Stephan Fluhler - Nov 19, 2021 Form 4 Insider Report for FIRST MERCHANTS CORP (FRME)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FRME	Phantom Stock	Award	$1.11K	+26.3	+8.11%	$42.27	351	Nov 19, 2021	Common Stock	26.3		Direct	F1

Showing 1 to 1 of 1 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
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.