In 2021, Michael C. Rechin earned $100.00K in total compensation at First Merchants Corporation, primarily from $100.00K salary. Most recently acquired 607 shares in Dec 2024. Currently holds stock worth $3.49M. Has donated $87.80K in stock to charitable causes. Led First Merchants Corporation as CEO for 5 years.
Compensation History
Annual executive compensation data for Michael C. Rechin, including salary, bonuses, and stock awards.
Year
2021
Total Compensation
$100.00K
Salary
$100.00K
Bonus
$0.00
Other
$0.00
Salary
$100.00KBoard Justification
The compensation philosophy emphasizes aligning executive compensation with company performance and shareholder interests, focusing on cash compensation under the Consulting Agreement.
Bonus
$0.00Board Justification
No bonus was awarded for 2021; however, Mr. Rechin received compensation under the Consulting Agreement for part-time consulting services.
Other Compensation
$0.00Board Justification
Mr. Rechin received no additional compensation beyond the Consulting Agreement.
Restricted Stock
Board Justification
No stock awards vested in 2021 as part of the Consulting Agreement; the focus was on cash compensation.
Performance Metrics
The performance metrics for Mr. Rechin's consulting services were not specified in the proxy statement.
Michael C. Rechin
Ex-CEO of First Merchants Corporation
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
CEO of First Merchants Corporation for
5 years 0 months (Jan 2016 - Jan 2021)
Previous Experience
Chief Operating Officer of First Merchants Corporation
Other First Merchants Corporation CEOs
Holdings
Track Michael C. Rechin's stock holdings and portfolio value over time.
Total Stock Sold
$2.76M
$2.76M
74,231 FRME shares
What if they kept their stock?
If Michael C. Rechin didn't sell their stock, today they would have:
Extra FRME74,231 shares worth $2.77M.
This is 0.51% and $14.10K more than what they got when they sold the stock.
Charitable Transactions
2,352 shares
FRME
Recent Charitable Transactions
2,352 shares
FRME
Dec 10, 2024
Charity
Insider Trading
Michael C. Rechin's recent stock transactions, purchases, and sales filed with the SEC.
$24.21K
FRME at $39.89/share
Dec 31, 2024
Received
2,352 shares
FRME
Dec 10, 2024
Charity
$24.22K
FRME at $37.20/share
Sep 30, 2024
Received
$24.20K
FRME at $33.29/share
Jun 30, 2024
Received
$22.65K
FRME at $34.90/share
Mar 31, 2024
Received
$22.66K
FRME at $37.08/share
Dec 31, 2023
Received
$370.50K
FRME at $37.05/share
Dec 19, 2023
Sale
$22.65K
FRME at $27.82/share
Sep 30, 2023
Received
$22.64K
FRME at $28.23/share
Jun 30, 2023
Received
$22.64K
FRME at $32.95/share
Mar 31, 2023
Received
Rivals
Compare Michael C. Rechin with competitor CEOs and industry peers.
Richard M. Adams, Jr.
CEO of United Bankshares
2023 Compensation
Stock
$609.36K
Salary
$1.00M
Bonus
$1.09M
Other
$59.30K
Total Holdings
$378.14K
Christopher J. McComish
CEO of S&T Bancorp
2023 Compensation
Stock
$150.00K
Salary
$350.00K
Bonus
$70.00K
Other
$20.00K
Total Holdings
$200.99K
Drake Mills
CEO of Origin Bancorp
2023 Compensation
Stock
$360.50K
Salary
$835.80K
Bonus
$408.16K
Other
$60.65K
Total Holdings
$108.42K