Mark K. Hardwick - 18 Mar 2024 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	$944	+28.6	+0.94%	$33.01	3.08K	18 Mar 2024	Common Stock	28.6		Direct	F1

* 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.