Harris Steven C 4

What Happened
Steven C. Harris, Chief Human Resources Officer and Executive Vice President of First Merchants Corp (FRME), had 970 shares disposed on February 8, 2026 as payment of tax liability (transaction code F). The shares were valued at $42.34 each, for a total of approximately $41,070. This was a tax-withholding/cashless settlement related to restricted stock awards, not an open-market sale.

Key Details

• Transaction date: 2026-02-08; Form 4 filed: 2026-02-10 (timely filing).
• Disposed: 970 shares at $42.34 per share; total value ≈ $41,070.
• Transaction code: F (payment of exercise price or tax liability — here used to cover tax on awards).
• Footnote: Filing notes Restricted Stock Awards totaling 8,003.666 shares (F1).
• Shares owned after the transaction: not specified in the filing.

Context
This was a routine withholding of shares to satisfy tax obligations on restricted stock awards (a common administrative action) rather than a market sale expressing investment intent. Such F-code transactions generally do not indicate the insider's view on the company's stock price.