FISHER MICHAEL J 4

What Happened
Michael J. Fisher, a director of First Merchants Corp (FRME), received an award of 500 shares on June 30, 2026. The award is reported at $43.69 per share, for a total value of $21,845. This transaction is an issuance/award (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30; reported (filed) on 2026-07-02. Filing appears timely (Form 4 is generally due within two business days).
• Transaction type: Award / acquisition (code A).
• Shares granted: 500 shares at $43.69 per share; total reported value $21,845.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote: F1 — "Includes Restricted Stock Awards totaling 7,132 shares." The filing notes restricted stock awards (7,132 shares) as part of reported holdings.
• No indication in this filing of a 10b5-1 plan, cashless sale, tax withholding, or late filing beyond the normal reporting window.

Context
Restricted stock awards are typically compensation-related and may be subject to vesting and transfer restrictions; they increase insider ownership but do not necessarily reflect an immediate market buy signal. For retail investors, award grants are useful to track director/executive alignment with shareholders but should be considered alongside other insider activity and company fundamentals.