December 19, 2025 · Form 4 insider transaction
FLUHLER STEPHAN bought 17.585 shares of First Merchants Corporation at $38.08 per share, a transaction worth $669.64. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 3 days after the transaction.
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.