SMITH MATTHEW K 4

What Happened
Matthew K. Smith, President of First Mid Bancshares, received an award of 4,950 common shares on February 2, 2026. The award is reported at a grant price of $43.58 per share, for a total reported value of $215,721. This was an equity grant under the company’s long‑term incentive plan (an award), not an open‑market purchase or sale.

Key Details

• Transaction date and price: 2026-02-02 at $43.58 per share (total value $215,721).
• Shares owned after transaction: not disclosed in the filing.
• Footnote: The shares were granted under the Company’s Long Term Incentive Plan and will vest one‑third each year beginning December 15, 2026 (see footnote F1).
• Filing timeliness: Reported on Form 4 filed 2026-02-03 (appears timely).

Context
This was a grant/award (not a purchase or sale). Awards that vest over time are retention/compensation tools and do not by themselves signal immediate buying or selling intent. Investors typically view time‑vested awards as alignment of executive and shareholder interests, but they do not indicate near‑term trading activity.