First Merchants Corp Insider Transactions

On August 5, 2025, First Merchants Corp (FRME) filed a Form 4 detailing insider transactions by Stephan Fluhler, Senior Vice President and Chief Information Officer. The filing reports several transactions involving FRME common stock and phantom stock. On August 3, 2025, Fluhler disposed of 1,226 shares at $37.11 per share, reducing his holdings to 28,196.279 shares. On August 4, 2025, he acquired 5,000 shares at $37.49 per share, increasing his holdings to 33,196.279 shares, including 21,442.059 restricted stock awards. Additionally, on July 7, 2025, Fluhler acquired 2.08 phantom stock units at $35.93 per share, bringing his total phantom stock holdings to 1,177.2 units. Phantom stock is the economic equivalent of common stock and can be settled in cash or shares upon separation from the company.