First Merchants

First Merchants

FRME· Finance· Fiscal year ends in December

CEO pay in FY2022Stock +1.1% in FY2022

Mark K. Hardwick is the CEO of First Merchants and was paid $1.9M in FY2022 (Dec), up 28%.

Pay$100 in the stock at the end of FY20 → $116
CEO pay is from each First Merchants proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Executives5

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  1. 1Mark K. HardwickFY2022
  2. 2Michael J. StewartFY2022
  3. 3Michele M. KawieckiFY2024
  4. 4Joseph C. PetersonFY2024
  5. 5John J. MartinFY2022

Named executives and their total pay, from the Summary Compensation Table of the latest proxy.

Pay

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First Merchants paid its 2 named executives $2.2M in total in FY2024 (Dec).

Name
Michele M. KawieckiExecutive Vice President and Chief Financial Officer
Joseph C. PetersonExecutive Vice President and Chief Commercial OfficerNot disclosedNot disclosed
Mark K. HardwickChief Executive OfficerNot disclosed
Michael J. StewartPresidentNot disclosed
John J. MartinExecutive Vice President and Chief Credit OfficerNot disclosed

of each named executive, from the Summary Compensation Table of each proxy.

Peers19

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The FY2025 (Dec) proxy of First Merchants names 19 peer companies for pay. Among First Merchants and these peers, CEO pay was the lowest of 10 and total shareholder return was 8th highest of 10.

10th highest of 10in First Merchants and its pay peers, FY2025 (Dec) by CEO pay:

$2.4M$6.2M

8th highest of 10in First Merchants and its pay peers, FY2025 (Dec) by total shareholder return:

$105$208

The comes from the company's proxy. CEO pay and of each company come from its own Pay versus Performance table for the same fiscal year.

Board7

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  • Jean L. WojtowiczChair · 21 yr on the boardIndependentAudit, Compensation and Human Resources (Chair), Nominating and Governance—Paid as an executive
  • F. Howard HaldermanDirector · 12 yr on the boardIndependentRisk and Credit Policy (Chair)—Paid as an executive
  • Michael J. FisherDirector · 8 yr on the boardIndependentCompensation and Human Resources—Paid as an executive
  • Jason R. SondhiDirector · 3 yr on the boardIndependentAudit, Risk and Credit Policy—Paid as an executive
  • Kevin D. JohnsonDirector · 3 yr on the boardIndependentNominating and Governance—Paid as an executive
  • Larry W. MyersDirector · -1 yr on the boardNot independentRisk and Credit Policy—Paid as an executive

The board of the latest proxy (FY2025).

Shared directors

Activity

Filings6

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Proxy statementDEF 14AApr 3, 2026FY2025
Annual report10-KFeb 25, 2026FY2025
Proxy statementDEF 14AApr 1, 2025FY2024
Annual report10-KFeb 24, 2025FY2024
Proxy statementDEF 14AMar 27, 2024FY2023
Annual report10-KFeb 29, 2024FY2023
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