Company: FRME
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000712534-25-000077
Chunk: 51

Company: FIRST MERCHANTS CORP
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 51
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13,725 (2022), $14,850 (2023), and $15,525 (2024)

• Reinvested dividends on restricted stock awards valued at $24,333 (2022), $33,728 (2023), and $45,081 (2024)

• Perquisites of $16,151 (car allowance and country club dues)

Mr. Martin

• §401(k) Plan FMC matching contributions of $13,725 (2022), $14,850 (2023), and $15,525 (2024)

• Additional §401(k) Plan FMC contributions of $5,800 (2022), $6,100 (2023), and $6,600 (2024)

• Reinvested dividends on restricted stock awards valued at $31,004 (2022), $30,230 (2023), and $33,421 (2024)

• Perquisites of $4,723 (car allowance)

Mr. Peterson

• §401(k) Plan FMC matching contributions of $15,525 (2024)

• Reinvested dividends on restricted stock awards valued at $21,497 (2024)

(5) Mr. Peterson was not an NEO in 2022 and 2023.

The Company does not have employment agreements with any of the NEOs.

39 First Merchants Corporation 2025 Proxy Statement

#### GRANTS OF PLAN-BASED AWARDS TABLE
The following table provides information concerning all of the grants of plan-based awards made to the NEOs for 2024. The non-equity incentive plan awards were made under the SMICP, and the stock awards were grants of restricted stock made under the LTEIP. No stock option awards were made to any of the NEOs for 2024. The SMICP and the LTEIP are described in the Compensation Discussion and Analysis , on pages 28-43.

#### GRANTS OF PLAN-BASED AWARDS FOR 2024
|                             |     |          |     | Estimated Future Payouts UnderNon-equity Incentive Plan Awards(1) |     |          |     |            |     | All Other Stock Awards; Number 
                      of Shares 
                       of Stock |     | Grant Date Fair Value of 
             Stock Awards |
| Name                        |     | Grant    
 Date     |     |                                                         Threshold |     |   Target |     |    Maximum |     |                                |     |                          |
| Mark K. Hardwick