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FIRST MERCHANTS CORP·4

Apr 2, 5:44 PM ET

Brooks Susan W 4

Research Summary

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Updated

First Merchants (FRME) Director Susan W. Brooks Receives Award

What Happened
Susan W. Brooks, a director of First Merchants Corp (FRME), was granted 584 shares on 2026-03-31 at a reported value of $38.73 per share, totaling $22,618. The transaction is coded as an award/acquisition (A), and the filing notes restricted stock treatment.

Key Details

  • Transaction date and price: 2026-03-31, 584 shares @ $38.73 each (total $22,618).
  • Transaction type: Award / acquisition (restricted stock).
  • Shares owned after transaction: Not specified in the Form 4.
  • Footnote: F1 — "Includes Restricted Stock Awards totaling 7,671 shares."
  • Filing: Form 4 filed 2026-04-02 (appears filed within the typical 2-business-day window).

Context
Restricted stock awards are commonly used as director compensation and represent an acquisition of company stock rather than a market purchase or sale. Such grants are routine and do not, by themselves, indicate the insider is buying or selling stock in response to company prospects.