Mark K. Hardwick - Jul 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: Jul 20, 2023
Transactions value $: $611,046
Form type: 4
Date filed: 8/10/2023, 11:47 AM
Previous filing: Jun 22, 2023
Next filing: Aug 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FRME	Common Stock	Award	$611K	+19K	+22.49%	$32.16	103K	Aug 2, 2023	Direct	F1
holding	FRME	Common Stock						446	Jul 20, 2023	Spouse IRA
holding	FRME	Common Stock						24.5K	Jul 20, 2023	401(k) Plan

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	$5.86	+0.216	+0.01%	$27.14	2.99K	Jul 20, 2023	Common Stock	0.216		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes Restricted Stock Awards totaling 54,096.553 shares.
F2	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.