Peterson Joseph C 4

What Happened

• Joseph C. Peterson, Chief Commercial Officer of First Merchants Corp (FRME), disposed of 1,789 shares on Feb 8, 2026 to satisfy a tax obligation (transaction code F). The shares were valued at $42.34 each, for proceeds of approximately $75,746.
• This was a share surrender/withholding to cover taxes rather than a voluntary open-market sale for investment purposes.

Key Details

• Transaction date: 2026-02-08; Price: $42.34 per share; Total value: ~$75,746.
• Transaction type/code: F — Payment of exercise price or tax liability (share disposition to cover taxes).
• Footnote: Filing notes inclusion of Restricted Stock Awards totaling 19,889.125 shares (F1).
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: Reported on 2026-02-10 for a 2026-02-08 transaction — appears timely (not marked late).

Context

• Code F transactions commonly reflect shares withheld or surrendered to satisfy tax withholding after an award or option event; they do not necessarily indicate a change in the insider’s view of the company.
• For retail investors, tax-withholding dispositions are routine and different from open-market sales that may signal sentiment.