Scurlock Eva D. 4

What Happened

Eva D. Scurlock, Chief Risk Officer of First Merchants Corp (FRME), sold 3,227 shares in an open-market transaction on February 6, 2026. The shares were disposed at $42.29 per share for total proceeds of approximately $136,470. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date: 2026-02-06 (filed on 2026-02-09).
• Transaction type/code: Open market sale (S).
• Price per share: $42.29; Shares sold: 3,227; Gross proceeds: ~$136,470.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Filing notes that reported holdings include Restricted Stock Awards totaling 2,223.109 shares (F1).
• Timeliness: Filing was submitted Feb 9, 2026 — within the Form 4 two-business-day reporting window for a Feb 6 transaction.
• No option exercise, 10b5‑1 plan, or gift noted in the provided information.

Context

Officer sales are common and can reflect routine portfolio management, tax withholding, or other personal reasons; they do not by themselves indicate company performance. Purchases by insiders tend to be more directly interpreted as a bullish signal. This report documents a routine open‑market sale by a company officer.