First Merchants (FRME) CHRO Steven Harris Receives 3,000-Share Award

What Happened
Steven C. Harris, Chief Human Resources Officer and Executive VP of First Merchants Corp (FRME), was granted 3,000 shares as an award on 2026-08-03 (valued at $43.63 each, $130,890) and on 2026-08-02 had 612 shares disposed at $43.14 each ($26,402) to satisfy tax/payment obligations. Net effect: Harris acquired 2,388 shares (3,000 acquired − 612 disposed).

Key Details

• Transactions reported: 2026-08-02 (612 shares disposed at $43.14, $26,402) and 2026-08-03 (3,000 shares granted at $43.63, $130,890).
• Transaction codes: F = shares disposed to cover tax liability; A = award/grant (restricted stock award).
• Net change: +2,388 shares.
• Footnote: Filing notes Restricted Stock Awards totaling 8,910.223 shares (F1).
• Filing: Form 4 filed 2026-08-04 for transactions on 8/2–8/3; no late filing indicated in the report.

Context

• The 612-share disposition appears to be tax withholding related to the vesting/award (routine, not an open-market sale).
• The 3,000-share line is a grant/award (restricted stock), which represents an acquisition of shares through compensation rather than an open-market purchase.
• These kinds of grant-and-withhold transactions are common for executive compensation and do not, by themselves, indicate a change in insider sentiment.