Data spanning the past 90 days through February 19, 2026 reveals that First Merchants's three principal insider shareholders consist of Chief Executive Officer Mark K Hardwick (132.35K shares), President Michael J Stewart (111.38K shares), Director Patrick J. Fehring (99.88K shares).
| Holder | Position | Shares | Report Date |
|---|---|---|---|
| Mark K Hardwick | Chief Executive Officer | 132,352 | 22 Dec, 2025 |
| Michael J Stewart | President | 111,385 | 05 Aug, 2025 |
| Patrick J. Fehring | 99,880 | 02 Oct, 2025 | |
| Michael C Rechin | 89,245 | 05 Jan, 2026 | |
| John Martin | Chief Credit Officer | 64,878 | 10 Feb, 2026 |
| Jean L Wojtowicz | 64,183 | 05 Jan, 2026 | |
| Michele Kawiecki | Chief Financial Officer | 63,230 | 10 Feb, 2026 |
| Gary Lehman | 53,159 | 05 Jan, 2026 | |
| Patrick A Sherman | 51,125 | 03 May, 2022 | |
| Charles E Schalliol | 41,030 | 11 Apr, 2024 | |
| Joseph C Peterson | Chief Commercial Officer | 38,025 | 10 Feb, 2026 |
| H Douglas Chaffin | 37,203 | 02 Jul, 2021 | |
| William L Hoy | 33,603 | 04 Apr, 2023 | |
| Michael R Becher | 28,520 | 05 Jan, 2026 | |
| Howard Halderman | 28,245 | 05 Jan, 2026 | |
| Michael C Marhenke | 27,875 | 02 Jul, 2021 | |
| Eva D. Scurlock | Chief Risk Officer | 27,682 | 13 Feb, 2026 |
| Stephan Fluhler | Chief Information Officer | 22,000 | 12 Feb, 2026 |
| Steven C Harris | Chief Human Resources Officer | 19,884 | 10 Feb, 2026 |
| Chad Kimball | Chief Risk Officer | 18,090 | 05 Aug, 2025 |
| Michael J Fisher | 17,821 | 05 Jan, 2026 | |
| Jeffrey B Lorentson | Chief Audit Executive | 15,228 | 18 Aug, 2021 |
| Clark C Kellogg | 14,620 | 05 Jan, 2026 | |
| Susan W Brooks | 11,395 | 05 Jan, 2026 | |
| Jason R Sondhi | 9,393 | 05 Jan, 2026 | |
| Kevin D Johnson | 8,410 | 05 Jan, 2026 | |
| Mung Chiang | 7,774 | 05 Jan, 2026 |
* Please note that the shares above only reflect shares from the fund portfolio and the institutional portfolio. Shares from the personal portfolio are excluded from this Institutional Ownership Page. See these insiders' latest transactions here on Insider Page.
| Transaction Date | Insider Name | Security Class | Transaction Type | Shares Traded | Price | Shares Remaining | Ownership | Code |
|---|---|---|---|---|---|---|---|---|
| 12 Feb, 2026 | Eva D. Scurlock | Common Stock | A | 5,986 | $21.79 | 31,492 | D | M |
| 12 Feb, 2026 | Eva D. Scurlock | Common Stock | A | 4,762 | $26.04 | 24,825 | D | M |
| 12 Feb, 2026 | Eva D. Scurlock | Common Stock | D | 3,810 | $41.64 | 27,682 | D | F |
| 12 Feb, 2026 | Eva D. Scurlock | Common Stock | A | 681 | $21.79 | 25,506 | D | M |
| 11 Feb, 2026 | Stephan Fluhler | Common Stock | D | 4,161 | $41.96 | 22,000 | D | S |
| 08 Feb, 2026 | John Martin | Common Stock | D | 5,398 | $42.34 | 64,878 | D | F |
| 08 Feb, 2026 | Stephan Fluhler | Common Stock | D | 1,795 | $42.34 | 26,161 | D | F |
| 08 Feb, 2026 | Michele Kawiecki | Common Stock | D | 1,782 | $42.34 | 61,221 | D | F |
| 08 Feb, 2026 | Steven C Harris | Common | D | 970 | $42.34 | 19,884 | D | F |
| 08 Feb, 2026 | Joseph C Peterson | Common Stock | D | 1,789 | $42.34 | 38,025 | D | F |
| 06 Feb, 2026 | Eva D. Scurlock | Common Stock | D | 3,227 | $42.29 | 20,063 | D | S |
| 31 Dec, 2025 | Jean L Wojtowicz | Common Stock | A | 833 | $37.48 | 64,183 | D | A |
| 31 Dec, 2025 | Michael C Rechin | Common Stock | A | 646 | $37.48 | 89,245 | D | A |
| 31 Dec, 2025 | Gary Lehman | Common Stock | A | 583 | $37.48 | 53,159 | D | A |
| 31 Dec, 2025 | Michael R Becher | Common Stock | A | 646 | $37.48 | 28,520 | D | A |
| 31 Dec, 2025 | Howard Halderman | Common Stock | A | 625 | $37.48 | 28,242 | D | A |
| 31 Dec, 2025 | Michael J Fisher | - | - | 17,821 | D | |||
| 31 Dec, 2025 | Michael J Fisher | Common Stock | A | 583 | $37.48 | 17,821 | D | A |
| 31 Dec, 2025 | Clark C Kellogg | Common Stock | A | 604 | $37.48 | 14,620 | D | A |
| 31 Dec, 2025 | Susan W Brooks | Common | A | 604 | $37.48 | 11,395 | D | A |