Becher Michael R 4

What Happened

• Michael R. Becher, a director of First Merchants Corp (FRME), was granted 554 shares as a restricted stock award on June 30, 2026. The award is reported at a per-share value of $43.69, totaling about $24,204. This is an acquisition via award (Form 4 code A), common for compensation or board-related equity, not an open-market purchase.

Key Details

• Transaction date and price: 2026-06-30; 554 shares at $43.69 each (total ~$24,204).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Filing notes it "Includes Restricted Stock Awards totaling 7,898 shares" (F1).
• Timeliness: Report filed 2026-07-02; appears filed within the normal Form 4 reporting window (not flagged late).
• Transaction type: Award/grant (code A) — typically subject to vesting and not an immediate market buy/sell.

Context

• Restricted stock awards are usually compensation for directors/executives and may vest over time; they reflect company compensation policy rather than an outright market purchase or sale.
• Such awards are informative about company pay practices but do not necessarily signal the insider’s short-term trading sentiment.