Data Year:

For its 2025 fiscal year, FIRST MERCHANTS CORP, listed the following executives on its annual proxy statement to the SEC

Equity
Cash Compensation
Other
Fiscal Year Ended in 2025
Name And Title Total Compensation Pay Rank By Title
Mark K. Hardwick
Chief Executive Officer
Total Compensation $2,390,602 View details Pay Rank By Title #3104 View more
Michael J. Stewart
President
Total Compensation $1,751,499 View details Pay Rank By Title #609 View more
John J. Martin
Executive Vice President and Chief Credit Officer
Total Compensation $1,045,915 View details Pay Rank By Title #1519 View more
Michele M. Kawiecki
Executive Vice President and Chief Financial Officer
Total Compensation $1,369,650 View details Pay Rank By Title #2586 View more
Joseph C. Peterson
Executive Vice President and Chief Commercial Officer
Total Compensation $983,176 View details Pay Rank By Title #1552 View more

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 $1,484,462 Equity $787,290 Other $118,850 $2,390,602
Michael J. Stewart
President
Total Cash $1,050,863 Equity $599,840 Other $100,796 $1,751,499
John J. Martin
Executive Vice President and Chief Credit Officer
Total Cash $679,480 Equity $299,920 Other $66,515 $1,045,915
Michele M. Kawiecki
Executive Vice President and Chief Financial Officer
Total Cash $790,184 Equity $487,370 Other $92,096 $1,369,650
Joseph C. Peterson
Executive Vice President and Chief Commercial Officer
Total Cash $631,182 Equity $299,920 Other $52,074 $983,176
For its 2025 fiscal year, FIRST MERCHANTS CORP, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
Clark C. Kellogg Total Cash $155,674
F. Howard Halderman Total Cash $168,614
Gary J. Lehman Total Cash $165,313
Jason R. Sondhi Total Cash $160,402
Jean L. Wojtowicz Total Cash $213,796
Kevin D. Johnson Total Cash $156,804
Michael C. Rechin Total Cash $165,966
Michael J. Fisher Total Cash $150,313
Michael R. Becher Total Cash $166,459
Mung Chiang Total Cash $153,995
Patrick J. Fehring Total Cash $155,523
Susan W. Brooks Total Cash $155,625
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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.

Use of Data / Disclaimer

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.

What is a proxy statement?

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.