KELLOGG CLARK C 4

What Happened
Clark C. Kellogg, a director of First Merchants Corp (FRME), was granted 518 shares as an equity award on 2026-06-30. The reported per-share value was $43.69, for a total reported value of $22,631. This transaction is an award/acquisition (code A) — a compensation grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-30 (Period of Report). Filing date: 2026-07-02 (Accession 0001785329-26-000014).
• Transaction type/code: Award / Acquisition (A) — restricted stock award.
• Shares granted: 518 at $43.69 per share; total reported value $22,631.
• Shares owned after transaction: Not explicitly stated in the provided filing; footnote F1 notes holdings include Restricted Stock Awards totaling 7,387 shares.
• No late filing was indicated in the information provided.
• Insider role: Director (not identified as a 10% owner or an executive officer in this filing).

Context
Restricted stock awards are typically compensation or retention grants and are often subject to vesting and transfer restrictions; they are not the same as an open-market purchase and don't necessarily signal immediate buying sentiment. For retail investors, such grants are common for directors and reflect compensation policies rather than direct trading intent.