In 2023, Thomas M. Prame earned $652.54K in total compensation at Horizon Bancorp, primarily from $600.00K salary. Most recently acquired 9,259 shares in Mar 2024. Currently holds stock worth $821.64K. 2+ years at the helm of Horizon Bancorp.
Compensation History
Annual executive compensation data for Thomas M. Prame, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$652.54K
Salary
$600.00K
Bonus
$0.00
Other
$52.54K
Salary
$600.00KBoard Justification
Horizon Bancorp's compensation philosophy is to align executive compensation with annual and long-term performance, ensuring it is competitive with peer institutions while promoting retention and shareholder interests.
Bonus
$0.00Board Justification
No bonuses were paid to Mr. Prame for 2023 due to not meeting the minimum earnings threshold for bonus payouts.
Other Compensation
$52.54KBoard Justification
Other compensation includes retirement plan contributions and dividends on performance and restricted stock.
Restricted Stock
Board Justification
No stock awards vested for Mr. Prame in 2023 as he was appointed CEO on June 1, 2023, and the stock awards are typically granted with a vesting schedule.
Performance Metrics
The performance metrics for 2023 included achieving a minimum net income threshold of $65.5 million for any bonuses to be paid, which was not met.
Thomas M. Prame
CEO of Horizon Bancorp
Education
MBA in Finance from the University of Notre Dame
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1978 - 47 years ago
CEO of Horizon Bancorp for
2 years 6 months (Jun 2023 - Present)
Previous Experience
Executive positions at First Midwest Bancorp
Other Horizon Bancorp CEOs
Holdings
Track Thomas M. Prame's stock holdings and portfolio value over time.
Insider Trading
Thomas M. Prame's recent stock transactions, purchases, and sales filed with the SEC.
9,259 shares
HBNC
Mar 19, 2024
Received
5,253 shares
HBNC
Mar 21, 2023
Received
$101.86K
HBNC at $15.09/share
Nov 1, 2022
Purchase
10,000 shares
HBNC
Aug 15, 2022
Received
Rivals
Compare Thomas M. Prame with competitor CEOs and industry peers.
Kevin S. Kim
CEO of Hope Bancorp
2023 Compensation
Stock
$700.98K
Salary
$1.05M
Bonus
$1.05K
Other
$60.71K
Total Holdings
$1.27M
Mark K. Hardwick
CEO of First Merchants Corporation
2023 Compensation
Stock
$611.04K
Salary
$728.00K
Bonus
$369.81K
Other
$78.87K
Total Holdings
$128.45K
Frank S. Sorrentino III
Founder and CEO of Center Bancorp
2023 Compensation
Stock
$1.63M
Salary
$945.00K
Bonus
$878.90K
Other
$182.00K
Total Holdings
$57.14M