Nelson James W 4

What Happened Nelson James W, EVP and Chief Risk Officer of First Savings Financial Group (FSFG), disposed of 24,448 FSFG shares on 2026-02-01. The filing lists this as a "Disposition to the issuer" (code D) and does not report a per-share price or cash proceeds. A footnote states that under the merger agreement with First Merchants Corporation, each FSFG share was converted into the right to receive 0.85 shares of First Merchants common stock (with cash paid in lieu of fractional shares), which explains the non‑cash nature of the disposition.

Key Details

• Transaction date: 2026-02-01; Filing date (Form 4): 2026-02-09.
• Transaction type: Disposition to issuer (D) — shares surrendered to issuer as part of merger consideration.
• Shares involved: 24,448 FSFG shares; per‑share price and total cash value: N/A in the filing.
• Post-transaction holdings: Not specified in the provided summary (see full Form 4 for holdings after conversion).
• Footnote: Merger conversion ratio — each FSFG share converted into 0.85 shares of First Merchants Corporation common stock (cash in lieu for fractions).

Context A "disposition to issuer" here reflects a corporate merger conversion rather than an open-market sale by the insider; it typically means the insider exchanged FSFG shares for First Merchants stock (or cash for fractional shares) under the merger terms. This type of transaction is a routine corporate action and does not by itself signal insider buying or selling intent in the market. Note the Form 4 was filed eight days after the transaction date, which is longer than the usual two-business-day window for Form 4 filings.