Mercantile Bank paid its 5 named executives $4.8M in total in FY2025 (Dec). CEO Raymond E. Reitsma was paid $1.8M of that.
Pay$100 in the stock at the end of FY20 → $191
Pay of each named executive
Raymond E. ReitsmaPresident and Chief Executive Officer of Mercantile and
| FY2025 (Dec) | |||||||
| FY2024 (Dec) | |||||||
| FY2023 (Dec) | |||||||
| FY2022 (Dec) | Not disclosed | ||||||
| FY2021 (Dec) | Low confidence | Low confidence | Low confidence | Not disclosed |
5 years
Charles E. ChristmasExecutive Vice President, Chief Financial Officer and Treasurer of Mercantile, Executive Vice President and Chief Financial Officer of Mercantile Bank, and Chief Financial Officer of EMB
| FY2025 (Dec) | |||||||
| FY2024 (Dec) | |||||||
| FY2023 (Dec) | |||||||
| FY2022 (Dec) | Not disclosed | ||||||
| FY2021 (Dec) | Low confidence | Low confidence | Low confidence | Not disclosed |
5 years
Mark S. AugustynExecutive Vice President, Chief Commercial Banking Officer of of Mercantile Bank
| FY2025 (Dec) | |||||||
| FY2024 (Dec) |
2 years
Scott P. SetlockExecutive Vice President, Chief Operating Officer and Secretary of Mercantile and of Mercantile Bank
| FY2025 (Dec) | |||||||
| FY2024 (Dec) |
2 years
Brett E. HooverExecutive Vice President, Chief Human Resource Officer of Mercantile and of Mercantile Bank
| FY2025 (Dec) | |||||||
| FY2024 (Dec) | |||||||
| FY2023 (Dec) | |||||||
| FY2022 (Dec) | Not disclosed | ||||||
| FY2021 (Dec) | Low confidence | Low confidence | Not disclosed |
5 years
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.