RECHIN MICHAEL C 4

What Happened Michael C. Rechin, a director of First Merchants Corp (FRME), was awarded 625 shares on 2026-03-31. The grant is recorded at $38.73 per share for a total value of $24,206. This transaction is an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-03-31 at $38.73 per share.
• Shares awarded: 625 shares; total reported value $24,206.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: Filing notes holdings "include Restricted Stock Awards totaling 8,004 shares" (F1).
• Filing: reported on Form 4 (accession 0001344155-26-000005), filed 2026-04-02. No late-filing flag was provided in the summary.

Context Restricted stock awards are typically compensation that vests over time or subject to restrictions; they are not an immediate market purchase and should not be interpreted as a direct buy/sell signal. Awards are common for directors as part of compensation/retention and indicate alignment with shareholders but don’t by themselves predict trading sentiment.