{"schema_version":"secwatch.filing_event.v1","accession":"0000712534-26-000015","form_type":"8-K","ticker":"FRME","cik":"0000712534","company_name":"FIRST MERCHANTS CORP","filed_at":"2026-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.517048+00:00","generated_at":"2026-05-16T04:12:48.292661+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"First Merchants adopts 2026 incentive plan for NEOs with EPS-based metrics","bullets":["CEO Hardwick: threshold 40%, target 80%, maximum 160% of base salary based on diluted GAAP EPS.","President Stewart and CFO Kawiecki: target 60%, maximum 120% of base salary.","Chief Credit Officer Martin and Chief Commercial Officer Peterson: target 50%, maximum 100%.","Peterson's payout weighted 70% on corp EPS and 30% on Commercial line revenue and net contribution.","All payments subject to clawback if based on materially inaccurate financial statements."],"urls":{"canonical":"https://secwatch.observer/filing/0000712534-26-000015","json":"https://secwatch.observer/filing/0000712534-26-000015.json","markdown":"https://secwatch.observer/filing/0000712534-26-000015.md","text":"https://secwatch.observer/filing/0000712534-26-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/712534/000071253426000015/0000712534-26-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/712534/000071253426000015/frme-20260203.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T04:12:48.292661+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}