First Merchants (FRME) Director Kevin Johnson Receives 564-Share Award

What Happened

• Kevin D. Johnson, a director of First Merchants Corp (FRME), received an award/acquisition of 564 shares on 2026-03-31. The shares were valued at $38.73 each, for a total reported value of $21,844. This transaction is recorded as an award/grant (code A), an acquisition rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-03-31; 564 shares at $38.73 per share (total $21,844).
• Transaction type: Award/Grant (A) — acquisition of shares as compensation or grant.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote: Filing notes that holdings include Restricted Stock Awards totaling 7,406 shares (indicates restricted/vested schedule may apply).
• Filing date: 2026-04-02 (filed shortly after the transaction per the Form 4 record); no late-filing flag provided in the summary.

Context

• Restricted stock awards are typically compensation that vests over time and are not an open-market purchase; they do not necessarily indicate the insider is buying or selling based on short-term views. For retail investors, awards can signal alignment with long-term shareholder value but should be weighed with other insider transactions and company disclosures.