FLUHLER STEPHAN 4
4 · FIRST MERCHANTS CORP · Filed Dec 22, 2025
Insider Transaction Report
Form 4
FLUHLER STEPHAN
Chief Information OfficerOther
Transactions
- Award
Phantom Stock
2025-12-19$38.08/sh+17.585$670→ 1,268.013 total→ Common Stock (17.585 underlying) - Award
Phantom Stock
2025-12-22$38.08/sh+71.983$2,741→ 1,339.996 total→ Common Stock (71.983 underlying)
Footnotes (1)
- [F1]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.