FIRST MERCHANTS CORP
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
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 June 30, 2024.
| Period · Total Numberof SharesPurchased (1) · AveragePrice Paidper Share · Total 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) | |||||
|---|---|---|---|---|---|
| April, 2024 | 570,620 | $33.67 | 570,137 | 1,228,319 | |
| May, 2024 | 23,427 | $34.30 | 22,986 | 1,205,333 | |
| June, 2024 | — | $— | — | 1,205,333 | |
| Total | 594,047 | 593,123 | |||
(1) During the three months ended June 30, 2024, there were 593,123 shares repurchased pursuant to the Corporation's share repurchase program described in note (2) below. The amounts in April 2024 and May 2024 also include 483 and 441 shares, respectively, 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 January 27, 2021, the Board of Directors of the Corporation approved a stock repurchase program of up to 3,333,000 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. Since commencing the program, the Corporation has repurchased a total of 2,127,667 shares of common stock for a total aggregate investment of $75.4 million.
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