Parisien Kent L. 4

What Happened

• Kent L. Parisien, EVP and Area President of First Savings Financial Group (FSFG), recorded multiple dispositions on Feb 1, 2026: 5,022 and 2,123 shares of common stock, plus derivative/option-related dispositions of 9,000, 7,500 and 3,750 shares—totaling 27,395 shares or option equivalents.
• The Form 4 shows these as "Disposition to the issuer (D)" with no per-share prices reported (N/A). Footnotes indicate these transactions were part of the merger with First Merchants: outstanding FSFG shares were converted into the right to receive 0.85 shares of First Merchants common stock (cash in lieu for fractional shares), and certain options were canceled and cash-settled based on a per-share cash-equivalent of $32.5876 less the option exercise price, less withholding.

Key Details

• Transaction date: 2026-02-01. Form 4 filed: 2026-02-09 (8 days later), which is later than the typical 2-business-day Form 4 reporting window.
• Reported dispositions: 5,022 (D), 2,123 (D), 9,000 (D, derivative), 7,500 (D, derivative), 3,750 (D, derivative). No per-share prices listed on the Form 4 excerpt.
• Total disposed: 27,395 shares / option equivalents.
• Shares owned after the transactions: not provided in the excerpt.
• Footnotes: F1 — stock conversion at merger (0.85 First Merchants shares per FSFG share, cash for fractions). F2 — options canceled and cash-paid equal to exercisable shares × ( $32.5876 − exercise price ), less tax withholdings.
• No 10b5-1 plan or other trading-plan notation shown in the provided data.

Context

• These dispositions appear to be merger-related (stock conversion and option cash-out) rather than open-market sales. For the derivative entries, options were canceled and cash-settled per the merger terms rather than representing a typical exercise-and-hold or exercise-and-sell transaction.
• For retail investors, merger-driven dispositions generally reflect corporate deal mechanics; they are not the same informational signal as voluntary open-market insider sales.