Company: FRME
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000712534-25-000117
Chunk: 101

Company: FIRST MERCHANTS CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Part II, Item 2
Chunk 101
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ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

a. None

b. None

c. Issuer Purchases of Equity Securities

The following table presents information relating to our purchases of equity securities during the three months ended March 31, 2025.

PeriodTotal Numberof SharesPurchased (1)AveragePrice Paidper ShareTotal Number of SharesPurchased as part of Publicly announced Plans or Programs (2)Maximum Number of Sharesthat may yet be PurchasedUnder the Plans or Programs (2)January, 2025— $— — — February, 2025— $— — — March, 2025194,493 $40.68 194,311 2,732,689 Total194,493 194,311 

(1)   During the three months ended March 31, 2025, there were 194,311 shares repurchased pursuant to the Corporation's share repurchase program described in note (2) below.  The amount in March 2025 also includes 182 shares repurchased pursuant to net settlement by employees in satisfaction of income tax withholding obligations incurred through the vesting of the Corporation's restricted stock awards and are not a part of the Corporation's share repurchase program described in note (2) below.

(2) On March 18, 2025, the Board of Directors of the Corporation approved a stock repurchase program of up to 2,927,000 shares of the Corporation's outstanding common stock; provided, however, that the total aggregate investment in shares repurchased under the program may not exceed $100,000,000.  The program does not have an expiration date.  However, it may be discontinued by the Board at any time.  

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4.  MINE SAFETY DISCLOSURES

Not Applicable 

ITEM 5.  OTHER INFORMATION

a. None

b. None

c. During the three months ended March 31, 2025, no director or officer of the Corporation adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.

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PART II: OTHER INFORMATIONITEM 6. EXHIB