First Merchants (FRME) CIO Stephan Fluhler Sells 4,080 Shares

What Happened
Stephan Fluhler, Chief Information Officer and Senior Vice President of First Merchants Corp (FRME), sold 4,080 shares on Aug 19, 2026 at $43.20 per share, generating proceeds of $176,256. This was a sale (disposition), which is often routine and may reflect personal liquidity rather than a company outlook.

Key Details

• Transaction date: 2026-08-19; Price: $43.20 per share; Total proceeds: $176,256.
• Transaction type: Sale (open-market or private sale reported on Form 4).
• Shares owned after transaction: Not explicitly stated in the provided summary.
• Footnote: Filing notes Restricted Stock Awards totaling 15,567.651 shares are included in reported holdings (Footnote F1).
• Filing date: 2026-08-21 (filed within the typical 2-business-day Form 4 window); no late-filing flag noted.
• No 10b5-1 plan, tax withholding, or other special conditions were indicated in the provided details.

Context
Sales by executives can be routine (taxes, diversification, personal needs) and do not necessarily signal a change in company fundamentals. This report does not involve option exercises, gifts, or newly granted awards being converted to cash; it is a straight disposition of existing shares.