Company: FRME
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000712534-25-000077
Chunk: 54

Company: FIRST MERCHANTS CORP
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 54
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 Michael J. Stewart  |     |                                       |     |                            |     |                                      |     |                        8,638 |     |  308,393 |
| Michele M. Kawiecki |     |                                       |     |                            |     |                                      |     |                        5,851 |     |  208,911 |
| John J. Martin      |     |                                       |     |                            |     |                                      |     |                        4,458 |     |  159,170 |
| Joseph C. Peterson  |     |                                       |     |                            |     |                                      |     |                        1,114 |     |   39,792 |

41 First Merchants Corporation 2025 Proxy Statement

(1) The vesting date for the applicable stock award was August 10, 2024. The value realized on vesting was computed by multiplying the number of shares that vested by the market value of the shares ($35.70/share) on the vesting date.

#### PENSION BENEFITS TABLE
The following table provides information concerning the Pension Plan with respect to each of the NEOs as of December 31, 2024.

### PENSION BENEFITS
| Name                |     | Plan Name                   |     | Number of Years Credited Service(1) |     | Present Value of Accumulated Benefit(2) |     | Payments During Last Fiscal Year |
| Mark K. Hardwick    |     | FMC Retirement Pension Plan |     |                                7.32 |     |                                 $56,348 |     |                               $0 |
| Michael J. Stewart  |     | N/A                         |     |                                 N/A |     |                                     N/A |     |                              N/A |
| Michele M. Kawiecki |     | N/A                         |     |                                 N/A |     |                                     N/A |     |                              N/A |
| John J. Martin      |     | N/A                         |     |                                 N/A |     |                                     N/A |     |                              N/A |
| Joseph C. Peterson  |     | N/A                         |     |                                 N/A |     |                                     N/A |     |                              N/A |

(1) Mr. Stewart, Ms. Kawiecki, Mr. Martin, and Mr. Peterson are not participants in the Pension Plan, because they were not employed by the Company on March 1, 2005, when the Pension Plan was frozen. Mr. Hardwick