Companies Landmark Bancorp Inc
Landmark Bancorp (LARK): executive pay, fiscal 2025
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CEO pay, last three years
- $863,082FY2024
- $767,476FY2025
CEO total pay was $767,476 in fiscal 2025, down from $863,082 in fiscal 2024.
FY2025: salary $476,370 · bonus $0 · stock awards $0 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Abigail Wendel | $476,370 | $0 | $0 | $0 | $252,000 | $0 | $39,106 | $767,476 |
| President and Chief Executive Officer | ||||||||
| Mark Herpich | 289,407 | 0 | 0 | 0 | 96,838 | 0 | 31,686 | 417,931 |
| Executive Vice President and Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Abigail Wendel | $767,476 | $863,082 | — | ↓ −95,606 |
| Mark Herpich | 417,931 | 446,803 | 422,465 | ↓ −28,872 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company's executive compensation program is designed to attract, retain, and motivate qualified executives while aligning pay with performance and stockholder interests. Total compensation is generally aligned around the market median, with adjustments based on individual experience, tenure, performance, and scope of responsibilities.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Mark Herpich | RSU | 475 | — | $12,440 |
| Mark Herpich | RSU | 2,433 | — | 63,720 |
| Wendel | RSU | 4,134 | — | 108,269 |
| Wendel | RSU | 4,948 | — | 129,588 |
| Mark Herpich | Option | 5,217 | 18.29 | — |
| Wendel | Option | 44,100 | 17.62 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Patrick L. AlexanderIndependent · Board Chair · Nominating/Governance | $68,400 | $0 | — | — | — | $68,400 |
| Mark KohlrusIndependent · Audit and Risk (Chair) | 39,150 | 0 | — | — | — | 39,150 |
| David H. SnappNot independent | 35,800 | 0 | — | — | — | 35,800 |
| Jim W. LewisIndependent · Compensation | 35,150 | 0 | — | — | — | 35,150 |
| Sandra J. MollIndependent · Nominating and Corporate Governance | 35,150 | 0 | — | — | — | 35,150 |
| Wayne R. SloanIndependent · Lead Independent Director · Nominating and Corporate Governance (Chair) | 34,900 | 0 | — | — | — | 34,900 |
| Angelia K. StanlandIndependent · Compensation (Chair) | 34,400 | 0 | — | — | — | 34,400 |
| Angela S. HurtIndependent · Audit and Risk | 33,500 | 0 | — | — | — | 33,500 |
| Sarah Hill-NelsonIndependent · Compensation · Not standing for re-election | 33,500 | 0 | — | — | — | 33,500 |
| Thomas A. PageIndependent · Audit and Risk · Audit | 30,000 | 0 | — | — | — | 30,000 |
| Michael E. ScheopnerIndependent | 15,500 | 0 | — | — | — | 15,500 |
| Ms. WendelEmployee director | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $23,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $2,000 |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $395,450 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $395,450 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Landmark Bancorp as a peer
Companies that benchmark against LARK
2 companies name LARK as a compensation peer
- IF Bancorp, Inc.IROQFY2024
- Provident Bancorp, Inc.PVBCFY2024
Each company listed discloses LARK in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named LARK in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Landmark Bancorp Inc | 2025 | Abigail Wendel | $476,370 | $0 | $0 | $252,000 | $767,476 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-05-21 | 2,607,709 | 278,333 | 43,892 | 89% | Passed |
| 2022 | 2022-05-18 | 2,415,949 | 462,301 | 10,505 | 83.94% | Passed |
| 2019 | 2019-05-22 | 2,170,517 | 328,721 | 32,815 | 86.85% | Passed |
| 2016 | 2016-05-18 | 1,772,770 | 297,787 | 42,348 | 85.62% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2025 | 2025-05-21 | 89%a |
| 2022 | 2022-05-18 | 83.94%b |
| 2019 | 2019-05-22 | 86.85%c |
a. Approved under the standard stated in the filing — “Proposal 2 (Say-on-Pay Proposal) - The affirmative vote of the majority of shares of common stock present in person or represented by proxy at the Annual Meeting and entitled to vote on the matter is required to approve the say-on-pay proposal, on a non-binding advisory basis. || Abstentions: Abstentions will have the same legal effect as a vote "against" this proposal, while broker non-votes, because they will not be counted as entitled to vote, will not affect the voting on this proposal.”.
b. Approved under the standard stated in the filing — “Similarly, abstentions will be considered in determining the presence of a quorum, but will not affect the outcome of any of the proposals considered at the meeting.”.
c. Approved under the standard stated in the filing — “Similarly, abstentions will be considered in determining the presence of a quorum, but will not affect the outcome of any of the proposals considered at the meeting.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (20 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Abigail Wendel. DEF 14A, filed 2026-04-20. Section “Executive Compensation” · page 21. As printed: 767,476. View filing ↗
- Section 01, Mark Herpich. DEF 14A, filed 2026-04-20. Section “Executive Compensation”. As printed: 417,931. View filing ↗
- Section 08, Patrick L. Alexander. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 68,400. View filing ↗
- Section 08, Mark Kohlrus. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 39,150. View filing ↗
- Section 08, David H. Snapp. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 35,800. View filing ↗
- Section 08, Jim W. Lewis. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 35,150. View filing ↗
- Section 08, Sandra J. Moll. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 35,150. View filing ↗
- Section 08, Wayne R. Sloan. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 34,900. View filing ↗
- Section 08, Angelia K. Stanland. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 34,400. View filing ↗
- Section 08, Angela S. Hurt. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 33,500. View filing ↗
- Section 08, Sarah Hill-Nelson. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 33,500. View filing ↗
- Section 08, Thomas A. Page. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 30,000. View filing ↗
- Section 08, Michael E. Scheopner. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 15,500. View filing ↗
- Section 08, Ms. Wendel. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-22. Item 5.07 · say-on-pay result. As reported: 89% (votes for as printed: 2,607,709). View filing ↗
- Section 06, 2022 vote. Form 8-K, filed 2022-05-19. Item 5.07 · say-on-pay result. As reported: 83.94% (votes for as printed: 2,415,949). View filing ↗
- Section 06, 2019 vote. Form 8-K, filed 2019-05-23. Item 5.07 · say-on-pay result. As reported: 86.85% (votes for as printed: 2,170,517). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 395,450 + equity 0 + all other 0 = 395,450, summed across the director compensation table rows.
- Landmark Bancorp Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Landmark Bancorp Inc's own proxy. As printed: 767,476. View filing ↗