Sundar PichaiSundar Pichai earned $164M in 2023

Craig M. Dwight served as the CEO of Horizon Bancorp from 2001 until June 2023 and had been with the company since 1998. With a Bachelor's degree in Business Administration and a background in finance, he led Horizon Bancorp through...

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Craig M. Dwight

Ex-CEO of Horizon Bancorp

Education

Bachelor's degree in Business Administration

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1958 - 67 years ago

CEO of Horizon Bancorp for

22 years 5 months (Jan 2001 - Jun 2023)

Previous Experience

Various executive roles in banking and finance

Holdings

See how much did Craig M. Dwight make over time.

Throughout his time at Horizon Bancorp, Craig M. Dwight had notable fluctuations in his personal stock holdings. In late 2019, his equities were valued at approximately $7.77 million and peaked in December 2021 at about $9.09 million. However, as the...

Mar 18, 2025

Total Stock Sold

$2.56M

HBNC

$2.56M

244,367 HBNC shares

What if they kept their stock?

If Craig M. Dwight didn't sell their stock, today they would have:
Extra HBNC244,367 shares worth $3.04M.
This is 18.97% and $484.80K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Craig M. Dwight.

HBNC

$171.40K

HBNC at $17.14/share

Feb 19, 2025

Sale

HBNC

$39.82K

HBNC at $11.99/share

May 1, 2024

Received

HBNC

11,274 shares

HBNC

Mar 18, 2024

Received

HBNC

79,640 shares

HBNC

Mar 21, 2023

Received

HBNC

$30.16K

HBNC at $15.08/share

Nov 2, 2022

Purchase

HBNC

4,193 shares

HBNC

Mar 15, 2022

Received

HBNC

2,967 shares

HBNC

Mar 16, 2021

Received

HBNC

$190.38K

HBNC at $18.50/share

Feb 23, 2021

Sale

HBNC

885 shares

HBNC

Oct 5, 2020

Inheritance

HBNC

20,359 shares

HBNC

Mar 17, 2020

Received

Compensation History

See how much did Craig M. Dwight make over time.

In 2022, Craig M. Dwight's total compensation was around $1.29 million, which included a base salary of $635,000, a performance-based bonus of $190,500, and additional benefits worth $83,441. His compensation package reflected Horizon's commitment to performance, meaning that much of his pay was determined by the company’s success. During his career, he saw variations in compensation, peaking at $1.93 million in 2023, as he prepared for retirement. His arrangements also included benefits like health insurance and retirement contributions, aiming to ensure he had support as he transitioned away from his role as CEO. Overall, Craig's pay structure illustrated how Horizon Bancorp valued aligning executive compensation with the company's performance and shareholder interests.

Year

2023

Total Compensation

$1.54M

Salary

$342.12K

Board Justification

Horizon Bancorp's compensation philosophy is designed to align executive compensation with the company's performance and shareholder interests, ensuring that a significant portion of compensation is performance-based.

Bonus

$392.43K

Board Justification

Target bonus payout as per employment agreement upon retirement.

Other

$806.21K

Board Justification

Includes retirement payments, health benefits, and other accrued compensation as per the employment agreement.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as Mr. Dwight's stock awards were not included in the total compensation calculations for the year.

Performance Metrics

Performance metrics include net income and efficiency ratios, which determine the bonus payouts for executives.

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