Mark A. Schroeder, born in 1956, has a solid educational background with a bachelor's degree in Business Administration. He brought his finance expertise to German American Bancorp, where he served as CEO from 2009 until his retirement in 2022. Under...

Mark A. Schroeder, born in 1956, has a solid educational background with a bachelor's degree in Business Administration. He brought his finance expertise to German American Bancorp, where he served as CEO from 2009 until his retirement in 2022. Under his leadership, the bank saw significant developments, including a successful merger with Citizens First Corporation in 2019. Despite no stock options or bonuses received during his last years as CEO, his compensation saw fluctuations, with a peak total compensation of over $1.37 million in 2020. Notably, when he retired, a significant number of restricted shares—over 17,000—were accelerated for vesting, indicating the Board's appreciation for his long-term contributions. Lastly, Mark has left an impact through his service on the board and continues to influence the bank as its Chairman until at least the end of his current term in 2023.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other German American Bancorp CEOs

G

Mark A. Schroeder

Ex-CEO of German American Bancorp

Education

Bachelor's degree in Business Administration

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1956 - 69 years ago

CEO of German American Bancorp for

13 years 0 months (May 2009 - May 2022)

Previous Experience

Chairman and Chief Executive Officer of German American Bancorp, Inc.

Rivals

Competitors/colleagues of Mark A. Schroeder

F

Van A. Dukeman

CEO of First Busey Corporation

2023 Compensation

Stock

$0.00

Salary

$725.00K

Bonus

$561.88K

Other

$51.10K

Total Holdings

$9.87M

S

Christopher J. McComish

CEO of S&T Bancorp

2023 Compensation

Stock

$150.00K

Salary

$350.00K

Bonus

$70.00K

Other

$20.00K

Total Holdings

$715.40K

F

Mark K. Hardwick

CEO of First Merchants Corporation

2023 Compensation

Stock

$611.04K

Salary

$728.00K

Bonus

$369.81K

Other

$78.87K

Total Holdings

$128.69K

Holdings

See how much did Mark A. Schroeder make over time.

Mark A. Schroeder has had an interesting journey with his stock holdings at German American Bancorp (GABC). At the peak of his career in 2020, the value of his holdings surged dramatically, reaching a total compensation package valued over $1.37...

Mark A. Schroeder has had an interesting journey with his stock holdings at German American Bancorp (GABC). At the peak of his career in 2020, the value of his holdings surged dramatically, reaching a total compensation package valued over $1.37 million. However, as he transitioned into retirement, significant changes occurred. Upon his retirement in 2022, the Board accelerated the vesting of 17,266 shares of restricted stock for him. This represented a substantial portion of his holdings, indicating just how much the Board valued his long-term service and leadership at the company. The accelerated vesting included money that would have vested later on, helping mark a fitting end to his executive tenure. Overall, his journey reflects the ups and downs of executive holdings tied to company performance and personal contributions.

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Charitable Transactions

GABC

16,084 shares

GABC

Recent Charitable Transactions

GABC

7,568 shares

GABC

Dec 19, 2022

Charity

GABC

3,000 shares

GABC

Jul 1, 2019

Charity

GABC

2,516 shares

GABC

Jun 6, 2018

Charity

GABC

3,000 shares

GABC

Jun 14, 2017

Charity

Insider Trading

See recent insider trades of Mark A. Schroeder.

GABC

689 shares

GABC

Dec 19, 2022

Received

GABC

7,568 shares

GABC

Dec 19, 2022

Charity

GABC

$23.75K

GABC at $36.09/share

Dec 19, 2022

Purchase

GABC

10,598 shares

GABC

Mar 15, 2022

Received

GABC

7,357 shares

GABC

Mar 15, 2021

Received

GABC

3,528 shares

GABC

Mar 15, 2020

Received

GABC

3,528 shares

GABC

Mar 15, 2020

Received

GABC

713 shares

GABC

Dec 16, 2019

Received

GABC

3,000 shares

GABC

Jul 1, 2019

Charity

GABC

2,130 shares

GABC

Mar 15, 2019

Received

Compensation History

See how much did Mark A. Schroeder make over time.

Mark A. Schroeder's compensation paints an intriguing picture. In 2022, as he phased out of his role, he recorded a total compensation of about $1.37 million, but notably, he received no bonuses or stock options during his final years. Prior to that, in 2021, he had a much lower total of just about $115,516, largely driven by his salary. Interestingly, his compensation in previous years showed some variability—topping over $1 million in 2020, thanks to performance metrics aligned with the bank's growth and success. Despite these ups and downs, what stands out is that in 2022, while he stepped back, the company's Board recognized his value by accelerating the vesting of 17,266 shares, showing their appreciation for his contributions over the years. This brings a unique closure to his financial journey, blending performance with recognition.

Year

2022

Total Compensation

$0.00

Salary

$0.00

Board Justification

The Company seeks to compensate its Named Executive Officers in a fair, reasonable, and competitive manner, primarily intending to attract and retain highly-skilled executives in a competitive environment, provide financial incentives intended to align the Named Executive Officers’ interests with those of shareholders, and pay relative to performance.

Bonus

$0.00

Board Justification

No discretionary bonus payments were made to the Named Executive Officers in any of the years presented.

Other

$0.00

Board Justification

The amounts specified in Column (i) include perquisites and other personal benefits, relocation expense reimbursement, payments/accruals on termination plans, company contributions to defined contribution plans, cash dividends on restricted stock, and life insurance premiums.

Restricted Stock

$0.00(0 Restricted Stock)

Board Justification

No stock options were granted to the Named Executive Officers in any of the years presented.

Performance Metrics

The performance metrics for the CEO's compensation in 2022 were based on corporate performance goals established by the Board.

Other German American Bancorp CEOs

Here are other CEOs of German American Bancorp

D. Neil Dauby

CEO of German American Bancorp

January 2021 - Present