Halderman Howard 4

What Happened
Howard Halderman, a director of First Merchants Corp (FRME), received a grant/award of 605 shares on 2026-03-31. The award was priced at $38.73 per share, for a total value of $23,432. This transaction is an award (acquisition) rather than an open-market purchase or sale — typically part of director compensation.

Key Details

• Transaction date: 2026-03-31; Price per share: $38.73; Shares granted: 605; Total value: $23,432.
• Transaction type: Award/Grant (Form 4 code "A") — an acquisition via company award, likely compensation.
• Footnote: Filing notes this includes Restricted Stock Awards totaling 7,937 shares (i.e., these shares are labeled as restricted).
• Shares owned after transaction: not explicitly stated in the summary filing excerpt.
• Filing date: 2026-04-02 — the Form 4 was filed within the normal post-transaction reporting window (timely).

Context
Restricted stock awards are typically part of compensation and are often subject to vesting or transfer restrictions, so they do not necessarily indicate immediate buying/selling sentiment. For retail investors, awards to directors are common and generally reflect compensation policy rather than a direct bullish or bearish trading signal.