First Merchants FRME Insider Ownership

NASDAQ FRME

$39.96 -0.15 (-0.37%)

At close: Oct 21, 2026 · 4:00 PM EDT

Insider Holdings by Owner

1.20Mn Shares

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

1.79%

▲+0.108% pp QoQ

Shares Held by Insiders

1.11Mn

filed for Sep 2026

▲+6.46% QoQ

Shares Outstanding

62.29Mn

62,286,754 shares

Direct Holdings

985.08K

Indirect: 127.81K

Net Shares Traded (QoQ)

+67.52K

net buying in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Insiders

Bought Sold

Latest quarter —

Net over range —

Buying quarters —

Insider Ownership Summary

Updated Oct 10, 2026

In the last 12 months, insiders at First Merchants made open-market sales of $1.73 million (42.16K shares) and bought no shares on the open market.

By number of insiders, First Merchants saw 3 insiders sell on the open market over the past 12 months and none buy.
Larry W. Myers (First Vice President) was FRME's largest open-market seller in the past 12 months, with $1.04 million of sales (25K shares); the latest was on June 12, 2026.
The latest open-market trade in FRME stock by an insider was a sale of 4.08K shares for $176,256 by Stephan Fluhler (Chief Information Officer) on August 19, 2026.
Beyond open-market trades, insiders at First Merchants received 83.1K shares in stock awards, acquired 11.43K shares through option exercises and conversions, gave up 35.38K shares to cover taxes or exercise prices and gave away 4.77K shares as gifts in the last 12 months.
Per Business Quant data, First Merchants insiders hold 1.11Mn shares in total based on their latest Form 4 filings, up 6.46% from 1.05Mn shares at the end of Q2 2026 and up 14.99% from 967.81K shares at the end of Q3 2025.
Direct holdings account for 985.08K shares (88.52%) of FRME's insider total, and indirect holdings through trusts, partnerships and family members for 127.81K shares (11.48%).
FRME's insider total is spread across 23 insiders who have filed a Form 4 in the past two years.
First Merchants' top three insider holders by shares held are Mark K. Hardwick (Chief Executive Officer, 150.53K shares), Michael J. Stewart (President, 123.07K shares) and Patrick J. Fehring (Director, 99.88K shares).
The largest insider, Mark K. Hardwick, holds 13.53% of FRME's insider total.
Institutional holders reported 74.89% of First Merchants' outstanding shares for Q2 2026; insiders' latest Form 4 filings put their stake at about 1.79%, and other investors, including the public, hold the remaining 23.32%.
Over the past 12 months, 21 insiders reported transactions in First Merchants stock in 76 Form 4 filings.
The insider holdings and trades above for First Merchants reflect Form 4 filings through October 2, 2026.

Form 4 Holdings

Insiders Holding FRME

Insiders 26

Shares held 1.20Mn

Of outstanding 1.93%

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	Mark K Hardwick	Chief Executive Officer	132,620	0	132,620	11.0%	04 Aug, 2026
2	Michael J Stewart	President	115,834	0	115,834	9.6%	04 Aug, 2026
3	Patrick J. Fehring	Director	8,618	91,262	99,880	8.3%	02 Oct, 2025
4	Michael C Rechin	Chief Executive Officer	91,032	0	91,032	7.6%	02 Oct, 2026
5	Larry W Myers	First Vice President	90,838	0	90,838	7.6%	02 Oct, 2026
6	Michele Kawiecki	Chief Financial Officer	72,404	0	72,404	6.0%	04 Aug, 2026
7	John Martin	Chief Credit Officer	71,549	0	71,549	5.9%	04 Aug, 2026
8	Jean L Wojtowicz	Director	68,026	0	68,026	5.7%	02 Oct, 2026
9	Gary Lehman	Director	53,775	0	53,775	4.5%	02 Apr, 2026
10	Patrick A Sherman	Director	51,125	0	51,125	4.3%	03 May, 2022
11	Joseph C Peterson	Chief Commercial Officer	45,482	0	45,482	3.8%	04 Aug, 2026
12	Charles E Schalliol	Chairman Board Of Directors	41,030	0	41,030	3.4%	11 Apr, 2024
13	William L Hoy	Director	33,603	0	33,603	2.8%	04 Apr, 2023
14	Eva D. Scurlock	Chief Risk Officer	31,523	0	31,523	2.6%	12 Aug, 2026
15	Howard Halderman	Director	30,561	0	30,561	2.5%	02 Oct, 2026
16	Michael R Becher	Director	30,307	0	30,307	2.5%	02 Oct, 2026
17	Steven C Harris	Chief Human Resources Officer	22,649	0	22,649	1.9%	04 Aug, 2026
18	Stephan Fluhler	Chief Information Officer	21,694	0	21,694	1.8%	21 Aug, 2026
19	Michael J Fisher	Director	19,658	0	19,658	1.6%	02 Oct, 2026
20	Chad Kimball	Chief Risk Officer	18,090	0	18,090	1.5%	05 Aug, 2025
21	Clark C Kellogg	Director	16,504	0	16,504	1.4%	02 Oct, 2026
22	Susan W Brooks	Director	13,188	0	13,188	1.1%	02 Oct, 2026
23	Jason R Sondhi	Director	10,712	458	11,170	0.9%	02 Oct, 2026
24	Kevin D Johnson	Director	10,068	0	10,068	0.8%	02 Oct, 2026
25	Mung Chiang	Director	8,864	0	8,864	0.7%	02 Jul, 2026
26	Paul G Fultz	Director	1,087	0	1,087	0.1%	02 Oct, 2026

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

2,281 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
30 Sep, 2026	Howard Halderman	Director	Acquired A	589	$39.78	$23.43K	30,561	Direct
30 Sep, 2026	Michael J Fisher	Director	Acquired A	549	$39.78	$21.84K	19,658	Direct
30 Sep, 2026	Susan W Brooks	Director	Acquired A	569	$39.78	$22.63K	13,188	Direct
30 Sep, 2026	Jason R Sondhi	Director	Acquired A	589	$39.78	$23.43K	10,712	Direct
30 Sep, 2026	Larry W Myers	Director	Acquired A	569	$39.78	$22.63K	90,838	Direct
30 Sep, 2026	Jean L Wojtowicz	Director	Acquired A	785	$39.78	$31.23K	68,026	Direct
30 Sep, 2026	Michael C Rechin	Director	Acquired A	608	$39.78	$24.19K	91,032	Direct
30 Sep, 2026	Clark C Kellogg	Director	Acquired A	569	$39.78	$22.63K	16,504	Direct
30 Sep, 2026	Michael R Becher	Director	Acquired A	608	$39.78	$24.19K	30,307	Direct
30 Sep, 2026	Kevin D Johnson	Director	Acquired A	549	$39.78	$21.84K	10,068	Direct
30 Sep, 2026	Paul G Fultz	Director	Acquired A	569	$39.78	$22.63K	1,087	Direct
18 Sep, 2026	Mark K Hardwick	Chief Executive Officer	Acquired A	30	$40.50	$1.23K	3,385	Direct
18 Sep, 2026	Stephan Fluhler	Chief Information Officer	Acquired A	80	$40.50	$3.26K	1,733	Direct
19 Aug, 2026	Stephan Fluhler	Chief Information Officer	Disposed S	4,080	$43.20	$176.26K	21,694	Direct
02 Aug, 2026	Eva D. Scurlock	Chief Risk Officer	Disposed F	224	$43.14	$9.66K	27,523	Direct
03 Aug, 2026	Eva D. Scurlock	Chief Risk Officer	Acquired A	4,000	$43.63	$174.52K	31,523	Direct
02 Aug, 2026	Joseph C Peterson	Chief Commercial Officer	Disposed F	919	$43.14	$39.65K	37,482	Direct
02 Aug, 2026	John Martin	Chief Credit Officer	Disposed F	1,761	$43.14	$75.97K	63,549	Direct
02 Aug, 2026	Stephan Fluhler	Chief Information Officer	Disposed F	1,532	$43.14	$66.09K	20,774	Direct
02 Aug, 2026	Michael J Stewart	President	Disposed F	6,059	$43.14	$261.39K	99,834	Direct

Showing 1 to 20 of 2,281 transactions