Company: FRME
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000712534-25-000077
Chunk: 69

Company: FIRST MERCHANTS CORP
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 69
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000, Mr. Johnson received $6,000, and Mr. Schalliol received $7,500 from FMB for serving as a regional advisory Bank director in 2024. These amounts are included in their total compensation.

(5) Mr. Schalliol retired from the Board on May 7, 2024.

As noted above, no option awards were made to the non-employee directors during 2024. However, in 2014 and preceding years, options to purchase FMC common stock at the closing market price of the shares on the date of the award were automatically made under the LTEIP to non-employee directors each year on July 1. These option awards expire ten years after the date of the award, unless they have been exercised prior to the expiration date.

The aggregate number of option awards outstanding under the LTEIP for each non-employee director at the end of the 2024 fiscal year was as follows:

| Mr. Becher    |     |     0 |
| Ms. Brooks    |     |     0 |
| Dr. Chiang    |     |     0 |
| Mr. Fehring   |     | 4,762 |
| Mr. Fisher    |     |     0 |
| Mr. Halderman |     |     0 |
| Mr. Johnson   |     |     0 |
| Mr. Kellogg   |     |     0 |
| Mr. Lehman    |     |     0 |
| Mr. Rechin    |     |     0 |
| Mr. Schalliol |     |     0 |
| Mr. Sondhi    |     |     0 |
| Ms. Wojtowicz |     |     0 |

#### IX.

#### TRANSACTIONS WITH RELATED PERSONS
Certain directors and executive officers of FMC and their associates are customers of and have had transactions with FMC’s wholly owned subsidiary, First Merchants Bank, from time to time in the ordinary course of business. Additional transactions may be expected to take place in the ordinary course of business in the future. All loans and commitments included in such transactions were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to the lender and did not involve more than the normal risk of collectability or present other unfavorable features.

In accordance with FMC’s Code of Business Conduct, all transactions in which the Company is or is to