Padgett Martin 4
4 · First Savings Financial Group, Inc. · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
First Savings (FSFG) Director Padgett Martin Disposes 16,843 Shares
What Happened
Padgett Martin, a director of First Savings Financial Group, Inc. (FSFG), reported a disposition of 16,843 shares on 2026-02-01. The filing lists the transaction as a "disposition to the issuer" with no per-share price or cash proceeds reported (N/A). This was not an open-market sale but part of the company’s merger mechanics.
Key Details
- Transaction date: 2026-02-01; Report filed: 2026-02-09
- Transaction type: Disposition to issuer (merger-related conversion)
- Shares involved: 16,843; Price/proceeds: N/A (not reported on Form 4)
- Shares owned after transaction: Not disclosed in this filing
- Footnote: Under the merger agreement dated Sept 24, 2025, each FSFG share was converted into the right to receive 0.85 shares of First Merchants Corporation common stock (cash paid in lieu of fractional shares)
- Filing timeliness: Form 4 filed 8 days after the transaction date (filing does not state a tardiness designation)
Context
This disposition reflects the corporate merger conversion rather than a director-initiated market sale, meaning the FSFG shares were converted into First Merchants stock per the merger terms (0.85 shares of First Merchants per FSFG share, with cash for fractional shares). Such conversion transactions are routine in mergers and do not necessarily signal insider sentiment about the combined company's future.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-02-01−16,843→ 0 total
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).