FISHER MICHAEL J 4

What Happened
Michael J. Fisher, a director of First Merchants Corp (FRME), received a grant/award of 564 shares on 2026-03-31. The award is reported at $38.73 per share for a total reported value of $21,844. This transaction is an award (compensation-related acquisition), not an open-market purchase.

Key Details

• Transaction date: 2026-03-31; reported filing date: 2026-04-02 (timely Form 4 filing).
• Transaction type/code: A (award/acquisition).
• Shares granted: 564; price/value: $38.73 per share; aggregate value $21,844.
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — filing notes holdings include Restricted Stock Awards totaling 7,406 shares.
• No indication of a 10b5-1 plan, cashless exercise, tax-withholding sale, or late filing in this report.

Context
Restricted stock awards are typically compensation-related and reflect company pay practices rather than direct open-market buying conviction. Such grants increase insider ownership but should be interpreted differently from purchases made with personal funds.