Brooks Susan W 4

What Happened Susan W. Brooks, a director of First Merchants Corp (FRME), was granted 518 restricted shares on June 30, 2026. The filing reports a per-share value of $43.69, for a total award value of $22,631. The transaction is coded as an award/grant (A), an acquisition through compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely).
• Price/value: 518 shares × $43.69 = $22,631.
• Transaction type/code: Award/Grant (A) — restricted stock award (compensation).
• Shares owned after transaction: not specified in this filing.
• Footnote: filing notes it "Includes Restricted Stock Awards totaling 7,387" (presumably referring to restricted awards held or granted).
• No 10b5-1 plan, tax-withholding, or late-filing flag indicated in the reported details.

Context Restricted stock awards are typically compensation that vest over time and may carry sale restrictions until vesting — they are not the same as an open-market purchase and do not necessarily indicate the insider’s immediate market view. This filing reports a director-level compensation grant rather than an exercise, sale, or gift.