KELLOGG CLARK C 4
Research Summary
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First Merchants (FRME) Director Clark C. Kellogg Receives 584-Share Award
What Happened Clark C. Kellogg, a director of First Merchants Corp (FRME), received an award of 584 shares on 2026-03-31. The shares are reported at $38.73 each, for a total reported value of $22,618. This was an award/grant (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-31; reported on Form 4 filed 2026-04-02.
- Transaction type/code: Award/Grant (A).
- Shares acquired: 584 at $38.73 per share; total value $22,618.
- Footnote: filing states holdings "include Restricted Stock Awards totaling 7,671 shares."
- Filing timeliness: filed within days of the transaction (no late filing flag noted).
Context Restricted stock awards are typically subject to vesting and transfer restrictions, meaning the shares may not be immediately tradable. Awards are compensation-related transactions and do not necessarily indicate the insider is buying or selling based on near-term views of the stock.