Mark K. Hardwick - Mar 20, 2023 Form 4 Insider Report for FIRST MERCHANTS CORP (FRME)

Role
Chief Executive Officer, Director
Signature
Jacob Burkett (Confirming Statement on File)
Stock symbol
FRME
Transactions as of
Mar 20, 2023
Transactions value $
$1,623
Form type
4
Date filed
3/22/2023, 04:53 PM
Previous filing
Mar 23, 2023
Next filing
May 2, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FRME Phantom Stock Award $1.62K +47.1 +1.62% $34.44 2.96K Mar 20, 2023 Common Stock 47.1 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the economic equivalent of one share of FRME common stock. The shares of phantom stock will be settled in cash or shares of FRME common stock, at the reporting person's election, upon separation from First Merchants.