Thomas M. Prame is the CEO of Horizon Bancorp, effective June 1, 2023. He brings a wealth of experience to his role, having previously served as President of Horizon Bancorp and its bank subsidiary, Horizon Bank. Thomas is a finance...

Thomas M. Prame is the CEO of Horizon Bancorp, effective June 1, 2023. He brings a wealth of experience to his role, having previously served as President of Horizon Bancorp and its bank subsidiary, Horizon Bank. Thomas is a finance expert with an MBA from the University of Notre Dame and a bachelor’s in economics from the University of Rochester. Under his leadership, the bank is focused on ensuring its compensation aligns with long-term performance, with a fair salary of $600,000 and a total compensation of about $652,536 for 2023. His insider trading activity shows strategic investments, with notable trades throughout 2022 and 2023, indicating confidence in Horizon Bancorp’s growth. Importantly, he has succeeded Craig M. Dwight, a long-standing CEO, which suggests that he’s stepping into a significant legacy while navigating the challenges of modern banking. Thomas's approach blends his extensive industry knowledge with a commitment to aligning the interests of shareholders and management. He has made his mark in increasing responsibilities at First Midwest Bancorp before joining Horizon, proving he knows how to grow businesses in a competitive landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Horizon Bancorp CEOs

H

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 0 months (Jun 2023 - Present)

Previous Experience

Executive positions at First Midwest Bancorp

Rivals

Competitors/colleagues of Thomas M. Prame

Q

Larry J. Helling

CEO of QCR Holdings

2023 Compensation

Stock

$421.33K

Salary

$437.74K

Bonus

$303.49K

Other

$72.01K

Total Holdings

$270.52K

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

H

Kevin S. Kim

CEO of Hope Bancorp

2023 Compensation

Stock

$700.98K

Salary

$1.05M

Bonus

$1.05K

Other

$60.71K

Total Holdings

$10.60M

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

C

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

$19.33M

Holdings

See how much did Thomas M. Prame make over time.

Thomas Prame is actively involved in insider trading, with significant trades observed from August 2022 to December 2024. His trades show fluctuations in value, ranging from $194.27K to $295.28K monthly. For example, during September 2023, he traded stocks valued at...

Thomas Prame is actively involved in insider trading, with significant trades observed from August 2022 to December 2024. His trades show fluctuations in value, ranging from $194.27K to $295.28K monthly. For example, during September 2023, he traded stocks valued at $238.72K, while in December 2023, he peaked with $295.28K. These transactions suggest he has been managing his portfolio actively, reflecting his confidence in the bank's performance. Notably, his holdings were most substantial in early 2024, where monthly trades exceeded $304K, indicating a strong belief in the stock's potential despite market challenges. This kind of trading behavior can often indicate a CEO's strategic vision for the firm’s future and aligns with his overall managerial approach.

Mar 18, 2025

H

shares

HBNC @ $15.70

Insider Trading

See recent insider trades of Thomas M. Prame.

HBNC

9,259 shares

HBNC

Mar 19, 2024

Received

HBNC

5,253 shares

HBNC

Mar 21, 2023

Received

HBNC

$101.86K

HBNC at $15.09/share

Nov 1, 2022

Purchase

HBNC

10,000 shares

HBNC

Aug 15, 2022

Received

Compensation History

See how much did Thomas M. Prame make over time.

In 2023, Thomas M. Prame's total compensation at Horizon Bancorp reached $652,536. This includes a base salary of $600,000 and $52,536 from other sources like retirement contributions. Notably, there were no bonuses or stock awards vested for him during his first year as CEO because he was appointed mid-year, meaning his focus is on aligning future compensation with the company's performance metrics, which did not meet the minimum earnings criteria for bonuses this year. His compensation is structured to promote long-term growth and stability for the organization, which mirrors Horizon's philosophy of aligning executive rewards with company success. As part of his employment agreement, there are also potential benefits tied to performance and change of control scenarios, emphasizing the responsibility he carries as a leader.

Year

2023

Total Compensation

$652.54K

Salary

$600.00K

Board 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

$0.00

Board Justification

No bonuses were paid to Mr. Prame for 2023 due to not meeting the minimum earnings threshold for bonus payouts.

Other

$52.54K

Board Justification

Other compensation includes retirement plan contributions and dividends on performance and restricted stock.

Restricted Stock

$0.00(0 N/A)

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.

Other Horizon Bancorp CEOs

Here are other CEOs of Horizon Bancorp

Craig M. Dwight

Ex-CEO of Horizon Bancorp

January 2001 - June 2023