Data Year:

For its 2025 fiscal year, MERCHANTS BANCORP, 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
Michael J. Dunlap
President and Chief Operating Officer of the Company and President and Chief Executive Officer of Merchants Bank
Total Compensation $2,452,110 View details Pay Rank By Title #630 View more
Michael F. Petrie
Chairman of the Board and Chief Executive Officer
Total Compensation $2,534,695 View details Pay Rank By Title #3031 View more
Michael R. Dury
President and Chief Executive Officer of Merchants Capital
Total Compensation $6,647,758 View details Pay Rank By Title #1766 View more
Martin A. Schroeter
President - Warehouse Lending
Total Compensation $1,364,500 View details Pay Rank By Title #699 View more
Sean A. Sievers
Executive Vice President and Chief Financial Officer
Total Compensation $1,011,922 View details Pay Rank By Title #2973 View more

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

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. MERCHANTS BANCORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. MERCHANTS BANCORP 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
Michael J. Dunlap
President and Chief Operating Officer of the Company and President and Chief Executive Officer of Merchants Bank
Total Cash $1,706,350 Equity $731,260 Other $14,500 $2,452,110
Michael F. Petrie
Chairman of the Board and Chief Executive Officer
Total Cash $1,750,100 Equity $750,006 Other $34,589 $2,534,695
Michael R. Dury
President and Chief Executive Officer of Merchants Capital
Total Cash $6,633,258 Equity $0 Other $14,500 $6,647,758
Martin A. Schroeter
President - Warehouse Lending
Total Cash $1,350,000 Equity $0 Other $14,500 $1,364,500
Sean A. Sievers
Executive Vice President and Chief Financial Officer
Total Cash $763,029 Equity $234,393 Other $14,500 $1,011,922
For its 2025 fiscal year, MERCHANTS BANCORP, 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
Michael F. Petrie CEO Pay $2,534,695 Median Employee Pay $109,081 CEO Pay Ratio 23:1
For its 2024 fiscal year, MERCHANTS BANCORP, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
Andrew A. Juster Total Cash $172,579
Anne E. Sellers Total Cash $150,079
David N. Shane Total Cash $157,579
Patrick D. O'Brien Total Cash $152,579
Sue Anne Gilroy Total Cash $140,079
Tamika D. Catchings Total Cash $140,079
Thomas W. Dinwiddie Total Cash $140,079
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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.