Dively Joseph R 4
Research Summary
AI-generated summary
First Mid Bancshares CEO Joseph Dively Receives 13,200-Share Award
What Happened
Joseph R. Dively, Chairman, CEO and a director of First Mid Bancshares, received a grant of 13,200 shares (transaction code A) on 2026-02-02 at an attributed value/price of $43.58 per share, for a total value of $575,256. This was an equity award (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-02-02; filing date: 2026-02-03 (timely Form 4 filing).
- Shares granted: 13,200; price/value used: $43.58 per share; total value: $575,256.
- Shares owned after transaction: not disclosed in this filing.
- Footnote: Award issued under the company's Long Term Incentive Plan; vesting is 1/3 each year beginning December 15, 2026.
- Transaction code: A (award/grant/acquisition).
Context
This was a time-based equity award under the company's LTIP that vests over three years—awards like this are compensation, not an outright market purchase or sale, and do not by themselves signal buying or selling intent. For investors tracking insider activity, purchases are typically more informative about sentiment, while grants are part of executive pay.