secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MERCHANTS CORP (FRME)
CIK:        0000712534
Form:       8-K
Filed at:   2026-02-06T23:59:59+00:00
Accession:  0000712534-26-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Merchants adopts 2026 incentive plan for NEOs with EPS-based metrics
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712534/000071253426000015/0000712534-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712534/000071253426000015/frme-20260203.htm
  HTML page:      https://secwatch.observer/filing/0000712534-26-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer