Michael C. Rechin
Net Worth

Last updated:

What is Michael C. Rechin net worth?

The estimated net worth of Mr. Michael C. Rechin is at least $24,085,214 as of 19 Dec 2023. He owns shares worth $3,409,287 as insider, has earned $2,748,287 from insider trading and has received compensation worth at least $17,927,640 in First Merchants Corporation.

What is the salary of Michael C. Rechin?

Mr. Michael C. Rechin salary is $995,980 per year as Advisor & Director in First Merchants Corporation.

How old is Michael C. Rechin?

Mr. Michael C. Rechin is 66 years old, born in 1959.

What stocks does Michael C. Rechin currently own?

As insider, Mr. Michael C. Rechin owns shares in one company:

Company Title Shares Price per share Total value
First Merchants Corporation (FRME) Advisor & Director 85,833 $39.72 $3,409,287

What does First Merchants Corporation do?

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

FRME logo
FRME
First Merchants Corporation
$39.72

Michael C. Rechin insider trading

First Merchants Corporation

Mr. Michael C. Rechin has made 7 insider trades between 2007-2023, according to the Form 4 filled with the SEC. Most recently he sold 10,000 units of FRME stock worth $370,500 on 19 Dec 2023.

The largest trade he's ever made was exercising 25,300 units of FRME stock on 29 Nov 2016. As of 19 Dec 2023 he still owns at least 85,833 units of FRME stock.

Transaction Date Security Shares Price per share Total value Source
Sale
Common Stock 10,000 $37.05 $370,500
Sale
Common Stock 10,000 $25.4 $254,040
Sale
Common Stock 15,000 $48.63 $729,465
Sale
Common Stock 5,332 $41.41 $220,814
Sale
Common Stock 16,461 $40.67 $669,469
Option
Common Stock 20,000 $34.46 $689,200
Option
Employee Stock Option (right to buy) 15,000 $28.25 $423,750
Option
Common Stock 25,300 $18.85 $476,779
Option
Employee Stock Option (right to buy) 12,000 $26.31 $315,720
Sale
Common Stock 12,713 $34.14 $434,022
Option
Employee Stock Option (right to buy) 20,000 $11.14 $222,800
Option
Common Stock 20,000 $11.14 $222,800
Sale
Common Stock 4,725 $14.81 $69,977
Purchase
Common Stock 2,012 $8.3 $16,700
Purchase
Common Stock 2,359 $5.83 $13,753
Purchase
Common Stock 1,000 $19.95 $19,950
Purchase
Common Stock 1,000 $19.95 $19,950
Purchase
Common Stock 1,000 $21.73 $21,730

First Merchants key executives

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