Horizon Bancorp Inc /In/: Pay

Horizon Bancorp Inc /In/ paid its 2 named executives $1.4M in total in FY2025 (Dec).

Pay$100 in the stock at the end of FY22 → $95
CEO pay is from each 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.

Pay of each named executive

John R. StewartChief Financial Officer
FY2024 (Dec)
1 year
Thomas M. PramePresident/CEO
FY2023 (Dec)
1 year
Kathie A. DeRuiterEVP, Senior Operations Officer
FY2025 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
4 years
Mark E. SecorEVP, Chief Administration Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Lynn M. KerberEVP, Chief Commercial Banking Officer
FY2023 (Dec)
FY2022 (Dec)Not disclosed
2 years

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 9 peers with pay on file was $1.9M. The CEO of Horizon Bancorp Inc /In/ was paid $2.0M, 2% above the median.

  1. 1Nicolet Bankshares
  2. 2First Busey Corp /NV/
  3. 3First Mid Bancshares
  4. 4German American Bancorp
  5. 5Horizon Bancorp Inc /In/
  6. 6City Holding
  7. 7Mercantile Bank
  8. 8QCR Holdings
  9. 9Midland States Bancorp
  10. 10Peoples Bancorp
  11. 11Byline BancorpNot disclosed
  12. 12Community Trust BancorpNot disclosed
  13. 13Farmers National Banc Corp.Not disclosed
  14. 14Great Southern BancorpNot disclosed
  15. 15Independent BankNot disclosed
  16. 16Lakeland FinancialNot disclosed
  17. 17MidWestOne Financial Group, Inc.Not disclosed
  18. 18Old Second Bancorp, Inc.Not disclosed
  19. 19Park National CorporationNot disclosed
  20. 20Premier Financial Corp.Not disclosed
  21. 21Stock Yards BancorpNot disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.