior Vice President of First Merchants Corp.

First Merchants Corporation has an investor filing to sell 4,161 shares of its common stock under Rule 144. The planned sale through E*TRADE FINANCIAL CORPORATION has an aggregate market value of 174345.9 and is expected around 02/10/2026 on NASDAQ.

These 4,161 shares were originally acquired on 02/08/2021 as vested restricted stock awards granted by First Merchants Corporation. The filing notes there are 56,951,939 common shares outstanding, providing context for the size of this planned sale.

First Merchants Corporation announced a regular cash dividend of $0.36 per common share. The dividend will be paid on March 20, 2026 to shareholders who are on record as of March 6, 2026. The company furnished the related press release as an exhibit.

First Merchants Corp Chief Risk Officer Eva D. Scurlock reported selling 3,227 shares of common stock on February 6, 2026 at a price of $42.29 per share. After this sale, she beneficially owned 20,063.128 shares, including 2,223.109 shares of restricted stock awards.

First Merchants Corporation has expanded its Board of Directors from twelve to thirteen members and appointed Larry W. Myers to the new Class III seat. His initial term runs until the 2026 Annual Meeting of Shareholders, when he will be considered for a one-year term.

Myers, the long-time President and CEO of First Savings Bank and First Savings Financial Group, joined the board shortly after First Merchants completed its merger with First Savings on February 1, 2026. He will serve on the Risk and Credit Policy Committee and participate in the equity compensation plan for non-employee directors, with director compensation beginning in the third quarter of 2026.

The company, a $21.4 billion financial holding company, highlights Myers’ deep community banking experience and knowledge of the southern Indiana market as support for its growth strategy and shareholder value focus.

First Merchants Corporation adopted a 2026 Senior Management Incentive Compensation Program for its named executive officers and other senior leaders. This cash-based, non-equity plan ties bonus payouts to operating performance, measured primarily by operating earnings on a diluted GAAP basis.

For 2026, potential SMICP cash payments as a percentage of base salary range by role. The Chief Executive Officer can earn 40% of base salary at threshold, 80% at target, and up to 160% at maximum. The President and the Chief Financial Officer each have 30%, 60%, and 120% levels, while the Chief Credit Officer and Chief Commercial Officer each have 25%, 50%, and 100% levels.

Most executives’ bonuses depend entirely on company operating earnings, while the Chief Commercial Officer’s award is based 70% on operating earnings and 30% on operating revenue and net contribution from the Commercial line of business. Payouts are interpolated between threshold and maximum, require employment at payment (with limited exceptions), and are subject to the company’s clawback policy for materially inaccurate financial statements or as required by law.

A holder of First Merchants Corporation common stock has filed a notice to sell 3227 shares under Rule 144. These shares, with an aggregate market value of 131693.87, are to be sold through Broadridge Corporate Issuer Solutions, Inc. on Nasdaq around 02/04/2026.

The securities to be sold are common stock previously acquired on 07/09/2024 by exercising options from First Merchants Corporation, with payment also made on that date via option exercise. The filer represents they are not aware of undisclosed material adverse information about the issuer.

First Merchants Corporation completed its acquisition of First Savings Financial Group, Inc. under a previously signed merger agreement. The merger became effective as of 12:01 a.m. Eastern Time on February 1, 2026, when First Savings merged into First Merchants.

Each share of First Savings common stock was converted into the right to receive 0.85 share of First Merchants common stock, plus cash instead of any fractional shares, in a tax-free exchange. Based on this exchange, First Merchants expects to issue approximately 6.1 million shares of its common stock.

Immediately before closing, First Savings restricted stock awards were exchanged for First Merchants shares using the same exchange ratio. Outstanding First Savings stock options were cancelled for a cash payment per share equal to $32.59 minus the exercise price and applicable taxes, paid by First Savings. After the holding company merger, First Savings Bank also merged into First Merchants Bank, which continues as the surviving bank.

First Merchants Corporation furnished an update on its fourth quarter and full-year performance by issuing a press release covering financial results for the quarter ended December 31, 2025. The company released this information on January 26, 2026 and attached the press release as Exhibit 99.1.

First Merchants also scheduled a fourth quarter 2025 earnings conference call and webcast for January 27, 2026 at 9:00 a.m. Eastern Time, using a slide presentation furnished as Exhibit 99.2. The company specifies that the press release and presentation are being furnished, not filed, under the securities laws and will only be incorporated into other documents if expressly referenced.