Company: FRME
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000712534-25-000077
Chunk: 68

Company: FIRST MERCHANTS CORP
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 68
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 |      122,605 |     |                    11,712 |     |  207,962 |

(1) The grant date fair value of the 2024 quarterly restricted stock awards to the directors was as follows:

| March 31, 2024     |     | $34.90/share |
| June 30, 2024      |     | $33.29/share |
| September 30, 2024 |     | $37.20/share |
| December 31, 2024  |     | $39.89/share |

A discussion of the assumptions used in calculating these values is contained in Note 17 to the 2024 audited financial statements, on pages 98 and 99 of FMC’s Annual Report on Form 10-K for the year ended December 31, 2024.

(2) The aggregate number of stock awards that had not vested under the ECPND at the end of the 2024 fiscal year for each non-employee director was as follows:

| Mr. Becher    |     | 7,870 |       |
| Ms. Brooks    |     | 7,255 |       |
| Dr. Chiang    |     |       | 5,419 |
| Mr. Fehring   |     | 6,863 |       |
| Mr. Fisher    |     | 7,067 |       |
| Mr. Halderman |     | 7,643 |       |
| Mr. Johnson   |     | 6,132 |       |
| Mr. Kellogg   |     | 7,294 |       |
| Mr. Lehman    |     | 7,067 |       |
| Mr. Rechin    |     | 7,464 |       |
| Mr. Schalliol |     | 8,342 |       |
| Mr. Sondhi    |     | 6,495 |       |
| Ms. Wojtowicz |     | 9,264 |       |

52 First Merchants Corporation 2025 Proxy Statement

(3) The dollar amounts shown under “ All Other Compensation ” represent the dividends paid during 2024 on the stock awards to the non-employee directors under the ECPND.

(4) In addition to their compensation for serving as FMC directors, Mr. Halderman received $7,500, Mr. Kellogg received $1,500, Mr. Lehman received $15,