Michael C. Rechin is CEO at FIRST MERCHANTS CORP (FRME). They have made 12 open-market trades across 1 company since 2007, most recently 2026-09-30.
CIK 0001344155
Unrated. We grade insiders only on stock they chose to buy on the open market. Grants, option exercises and vesting say nothing about timing, so they don't count — which is why someone can file often and still have no grade. It isn't a bad sign: unrated buys beat every graded tier below A.
5 open-market purchases totalling $92K since 2007, against 7 sales. Across 5 scored buys the stock is down 1.8% at ninety days, and 2.0 points behind the S&P over the same stretch.
5 scored purchases · one row per filing · discretionary only
| Ticker | Shares | Value |
|---|---|---|
| FRME | 91,031 | $3.6M |
Shares reported on the most recent Form 4, priced at the 2026-10-02 close.
| 7d | 30d | 90d | |
|---|---|---|---|
| Accuracy | 0% | 0% | 0% |
| Avg Move | -8.8% | -1.8% | -1.8% |
| Alpha | -2.9% | -2.0% | -2.0% |
| Scored | 5 | 5 | 5 |
| Ticker | Type | Traded | Filed | Price | Value | 7d Stock | 30d Stock | 90d Stock |
|---|---|---|---|---|---|---|---|---|
| FRME | SELL | 2023-12-19 | 2023-12-21 | $37.05 | $371K | -3.3% | -1.6% | -8.1% |
| FRME | SELL | 2020-05-20 | 2020-05-22 | $25.40 | $254K | +11.0% | +3.0% | -4.4% |
| FRME | SELL | 2018-08-20 | 2018-08-22 | $48.63 | $729K | -2.3% | -3.1% | -17.3% |
| FRME | SELL | 2017-11-21 | 2017-11-22 | $41.41 | $442K | +3.9% | +4.7% | +1.3% |
| FRME | SELL | 2017-03-01 | 2017-03-03 | $40.67 | $1.1M | -0.4% | -2.7% | -0.2% |
| FRME | SELL | 2016-11-29 | 2016-12-01 | $34.14 | $868K | +5.4% | +8.4% | +17.0% |
| FRME | SELL | 2013-02-25 | 2013-02-27 | $14.81 | $70K | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2011-08-05 | 2011-08-08 | $8.30 | $17K | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2009-11-06 | 2009-11-09 | $5.83 | $14K | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2007-08-01 | 2007-08-08 | $19.95 | $20K | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2007-07-31 | 2007-08-03 | $19.95 | $20K | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2007-07-27 | 2007-07-30 | $21.73 | $22K | -8.8% | -1.8% | -1.8% |
Grouped by shared companies and similar filing behaviour. This is a similarity measure, not a ranking or a performance signal.