Company: FRME
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000712534-25-000077
Chunk: 61

Company: FIRST MERCHANTS CORP
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 61
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 Value of Equity Awards ($) (a) |     | Equity Award Adjustments ($) (b) |     | Reported Change in the Actuarial Present Value of Pension Benefits ($) (c) |     | Pension Benefit Adjustments ($) (d) |     | Compensation Actually Paid to Principal Executive Officer ($) |
| 2024 |     |                                                                     2,079,268 |     |                                -758,940 |     |                          921,500 |     |                                                                          0 |     |                                   0 |     |                                                     2,241,828 |

(a) The reported value of equity awards represents the grant date fair value of equity awards as reported in the "Stock Awards" column of the Summary Compensation Table for each applicable year.

(b) The amounts deducted or added in calculating the equity award adjustments are as follows:

45 First Merchants Corporation 2025 Proxy Statement

| Year |     | Year-End Fair Value of Equity Awards Granted during the Year ($) |     | Year-Over-Year Change in Fair Value of Outstanding and Unvested Equity Awards ($) |     | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($) |     | Year-Over-Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($) |     | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($) |     | Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation ($) |     | Total Equity Award Adjustments ($) |
| 2024 |     |                                                          837,690 |     |                                                                            95,540 |     |                                                                                 0 |     |                                                                                                 -11,730 |     |                                                                                                               0 |     |                                                                                                                                   0 |     |                            921,500 |

(c) The amounts in this column, if any, represent the amounts reported in "Change in Pension and Nonqualified Deferred Compensation" column of the Summary Compensation Table for each applicable year.

(d) The Service Cost and Prior Service Cost for 2024 is $ 0because the First Merchants Corporation Retirement Pension Plan ("Pension Plan") benefit accruals were frozen in such year. In addition, no amendments were made to the Pension Plan for such year that generated a Prior Service Cost base under ASC 715, and therefore, there is no Pension Plan adjustment applicable to Compensation Actually Paid.

(7) The adjustments made to the