Read Jordan D. 4
Research Summary
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FIRST MID (FMBH) CFO Read Receives Award of 3,850 Shares
What Happened Read Jordan D., Executive Vice President, Chief Financial Officer & Chief Risk Officer of First Mid Bancshares, received an equity award of 3,850 shares on 2026-02-02. The award is recorded at $43.58 per share for a total grant value of $167,783. This transaction is an award/grant under the company’s Long Term Incentive Plan (not an open-market purchase).
Key Details
- Transaction date: 2026-02-02; Form 4 filed 2026-02-03 (timely).
- Transaction type/code: Award/Acquisition (A).
- Shares granted: 3,850 at $43.58 per share; total reported value $167,783.
- Shares owned after transaction: Not specified in the filing.
- Footnote: Shares represent an award under the Company’s Long Term Incentive Plan and shall vest one-third each year beginning December 15, 2026.
- No 10b5-1 plan or tax-withholding sale (e.g., F code) is indicated in the filing.
Context This is a compensation-related equity grant that vests over time, so it is not an immediate open-market purchase and does not directly signal near-term buying or selling by the insider. Such LTIP awards are commonly used to align executive incentives with long-term shareholder value.