Michael J. Stewart is President at FIRST MERCHANTS CORP (FRME). They have made 24 open-market trades across 1 company since 2009, most recently 2026-08-03.
CIK 0001425324
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.
14 open-market purchases totalling $18K since 2009, against 10 sales. Across 14 scored buys the stock is down 0.6% at ninety days, and 1.9 points behind the S&P over the same stretch.
14 scored purchases · one row per filing · discretionary only
| Ticker | Shares | Value |
|---|---|---|
| FRME | 115,833 | $4.9M |
Shares reported on the most recent Form 4, priced at the 2026-08-04 close.
| 7d | 30d | 90d | |
|---|---|---|---|
| Accuracy | 14% | 21% | 14% |
| Avg Move | -6.1% | -0.4% | -0.6% |
| Alpha | -1.9% | -0.5% | -1.9% |
| Scored | 14 | 14 | 14 |
| Ticker | Type | Traded | Filed | Price | Value | 7d Stock | 30d Stock | 90d Stock |
|---|---|---|---|---|---|---|---|---|
| FRME | SELL | 2024-12-16 | 2024-12-17 | $43.73 | $634K | -7.1% | -7.3% | -5.6% |
| FRME | BUY | 2024-03-29 | 2024-04-02 | $29.67 | $1K | -1.2% | +2.7% | -2.1% |
| FRME | SELL | 2020-05-05 | 2020-05-21 | $26.87 | $179K | +12.9% | +5.6% | +0.4% |
| FRME | SELL | 2019-11-18 | 2019-11-20 | $40.62 | $91K | -2.9% | +2.3% | +0.5% |
| FRME | SELL | 2018-02-26 | 2018-02-28 | $42.60 | $189K | +7.2% | -0.0% | +9.4% |
| FRME | SELL | 2016-12-16 | 2016-12-20 | $36.59 | $366K | +2.2% | -3.7% | +7.9% |
| FRME | SELL | 2016-08-25 | 2016-08-29 | $27.24 | $95K | -1.0% | -1.8% | +23.6% |
| FRME | SELL | 2016-08-25 | 2016-08-29 | $27.24 | $95K | -1.0% | -1.8% | +23.6% |
| FRME | BUY | 2016-07-01 | 2016-07-05 | $21.13 | $909 | +6.0% | +8.6% | +9.4% |
| FRME | BUY | 2016-04-01 | 2016-04-04 | $20.04 | $902 | +4.7% | +8.5% | +5.4% |
| FRME | BUY | 2015-12-31 | 2016-01-05 | $22.38 | $1K | -7.3% | -8.2% | -4.1% |
| FRME | BUY | 2015-09-30 | 2015-10-02 | $21.98 | $1K | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2015-06-30 | 2015-07-02 | $20.04 | $902 | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2015-03-31 | 2015-04-02 | $19.36 | $1K | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2014-12-31 | 2015-01-05 | $18.48 | $887 | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2014-03-31 | 2014-04-02 | $21.64 | $1K | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2013-12-31 | 2014-01-03 | $17.03 | $903 | -8.8% | -1.8% | -1.8% |
| FRME | SELL | 2013-06-20 | 2013-06-24 | $17.00 | $209K | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2013-03-28 | 2013-04-01 | $12.92 | $1K | -8.8% | -1.8% | -1.8% |
| FRME | SELL | 2013-02-25 | 2013-02-27 | $14.81 | $48K | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2012-12-31 | 2013-01-03 | $12.61 | $895 | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2012-09-28 | 2012-10-02 | $11.92 | $1K | -8.8% | -1.8% | -1.8% |
| FRME | SELL | 2011-08-04 | 2012-01-03 | $8.49 | $10K | -8.8% | -1.8% | -1.8% |
| FRME | BUY | 2009-02-19 | 2009-02-23 | $11.94 | $5K | -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.