Johnson Kevin D 4

What Happened

• Kevin D. Johnson, a director of First Merchants Corp (FRME), received a grant of 500 shares on 2026-06-30 at an implied value of $43.69 per share, for a total value of $21,845. This filing is reported as an award/grant (transaction code A), i.e., issuance of restricted stock rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-30; Filing date: 2026-07-02 (reported on Form 4).
• Price/value: 500 shares × $43.69 = $21,845.
• Shares owned after transaction: not specified in the information provided in this summary.
• Footnote F1: The filing notes holdings include Restricted Stock Awards totaling 7,132 shares.
• Timeliness: Filed 2026-07-02 for a 2026-06-30 grant (within the typical Form 4 reporting window as reported).

Context

• This was a restricted stock award (not a market buy or sale). Restricted awards are typically subject to vesting and transfer restrictions, so they do not represent an immediate open-market investment decision by the insider.
• Awards to directors are common as compensation or retention; they increase insider ownership but don’t necessarily signal near-term trading intentions.