Company: FRME
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000712534-25-000077
Chunk: 62

Company: FIRST MERCHANTS CORP
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 62
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 average of Summary Compensation Table "Total" for the Company's non-PEO NEOs are as follows:

| Year |     | Average Reported Summary Compensation Table Total for Non-Principal Executive Officers |     | Average Reported Value of Equity Awards ($) (a) |     | Average Equity Award Adjustments ($) (b) |     | Average Reported Change in the Actuarial Present Value of Pension Benefits ($) (c) |     | Average Pension Benefit Adjustments ($) (d) |     | Average Compensation Actually Paid to Non-Principal Executive Officers ($) |
| 2024 |     |                                                                              1,188,353 |     |                                        -406,575 |     |                                  475,233 |     |                                                                                  0 |     |                                           0 |     |                                                                  1,257,011 |

(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.

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

| Year |     | Average Year-End Fair Value of Equity Awards Granted during the Year ($) |     | Average Year-Over-Year Change in Fair Value of Outstanding and Unvested Equity Awards ($) |     | Average Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($) |     | Average Year-Over-Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($) |     | Average Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($) |     | Average Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation ($) |     | Average Total Equity Award Adjustments ($) |
| 2024 |     |                                                                  448,763 |     |                                                                                    38,286 |     |                                                                                         0 |     |                                                                                                         -11,816 |     |                                                                                                                       0 |     |                                                                                                                                           0 |     |                                    475,233 |

(c) The amounts in this column represent the amounts reported in "Change in Pension and Nonqualified Deferred Compensation" column of the Summary Compensation Table.

(d) The Service Cost and Prior Service Cost for 2024 is $ 0because the 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