Company: FRME
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000712534-25-000077
Chunk: 52

Company: FIRST MERCHANTS CORP
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 52
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 the NEOs for 2024 performance under the SMICP are shown in the Non-equity Incentive Plan Compensation column of the Summary Compensation Table on page 37.

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END TABLE

The following table provides information concerning unexercised stock options, stock awards that have not vested, and equity incentive plan awards for each of the NEOs outstanding as of the end of the Company’s 2024 fiscal year.

<div align='center'>OUTSTANDING EQUITY AWARDS AT END OF 2024 FISCAL YEAR</div>

|                     |     | Option Awards                                                   |     |          |     | Stock Awards |     |                                                        |     |                                                              |
| Name                |     | Number ofSecuritiesUnderlyingUnexercisedOptions(Exercisable)(1) |     | Option   
 Exercise 
 Price    |     | Option       
 Expiration   
 Date         |     | Number ofShares or Unitsof Stock ThatHave NotVested(2) |     | Market Valueof Shares orUnits of StockThat Have NotVested(3) |
| Mark K. Hardwick    |     |                                                                 |     |          |     |              |     |                                                 58,067 |     |                                                   $2,316,292 |
| Michael J. Stewart  |     |                                                                 |     |          |     |              |     |                                                 40,835 |     |                                                    1,628,908 |
| Michele M. Kawiecki |     |                                                                 |     |          |     |              |     |                                                 36,768 |     |                                                    1,466,675 |
| John J. Martin      |     |                                                                 |     |          |     |              |     |                                                 26,379 |     |                                                    1,052,358 |
| Joseph C. Peterson  |     |                                                                 |     |          |     |              |     |                                                 19,271 |     |                                                      768,720 |

40 First Merchants Corporation 2025 Proxy Statement

(1) None of the NEOs had unexercised option awards at the end of the 2024 fiscal year.

(2) The vesting dates of the stock awards that had not vested at the end of the 2024 fiscal year are:

Mr. Hardwick

16,519 shares will vest on August 3, 2025

20,174 shares will vest on August 2,