First Merchants Corporation
Ownership
Ownership Structure
Who owns First Merchants Corporation (FRME)? This page shows the largest institutions and funds, the ownership structure and the latest insider transactions. 97.1% of the shares are freely tradable; institutional investors hold 75.3%.
Largest Shareholders
Institutions
| Name | Stake (%) | Shares | Change (%) | Date |
|---|---|---|---|---|
| BlackRock Inc | 8.48 | 5,324,728 | +8.7 | 06/30/2026 |
| Dimensional Fund Advisors, Inc. | 5.88 | 3,689,776 | +2.6 | 06/30/2026 |
| Vanguard Portfolio Management, LLC | 5.42 | 3,402,832 | +1.3 | 06/30/2026 |
| Vanguard Capital Management, LLC | 4.33 | 2,720,680 | -0.4 | 06/30/2026 |
| State Street Corp | 4.06 | 2,551,308 | +13.9 | 06/30/2026 |
| Earnest Partners LLC | 3.46 | 2,174,024 | -3.6 | 06/30/2026 |
| Geode Capital Management, LLC | 2.66 | 1,670,991 | +6.2 | 06/30/2026 |
Funds
| Name | Stake (%) | Shares | Change (%) | Date |
|---|---|---|---|---|
| Vanguard MStar Total Stk Mkt Idx Invest | 3.07 | 1,925,986 | +0.7 | 09/30/2026 |
| iShares Russell 2000 ETF | 2.66 | 1,668,550 | +1.9 | 09/30/2026 |
| Vanguard Small Cap Index | 2.14 | 1,343,543 | -2.4 | 09/30/2026 |
Largest reported positions according to regulatory filings; stake as a percentage of shares outstanding, change versus the previous filing. Source: fundamentals data.
Insider holdings
| Person | Role | Shares | Value | As of | Type |
|---|---|---|---|---|---|
| Hardwick Mark K | Chief Executive Officer | 132,620 | 5,556,770 $ | Aug 3, 2026 | direct |
| Stewart Michael J | President | 115,834 | 4,853,439 $ | Aug 3, 2026 | direct |
| Rechin Michael C | Director | 91,032 | 3,814,235 $ | Sep 30, 2026 | direct |
| Myers Larry W | Director | 90,838 | 3,806,112 $ | Sep 30, 2026 | direct |
| Kawiecki Michele | Chief Financial Officer | 72,404 | 3,033,747 $ | Aug 3, 2026 | direct |
| Martin John | Chief Credit Officer | 71,549 | 2,997,923 $ | Aug 3, 2026 | direct |
| Wojtowicz Jean L | Director | 68,026 | 2,850,282 $ | Sep 30, 2026 | direct |
| Peterson Joseph C | Chief Commercial Officer | 45,482 | 1,905,712 $ | Aug 3, 2026 | direct |
| Halderman Howard | Director | 30,561 | 1,280,500 $ | Sep 30, 2026 | direct |
| Becher Michael R | Director | 30,307 | 1,269,880 $ | Sep 30, 2026 | direct |
| Scurlock Eva D. | Chief Risk Officer | 28,223 | 1,182,525 $ | Aug 3, 2026 | direct |
| Fluhler Stephan | Chief Information Officer | 25,774 | 1,079,919 $ | Aug 3, 2026 | direct |
| Harris Steven C | Chief Human Resources Officer | 22,649 | 948,975 $ | Aug 3, 2026 | direct |
| Fisher Michael J | Director | 19,658 | 823,651 $ | Sep 30, 2026 | direct |
| Kellogg Clark C | Director | 16,503 | 691,496 $ | Sep 30, 2026 | direct |
Holdings as of each person's most recent SEC Form 4 filing — excluding options and RSUs, which are not shares yet. Holdings may have changed between two filings.
Insiders
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 30, 2026 | Fultz Paul G | Director | Other | 569 | 39.78 | 22,635 |
| Sep 30, 2026 | Johnson Kevin D | Director | Other | 549 | 39.78 | 21,839 |
| Sep 30, 2026 | Sondhi Jason R | Director | Other | 589 | 39.78 | 23,430 |
| Sep 30, 2026 | Brooks Susan W | Director | Other | 569 | 39.78 | 22,635 |
| Sep 30, 2026 | Kellogg Clark C | Director | Other | 569 | 39.78 | 22,635 |
| Sep 30, 2026 | Fisher Michael J | Director | Other | 549 | 39.78 | 21,839 |
| Sep 30, 2026 | Halderman Howard | Director | Other | 589 | 39.78 | 23,430 |
| Sep 30, 2026 | Becher Michael R | Director | Other | 608 | 39.78 | 24,186 |
| Sep 30, 2026 | Myers Larry W | Director | Other | 569 | 39.78 | 22,635 |
| Sep 30, 2026 | Rechin Michael C | Director | Other | 608 | 39.78 | 24,186 |
| Sep 30, 2026 | Wojtowicz Jean L | Director | Other | 785 | 39.78 | 31,227 |
| Aug 3, 2026 | Peterson Joseph C | Chief Commercial Officer | Other | 8,000 | 43.63 | 349,040 |
| Aug 3, 2026 | Scurlock Eva D. | Chief Risk Officer | Other | 700 | 43.63 | 30,541 |
| Aug 3, 2026 | Harris Steven C | Chief Human Resources Officer | Other | 3,000 | 43.63 | 130,890 |
| Aug 3, 2026 | Kawiecki Michele | Chief Financial Officer | Other | 13,000 | 43.63 | 567,190 |
| Aug 3, 2026 | Fluhler Stephan | Chief Information Officer | Other | 5,000 | 43.63 | 218,150 |
| Aug 3, 2026 | Martin John | Chief Credit Officer | Other | 8,000 | 43.63 | 349,040 |
| Aug 3, 2026 | Stewart Michael J | President | Other | 16,000 | 43.63 | 698,080 |
| Aug 3, 2026 | Hardwick Mark K | Chief Executive Officer | Other | 21,000 | 43.63 | 916,230 |
| Aug 2, 2026 | Peterson Joseph C | Chief Commercial Officer | Other | 919 | 43.14 | 39,646 |
| Aug 2, 2026 | Scurlock Eva D. | Chief Risk Officer | Other | 224 | 43.14 | 9,663 |
| Aug 2, 2026 | Harris Steven C | Chief Human Resources Officer | Other | 612 | 43.14 | 26,402 |
| Aug 2, 2026 | Kawiecki Michele | Chief Financial Officer | Other | 2,910 | 43.14 | 125,537 |
| Aug 2, 2026 | Fluhler Stephan | Chief Information Officer | Other | 1,532 | 43.14 | 66,090 |
| Aug 2, 2026 | Martin John | Chief Credit Officer | Other | 1,761 | 43.14 | 75,970 |
| Aug 2, 2026 | Stewart Michael J | President | Other | 6,059 | 43.14 | 261,385 |
| Aug 2, 2026 | Hardwick Mark K | Chief Executive Officer | Other | 5,821 | 43.14 | 251,118 |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character. View all insider transactions →
Data as of: November 4, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.