First Merchants (FRME) CFO Michele Kawiecki Receives 13,000-Share Award

What Happened Michele Kawiecki, Chief Financial Officer of First Merchants Corp (FRME), received a grant of 13,000 shares on 2026-08-03 valued at $43.63 each (total ~$567,190). On 2026-08-02 2,910 shares were disposed/withheld at $43.14 each to satisfy tax withholding or exercise-related tax liability (value ~$125,537). The award is reported as an "A" (grant/award) and the withholding as "F" (tax withholding).

Key Details

• Transactions and values:
  • 2026-08-02: 2,910 shares withheld/disposed at $43.14 — proceeds/withholding value ~$125,537 (code F).
  • 2026-08-03: 13,000 shares granted at $43.63 — award value ~$567,190 (code A).
• Footnote: Filing notes Restricted Stock Awards totaling 40,475.890 shares (included in reported holdings).
• Shares owned after transaction: not specified in the provided excerpt.
• Filing date: 2026-08-04 for period of report 2026-08-02 — appears to be filed timely (no late filing flag indicated).

Context

• This appears to be a standard restricted stock award with shares withheld to cover taxes, not an open-market buy or sell. Awards and related tax withholdings are common compensation events and do not necessarily signal a personal market-direction bet.