Myers Larry W 4
4 · First Savings Financial Group, Inc. · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
First Savings (FSFG) CEO Larry Myers Surrenders 431,558 Shares in Merger
What Happened
Larry W. Myers, President & CEO and a director of First Savings Financial Group, reported dispositions of a total of 431,558 shares of FSFG common stock on February 1, 2026 (four separate dispositions: 103,996; 211,853; 31,022; 84,687). No per‑share price is shown on the Form 4 because the transfers were made to the issuer pursuant to the merger. Per the filing footnote, each FSFG share was converted into the right to receive 0.85 shares of First Merchants Corporation common stock (with cash paid in lieu of fractional shares), which implies receipt of roughly 366,824 First Merchants shares before cashing out fractions.
Key Details
- Transaction date: 2026-02-01 (filed with the SEC on 2026-02-09).
- Transaction type/code: Disposition to the issuer (D) — not an open‑market sale.
- Shares disposed: 103,996; 211,853; 31,022; 84,687 — total 431,558 FSFG shares.
- Price/Value: Not reported on the Form 4 (conversion under merger terms).
- Merger footnote: Under the Agreement and Plan of Merger (dated Sept 24, 2025), each FSFG share converts into 0.85 First Merchants shares (cash in lieu for fractions).
- Shares owned after transaction: Not specified in this filing.
Context
This transaction reflects the corporate merger conversion (exchange of FSFG shares for First Merchants stock/cash), not a voluntary open‑market sale by the insider. Such issuer dispositions tied to mergers are routine mechanics of deal closings and do not by themselves indicate the insider’s view of the combined company’s prospects.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-02-01−103,996→ 0 total - Disposition to Issuer
Common Stock
[F1]2026-02-01−211,853→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Common Stock
[F1]2026-02-01−31,022→ 0 total(indirect: By ESOP) - Disposition to Issuer
Common Stock
[F1]2026-02-01−84,687→ 0 total(indirect: By Spouse)
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).