Fordyce L. Chris 4
Research Summary
AI-generated summary
First Savings (FSFG) Director Fordyce L. Chris Disposes 48,843 Shares
What Happened
- Fordyce L. Chris, a director of First Savings Financial Group, disposed of 48,843 shares of First Savings common stock on February 1, 2026. The filing reports the disposition to the issuer (code D) and does not list a sale price (price reported as N/A). Under the merger agreement with First Merchants Corporation, each First Savings share converted into the right to receive 0.85 shares of First Merchants common stock — yielding approximately 41,516.55 First Merchants shares (with cash paid in lieu of any fractional share).
Key Details
- Transaction date: 2026-02-01
- Filing date / Accession: 2026-02-09 (0001437749-26-003500)
- Transaction type: Disposition to issuer (D); price reported as N/A
- Shares disposed: 48,843 First Savings common shares
- Consideration: 0.85 First Merchants shares per First Savings share (≈41,516.55 First Merchants shares); fractional share paid in cash (Footnote F1)
- Shares owned after transaction: not specified in the provided filing summary
- Timing/late filing: filing date is Feb 9 for a Feb 1 transaction; the report does not state a late-filing code in the provided data
Context
- This disposition arose from the Agreement and Plan of Merger (Sept 24, 2025) between First Savings and First Merchants, resulting in a conversion of First Savings shares into First Merchants stock rather than an open‑market sale. Such merger-related dispositions are administrative consequences of the deal (receiving acquirer stock and cash-in-lieu for fractions) and should be read differently than voluntary insider sell orders.