The charts on this page feature a breakdown of the total annual pay for the top executives at FIRST MERCHANTS CORP as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. FIRST MERCHANTS CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. FIRST MERCHANTS CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

Name And Title Total Cash Equity Other Total Compensation
Mark K. Hardwick
Chief Executive Officer
Total Cash $1,032,546 Equity $362,695 Other $59,246 Total Compensation $1,454,487
Michael J. Stewart
President
Total Cash $898,905 Equity $330,692 Other $64,070 Total Compensation $1,293,667
John J. Martin
Executive Vice President and Chief Credit Officer
Total Cash $542,097 Equity $433,117 Other $53,658 Total Compensation $1,028,872
Stephan H. Fluhler
Senior Vice President and Chief Information Officer
Total Cash $489,717 Equity $337,960 Other $37,458 Total Compensation $865,135
Michele M. Kawiecki
Executive Vice President and Chief Financial Officer
Total Cash $552,979 Equity $433,967 Other $48,574 Total Compensation $1,035,520
For its 2021 fiscal year, FIRST MERCHANTS CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
CEO Name CEO Pay Median Employee Pay CEO Pay Ratio
Mark K. Hardwick CEO Pay $1,454,487 Median Employee Pay $48,488 CEO Pay Ratio 30:1
For its 2021 fiscal year, FIRST MERCHANTS CORP, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
Charles E. Schalliol Total Cash $171,811
Clark C. Kellogg Total Cash $125,969
F. Howard Halderman Total Cash $139,907
Gary J. Lehman Total Cash $134,503
Jean L. Wojtowicz Total Cash $140,228
Michael C. Rechin Total Cash $119,057
Michael J. Fisher Total Cash $119,503
Michael R. Becher Total Cash $135,196
Patrick A. Sherman Total Cash $129,765
Susan W. Brooks Total Cash $115,710
William L. Hoy Total Cash $126,503

This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.

A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.