In 2022, Charles N. Funk earned $971.69K in total compensation at MidWestOne Financial Group, including $550.00K salary, $225.40K bonus and $170.60K in stock. Most recently acquired 4,480 shares in Sep 2024. Currently holds stock worth $5.40M. Has donated $167.85K in stock to charitable causes. Led MidWestOne Financial Group as CEO for 13 years.
Compensation History
Annual executive compensation data for Charles N. Funk, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$971.69K
Salary
$550.00K
Bonus
$225.40K
Other
$25.69K
Salary
$550.00KBoard Justification
The compensation philosophy aims to align executive compensation with company performance and shareholder interests, focusing on long-term success and risk management.
Bonus
$225.40KBoard Justification
Annual cash incentive based on performance metrics including core EPS and ROATCE, achieving 117% of target for 2022.
Other Compensation
$25.69KBoard Justification
Includes perquisites such as automobile allowance and contributions to retirement plans.
Restricted Stock
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.
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
Other MidWestOne Financial Group CEOs
Holdings
Track Charles N. Funk's stock holdings and portfolio value over time.
Total Stock Sold
$537.45K
$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 $923.66K.
This is 71.86% and $386.21K more than what they got when they sold the stock.
Charitable Transactions
4,120 shares
MOFG
Recent Charitable Transactions
950 shares
MOFG
Nov 17, 2022
Charity
970 shares
MOFG
Jan 19, 2022
Charity
2,200 shares
MOFG
Jan 10, 2020
Charity
Insider Trading
Charles N. Funk's recent stock transactions, purchases, and sales filed with the SEC.
$112.00K
MOFG at $25.00/share
Sep 30, 2024
Purchase
$83.81K
MOFG at $20.62/share
Jun 10, 2024
Sale
$21.61K
MOFG at $21.27/share
May 21, 2024
Sale
1,328 shares
MOFG
May 15, 2024
Received
$143.06K
MOFG at $21.70/share
May 9, 2024
Sale
$128.17K
MOFG at $21.36/share
May 3, 2024
Sale
5,804.647 shares
MOFG
Feb 15, 2024
Received
1,549.865 shares
MOFG
May 15, 2023
Received
5,645.973 shares
MOFG
Feb 15, 2023
Received
$79.70K
MOFG at $31.88/share
Feb 3, 2023
Sale
Rivals
Compare Charles N. Funk with competitor CEOs and industry peers.
Anthony Labozzetta
CEO of Provident Financial Services
2023 Compensation
Stock
$61.82K
Salary
$818.27K
Bonus
$309.38K
Other
$121.55K
Total Holdings
$20.11K
Gavin A. Mohr
CEO of Independent Bank Corporation
2023 Compensation
Stock
$65.89K
Salary
$302.00K
Bonus
$70.15K
Other
$45.98K
Total Holdings
$60.38K
Jeffrey M. Schweitzer
CEO of Univest Financial Corporation
2022 Compensation
Stock
$0.00
Salary
$806.00K
Bonus
$250.57K
Other
$26.25K
Total Holdings
$127.87K