FSFG director converts 33,694 shares in merger
First Savings Financial Group director Pamela Bennett-Martin reported the conversion of 33,694 shares of common stock on February 1, 2026.
Rhea-AI Filing Summary
First Savings Financial Group director Pamela Bennett-Martin reported the conversion of 33,694 shares of common stock on February 1, 2026. The filing shows her beneficial ownership of First Savings Financial Group stock fell to zero after this transaction.
According to the merger agreement between First Savings Financial Group and First Merchants Corporation, each issued and outstanding First Savings share was converted into the right to receive 0.85 shares of First Merchants common stock, with cash paid in lieu of any fractional share.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 33,694 | $0.00 | $0.00 |
Footnotes (1)
- F1. Pursuant to the Agreement and Plan of Merger, dated as of September 24, 2025, between the Issuer and First Merchants Corporation, each issued and outstanding share of Issuer common stock was converted into the right to receive 0.85 shares of First Merchants Corporation common stock (subject to the payment of cash in lieu of fractional shares).
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Pamela Bennett-Martin’s Form 4 filing for FSFG report?
The Form 4 reports that director Pamela Bennett-Martin disposed of 33,694 shares of First Savings Financial Group common stock on February 1, 2026. The disposition occurred through a merger conversion into First Merchants Corporation stock, not through an open-market sale.
Who is the insider involved in this FSFG Form 4 transaction?
The insider is Pamela Bennett-Martin, a director of First Savings Financial Group, Inc. The filing indicates she was a reporting person with direct ownership of the 33,694 common shares that were converted in the merger with First Merchants Corporation.
What is the significance of the 0.85 exchange ratio mentioned in the FSFG filing?
The 0.85 exchange ratio means each First Savings Financial Group share became the right to receive 0.85 First Merchants Corporation shares. This ratio determines how many First Merchants shares former FSFG shareholders receive following completion of the merger transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.