In 2023, Mark K. Hardwick earned $1.79M in total compensation at First Merchants Corporation, including $728.00K salary, $369.81K bonus and $611.04K in stock. Most recently sold 11,833 shares in Aug 2024. Currently holds stock worth $4.47M. Has donated $1.04M in stock to charitable causes. 4+ years at the helm of First Merchants Corporation.
Compensation History
Annual executive compensation data for Mark K. Hardwick, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.79M
Salary
$728.00K
Bonus
$369.81K
Other
$78.87K
Salary
$728.00KBoard Justification
The compensation philosophy aims to align executive compensation with company performance, ensuring that it is competitive with peer institutions and supports retention of high-performing leaders.
Bonus
$369.81KBoard Justification
The bonus is based on the Senior Management Incentive Compensation Program (SMICP) for performance in 2023, which was determined by the company's operating earnings per share.
Other Compensation
$78.87KBoard Justification
Includes contributions to the 401(k) plan and perquisites such as car allowance and country club dues.
Restricted Stock
Board Justification
The stock awarded under the Long-term Equity Incentive Plan (LTEIP) that vested in 2023, with a total of 19,000 shares granted on August 2, 2023, vesting on August 2, 2026.
Performance Metrics
The performance metrics for determining compensation include operating earnings per share and consolidated efficiency ratio.
Mark K. Hardwick
CEO of First Merchants Corporation
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
CEO of First Merchants Corporation for
4 years 11 months (Jan 2021 - Present)
Previous Experience
Unknown
Other First Merchants Corporation CEOs
Holdings
Track Mark K. Hardwick's stock holdings and portfolio value over time.
Total Stock Sold
$1.59M
$1.59M
43,887.113 FRME shares
What if they kept their stock?
If Mark K. Hardwick didn't sell their stock, today they would have:
Extra FRME43,887.113 shares worth $1.64M.
This is 3.4% and $54.13K more than what they got when they sold the stock.
Charitable Transactions
27,763 shares
FRME
Recent Charitable Transactions
1,171 shares
FRME
Nov 19, 2024
Charity
4,684 shares
FRME
Nov 13, 2024
Charity
7,500 shares
FRME
Dec 19, 2023
Charity
5,500 shares
FRME
Nov 29, 2022
Charity
2,500 shares
FRME
Feb 24, 2021
Charity
1,500 shares
FRME
Dec 18, 2019
Charity
Insider Trading
Mark K. Hardwick's recent stock transactions, purchases, and sales filed with the SEC.
1,171 shares
FRME
Nov 19, 2024
Charity
4,684 shares
FRME
Nov 13, 2024
Charity
$475.92K
FRME at $40.22/share
Aug 8, 2024
Sale
$758.94K
FRME at $36.14/share
Aug 8, 2024
Received
7,500 shares
FRME
Dec 19, 2023
Charity
$611.04K
FRME at $32.16/share
Jul 20, 2023
Received
5,500 shares
FRME
Nov 29, 2022
Charity
$614.25K
FRME at $40.95/share
Aug 3, 2022
Received
$362.70K
FRME at $42.67/share
Aug 10, 2021
Received
$366.97K
FRME at $45.36/share
May 26, 2021
Sale
Rivals
Compare Mark K. Hardwick with competitor CEOs and industry peers.