Last updated: 26 August 2024 at 2:03pm EST

Michael Stewart Net Worth




The estimated Net Worth of Michael J Stewart is at least $5.08 Million dollars as of 29 March 2024. Mr. Stewart owns over 36 units of First Merchants stock worth over $3,169,324 and over the last 16 years he sold FRME stock worth over $1,003,674. In addition, he makes $909,656 as Executive Vice President and Chief Banking Officer at First Merchants.

Mr. Stewart FRME stock SEC Form 4 insiders trading

Michael has made over 25 trades of the First Merchants stock since 2009, according to the Form 4 filled with the SEC. Most recently he bought 36 units of FRME stock worth $1,068 on 29 March 2024.

The largest trade he's ever made was exercising 17,500 units of First Merchants stock on 28 July 2015 worth over $205,100. On average, Michael trades about 585 units every 52 days since 2009. As of 29 March 2024 he still owns at least 88,951 units of First Merchants stock.

You can see the complete history of Mr. Stewart stock trades at the bottom of the page.





Michael Stewart biography

Michael J. Stewart has been appointed as President, Executive Vice President of the Company effective 1/1/2021. Executive Vice President and Chief Banking Officer of FMC since February 2008; Executive Vice President from December 2006 to February 2008 of National City Corp; Executive Vice President and Chief Credit Officer of National City Bank of Indiana from December 2002 to December 2006.

What is the salary of Michael Stewart?

As the Executive Vice President and Chief Banking Officer of First Merchants, the total compensation of Michael Stewart at First Merchants is $909,656. There are 3 executives at First Merchants getting paid more, with Michael Rechin having the highest compensation of $1,702,540.



How old is Michael Stewart?

Michael Stewart is 54, he's been the Executive Vice President and Chief Banking Officer of First Merchants since 2008. There are 15 older and 9 younger executives at First Merchants. The oldest executive at First Merchants Corp. is Patrick Sherman, 72, who is the Independent Director.

What's Michael Stewart's mailing address?

Michael's mailing address filed with the SEC is 200, East Jackson Street, Muncie, Delaware County, Indiana, 47305, United States.

Insiders trading at First Merchants

Over the last 22 years, insiders at First Merchants have traded over $14,540,098 worth of First Merchants stock and bought 132,618 units worth $2,701,211 . The most active insiders traders include H Douglas Chaffin, Michael C Rechin, and Mark K Hardwick. On average, First Merchants executives and independent directors trade stock every 14 days with the average trade being worth of $61,497. The most recent stock trade was executed by Mark K Hardwick on 8 August 2024, trading 11,832 units of FRME stock currently worth $475,883.



What does First Merchants do?

with more than 100 banking locations throughout 27 indiana counties as well as two in both illinois and ohio, we provide our customers with broad financial services delivered locally by bankers who are known and trusted in their communities. first merchants corporation is the largest financial services holding company headquartered in central indiana. bank divisions within the corporation include: first merchants bank lafayette bank & trust first merchants private wealth advisors, one of the largest wealth management companies in indiana. together we offer consumer banking, mortgage banking, business banking, cash management services, and wealth management, and are focused on building deep, lifelong client relationships and providing maximum shareholder value. we are a team of associates who support and expect superior results from our company and ourselves. accountability and execution is the foundation of our success. we provide an experience where customers can bank with their neigh



What does First Merchants's logo look like?

First Merchants Corp. logo

Complete history of Mr. Stewart stock trades at First Merchants

Date
#
Company
Insider
Trans.
Transaction
Shares Price per share Total value Shares after Source
29 Mar 2024 Michael J Stewart
President
Buy 36 $29.67 $1,068
29 Mar 2024
88,951
5 May 2020 Michael J Stewart
President
Sale 3,322 $26.87 $89,262
5 May 2020
0
18 Nov 2019 Michael J Stewart
President
Sale 2,250 $40.62 $91,395
18 Nov 2019
65,933
26 Feb 2018 Michael J Stewart
President
Sale 2,219 $42.60 $94,529
26 Feb 2018
53,486
4 Jan 2018 Michael J Stewart
President
Option 6,000 $25.44 $152,640
4 Jan 2018
63,614
16 Dec 2016 Michael J Stewart
President
Sale 5,000 $36.59 $182,950
16 Dec 2016
50,831
16 Dec 2016 Michael J Stewart
President
Sale 5,000 $36.59 $182,950
16 Dec 2016
50,831
25 Aug 2016 Michael J Stewart
President
Sale 3,500 $27.24 $95,340
25 Aug 2016
55,516
1 Jul 2016 Michael J Stewart
President
Buy 43 $21.13 $909
1 Jul 2016
59,016
1 Apr 2016 Michael J Stewart
President
Buy 45 $20.04 $902
1 Apr 2016
58,813
31 Dec 2015 Michael J Stewart
President
Buy 47 $22.38 $1,052
31 Dec 2015
52,578
30 Sep 2015 Michael J Stewart
President
Buy 47 $21.98 $1,033
30 Sep 2015
48,579
28 Jul 2015 Michael J Stewart
President
Option 17,500 $11.72 $205,100
28 Jul 2015
56,544
30 Jun 2015 Michael J Stewart
President
Buy 45 $20.04 $902
30 Jun 2015
39,044
31 Mar 2015 Michael J Stewart
President
Buy 55 $19.36 $1,065
31 Mar 2015
38,823
31 Dec 2014 Michael J Stewart
President
Buy 48 $18.48 $887
31 Dec 2014
35,047
31 Mar 2014 Michael J Stewart
President
Buy 57 $21.64 $1,233
31 Mar 2014
34,431
31 Dec 2013 Michael J Stewart
President
Buy 53 $17.03 $903
31 Dec 2013
31,640
20 Jun 2013 Michael J Stewart
President
Sale 12,300 $17.00 $209,100
20 Jun 2013
31,291
28 Mar 2013 Michael J Stewart
President
Buy 82 $12.92 $1,059
28 Mar 2013
43,464
25 Feb 2013 Michael J Stewart
President
Sale 3,267 $14.81 $48,384
25 Feb 2013
43,300
31 Dec 2012 Michael J Stewart
President
Buy 71 $12.61 $895
31 Dec 2012
39,887
28 Sep 2012 Michael J Stewart
President
Buy 88 $11.92 $1,049
28 Sep 2012
39,728
4 Aug 2011 Michael J Stewart
President
Sale 1,150 $8.49 $9,764
4 Aug 2011
28,022
19 Feb 2009 Michael J Stewart
President
Buy 400 $11.94 $4,776
19 Feb 2009
4,150


First Merchants executives and stock owners

First Merchants executives and other stock owners filed with the SEC include: