Company: FRME
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000712534-25-000077
Chunk: 59

Company: FIRST MERCHANTS CORP
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 59
---
 The amount of our CEO’s 2024 total compensation (as reflected on page 37) was $2,079,268 Based on this information, and consistent with Item 402(u) of SEC Regulation S-K, the ratio of our CEO’s total annual compensation to that of the median employee was 35:1.

44 First Merchants Corporation 2025 Proxy Statement

#### PAY VERSUS PERFORMANCE
| PAY VERSUS PERFORMANCE TABLE |     |                                                                      |     |                                                               |     |                                                                                                           |     |                                                                                                    |     |                                                  |     |                                            |     |                   |     |                           |
|                              |     |                                                                      |     |                                                               |     |                                                                                                           |     |                                                                                                    |     | Value of Initial Fixed $100 Investment Based on: |     |                                            |     |                   |     |                           |
| Year                         |     | Summary Compensation Table Total for Principal Executive Officer ($) |     | Compensation Actually Paid to Principal Executive Officer ($) |     | Average Summary Compensation Table Total for Non-Principal Executive Officer Named Executive Officers ($) |     | Average Compensation Actually Paid to Non-Principal Executive Officer Named Executive Officers ($) |     |                     Total Shareholder Return ($) |     | Peer Group Total Shareholder Return ($)(8) |     | Net Income ($000) |     | Earnings Per Share ($)(9) |
| 2024(1)                      |     |                                                            2,079,268 |     |                                                  2,241,828(6) |     |                                                                                                 1,188,353 |     |                                                                                       1,257,011(7) |     |                                           113.97 |     |                                     130.40 |     |           201,400 |     |                      3.41 |
| 2023(2)                      |     |                                                            1,787,750 |     |                                                     1,692,822 |     |                                                                                                   970,092 |     |                                                                                            890,903 |     |                                           101.92 |     |                                     115.64 |     |           223,800 |     |                      3.73 |
| 2022(3)                      |     |                                                            1,868,200 |     |                                                     1,849,910 |     |                                                                                                 1,028,734 |     |                                                                                          1,013,896 |     |                                           108.22 |     |                                     116.10 |     |