Sundar PichaiSundar Pichai earned $164M in 2023

Charles N. Funk has been at the helm of MidWestOne Financial Group since 2018, steering the company through various financial landscapes. He is focused on aligning the company's performance with shareholder interests, emphasizing long-term growth and risk management. Funk's compensation...

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Charles N. Funk

Ex-CEO of MidWestOne Financial Group

Sector of Economy

Financial Services

CEO of MidWestOne Financial Group for

13 years 7 months (Dec 2008 - Aug 2022)

Previous Experience

Unknown

Holdings

See how much did Charles N. Funk make over time.

From 2019 to 2022, Charles N. Funk's insider trading revealed significant fluctuations in his holdings, starting around $3.54 million and peaking at $4.25 million by December 2022. In early 2023, values dropped back to approximately $2.74 million, showing typical market...

Total Stock Sold

$537.45K

MOFG

$537.45K

22,672 MOFG shares

What if they kept their stock?

If Charles N. Funk didn't sell their stock, today they would have:
Extra MOFG22,672 shares worth $414.44K.
This is -22.89% and $123.01K less than what they got when they sold the stock.

Charitable Transactions

MOFG

4,120 shares

MOFG

Recent Charitable Transactions

MOFG

950 shares

MOFG

Nov 17, 2022

Charity

MOFG

970 shares

MOFG

Jan 19, 2022

Charity

MOFG

2,200 shares

MOFG

Jan 10, 2020

Charity

Insider Trading

See recent insider trades of Charles N. Funk.

MOFG

$56.00K

MOFG at $25.00/share

Sep 30, 2024

Purchase

MOFG

$83.81K

MOFG at $20.62/share

Jun 10, 2024

Sale

MOFG

$21.61K

MOFG at $21.27/share

May 21, 2024

Sale

MOFG

1,328 shares

MOFG

May 15, 2024

Received

MOFG

$143.06K

MOFG at $21.70/share

May 9, 2024

Sale

MOFG

$128.17K

MOFG at $21.36/share

May 3, 2024

Sale

MOFG

5,804.647 shares

MOFG

Feb 15, 2024

Received

MOFG

1,549.865 shares

MOFG

May 15, 2023

Received

MOFG

5,645.973 shares

MOFG

Feb 15, 2023

Received

MOFG

$79.70K

MOFG at $31.88/share

Feb 3, 2023

Sale

Compensation History

See how much did Charles N. Funk make over time.

In 2022, Charles N. Funk's total compensation reached $1,034,428, which includes a $550,000 salary and a performance-based bonus of $225,403. This bonus was based on hitting 117% of his performance metrics, which relate to financial success like earnings per share. Funk also had vested stock worth about $170,598, earned from hitting key goals during the year. Despite some lean years earlier, where he received no bonus in 2020, his overall package emphasizes his commitment to aligning pay with company performance and rewarding success.

Year

2022

Total Compensation

$971.69K

Salary

$550.00K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and shareholder interests, focusing on long-term success and risk management.

Bonus

$225.40K

Board Justification

Annual cash incentive based on performance metrics including core EPS and ROATCE, achieving 117% of target for 2022.

Other

$25.69K

Board Justification

Includes perquisites such as automobile allowance and contributions to retirement plans.

Restricted Stock

$170.60K(5.44K RSU)

Board Justification

Restricted stock units that vested in 2022, based on performance metrics achieved during the year.

Performance Metrics

Key performance metrics include diluted earnings per share, return on average tangible equity, and efficiency ratio.

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