Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-06

First Mid Bancshares, Inc. (FMBH)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,109,337
Joseph Dively total, FY2025
56th
CEO pay percentile vs peers
44:1
CEO-to-median pay ratio
97.31%
Say-on-pay support, latest vote
Companies that benchmark against FMBH
21 companies name FMBH as a compensation peer

Each company listed discloses FMBH 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 FMBH in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Joseph Dively$543,400$0$514,272$0$1,019,364$0$32,301$2,109,337
Chairman & Chief Executive Officer
Matthew Smith361,7370192,8520419,843035,8061,010,238
President
Michael Taylor360,9010149,9960364,399034,106909,402
Sr Executive Vice President & Chief Operating Officer
Jordan Read278,1500149,9960290,145058,191776,482
Executive Vice President & Chief Financial and Risk Officer
Eric McRae304,1570149,9960237,096040,865732,114
Executive Vice President & Chief Lending 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Joseph Dively$2,109,337$1,604,008+505,329
Matthew Smith1,010,238680,491+329,747
Michael Taylor909,402734,989+174,413
Jordan Read776,482
Eric McRae732,114626,862+105,252

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
James E. ZimmerDirector2026-04-02A308.06$41$12,677CommonForm 4 ↗
Mary J. WesterholdDirector2026-04-02A323.314113,304CommonForm 4 ↗
Matthew SmithPresident2026-04-02A65.08412,678CommonForm 4 ↗
Robert S. CookDirector2026-04-02A320.264113,179CommonForm 4 ↗
Eric McRaeEVP, Chief Lending Officer2026-04-02A86.26413,550CommonForm 4 ↗
Regina P. NelsonEVP, Chief Marketing Officer2026-05-08A1,0004443,940CommonForm 4 ↗
Robert S. CookDirector2026-07-02A270.244913,184CommonForm 4 ↗
James E. ZimmerDirector2026-07-02A259.954912,682CommonForm 4 ↗
Mary J. WesterholdDirector2026-07-02A272.824913,310CommonForm 4 ↗
Matthew SmithCEO & President2026-07-02A66.23493,231CommonForm 4 ↗
Eric McRaeEVP, Chief Lending Officer2026-07-02A87.06494,247CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jordan ReadPSU1,7503,850$136,360
Matthew SmithPSU2,2504,950175,320
Eric McRaePSU1,7503,850136,360
Joseph DivelyPSU6,00013,200467,520
Michael TaylorPSU1,7503,850136,360
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jordan Read$0$136,360$0100.0%
Matthew Smith0175,3200100.0%
Eric McRae0136,3600100.0%
Joseph Dively0467,5200100.0%
Michael Taylor0136,3600100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jordan ReadPSU5,763$224,757
Eric McRaePSU7,017273,663
Matthew SmithPSU8,117316,563
Joseph DivelyPSU24,022936,858
Michael TaylorPSU7,017273,663
05

Incentive-plan design — the Compensation Discussion & Analysis

It is the policy of the Company to compensate its executives in a manner that is equitable and competitive based on their responsibilities, performance and market conditions.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantBlanchard Consulting
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-2918,015,590497,646230,40497.31%Passed
20232023-04-2614,040,700320,854184,40197.77%Passed
20202020-04-2910,973,174751,317304,22193.59%Passed
20172017-04-268,339,298102,203206,46998.79%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 yearMeeting dateApproval — company's computation
20262026-04-2997.31%a
20232023-04-2697.77%b
20202020-04-2993.59%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of this proposal.”.

c. Voting standard not stated in the filing.

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.

07

CEO pay ratio

Ratio (CEO : median employee)44 : 1
CEO total compensation$2,109,337
Median employee compensation$48,485
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Holly B. AdamsIndependent · Lead Independent Director · Audit · Compensation · Nominating/Governance · Risk$58,000$27,272$0$0$0$85,272
Robert S. CookIndependent · Audit · Compensation · Nominating/Governance (Chair) · Risk53,50027,27200080,772
Mary J. WesterholdIndependent · Audit (Chair) · Compensation · Nominating/Governance · Risk53,00027,27200080,272
James E. ZimmerIndependent · Audit · Compensation (Chair) · Nominating/Governance · Risk50,50027,27200077,772
J. Kyle McCurryIndependent · Audit · Compensation · Nominating/Governance · Risk (Chair)50,00027,27200077,272
Gisele A. MarcusIndependent · Audit · Compensation · Nominating/Governance · Risk49,00027,27200076,272
Paul L. PalmbyIndependent · Audit · Compensation · Nominating/Governance · Risk49,00027,27200076,272
Zachary I. HornIndependent · Audit · Compensation · Nominating/Governance · Risk48,00027,27200075,272
Alex J. MelvinIndependent · Audit · Compensation · Nominating/Governance · Risk · Newly elected8,1674,67200012,839
Joseph R. DivelyEmployee director · Board Chair · Risk00000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)4,000 / 4,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$419,167
Equity awards (grant-date value)$222,848
All other compensation$0
Total cost of the board$642,015

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies First Mid Bancshares, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including First Mid Bancshares, Inc..

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Nicolet Bankshares, Inc.2025Michael Daniels$850,000$12,391,200$0$1,593,750$14,944,068
2Byline Bancorp, Inc.2025Roberto Herencia937,2221,992,46301,567,4834,537,621
3FB Financial Corporation2025Christopher Holmes787,5191,650,03901,263,2283,766,403
4Stock Yards Bancorp, Inc.2025James Hillebrand875,000656,250218,7501,487,5003,380,337
5FirstSun Capital Bancorp2025Neal Arnold800,0001,707,070003,341,470
6Old Second Bancorp, Inc.2025James Eccher914,2171,075,0660852,3003,108,135
7Equity Bancshares, Inc.2025Brad Elliott857,995663,156281,500854,4273,073,975
8Park National Corporation2025David Trautman770,833900,03602,977,449
9Lakeland Financial Corporation2025David Findlay739,6541,304,5820393,1282,473,892
10First Financial Corporation2025Norman D. Lowery675,350523,5030486,2522,395,725
111st Source Corporation2025Andrea Short526,3461,054,9770476,1502,190,564
12First Mid Bancshares, Inc.2025Joseph Dively543,400514,27201,019,3642,109,337
13German American Bancorp, Inc.2025D. Neil Dauby770,000517,4640602,5252,068,536
14First Commonwealth Financial Corporation2025T. Michael Price700,000515,7460745,0632,000,604
15Horizon Bancorp2025Thomas Prame685,000569,9730601,0881,965,115
16Republic Bancorp, Inc.2025Logan Pichel698,174401,048197,291500,0001,819,342
17Great Southern Bancorp, Inc.2025Joseph Turner518,072093,756872,9701,815,277
18Mercantile Bank Corporation2025Raymond Reitsma734,600471,2830462,7981,769,983
19QCR Holdings, Inc.2025Todd Gipple430,760490,3890558,1461,713,726
20Farmers National Banc Corp.2025Kevin Helmick686,850331,9130536,2501,644,243
21Community Trust Bancorp, Inc.2025Mark Gooch721,962137,0900740,4001,639,760
22Alerus Financial Corporation2025Katie Lorenson625,000437,5000484,6881,630,180
23Independent Bank Corporation2025William Kessel644,225446,6940391,3071,558,390
24Midland States Bancorp, Inc.2025Jeffrey Ludwig749,800562,3220194,9561,532,241
25Peoples Bancorp, Inc.2025Tyler Wilcox700,000259,1950416,8001,500,327
26HBT Financial, Inc.2025J. Lance Carter570,686278,6000427,8151,294,800

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
First Mid Bancshares, Inc.not disclosednot disclosednot disclosedBlanchard Consulting
1st Source Corporationnot disclosednot disclosedNoPearl Meyer
Alerus Financial Corporation141%PSU 60 · RSU 40NoFW Cook
Byline Bancorp, Inc.not disclosedPSU 50 · RSU 50Yes — Total Stockholder Return (TSR)Pearl Meyer
Community Trust Bancorp, Inc.75%Cash LTI 100NoPearl Meyer
Equity Bancshares, Inc.132.1%RSU 50 · PSU 50Yes — Total Stockholder Return (TSR)Blanchard Consulting Group
Farmers National Banc Corp.150%PSU 50 · RSU 25 · Cash LTI 25NoAon
FB Financial Corporation127.8%PSU 60 · RSU 40NoFW Cook
First Commonwealth Financial Corporation163.75%PSU 50 · RSU 50Yes — TSR Relative to PeersMeridian Compensation Partners LLC
First Financial Corporation126.05%RSU 100NoPearl Meyer
FirstSun Capital Bancorp102%RSU 50 · PSU 50YesMeridian Compensation Partners, LLC
German American Bancorp, Inc.67%RSU 100NoBCG
Great Southern Bancorp, Inc.not disclosedOption 100not disclosedPearl Meyer & Partners, LLC
HBT Financial, Inc.149%RSU 50 · PSU 50NoMcLagan Partners Inc.
Horizon Bancorpnot disclosednot disclosednot disclosedPearl Meyer
Independent Bank Corporation70%RSU 50 · PSU 50Yes — Total Shareholder Return (TSR) relative to Peer GroupMeridian Compensation Partners, LLC
Lakeland Financial Corporation106%PSU 60 · RSU 40NoPearl Meyer & Partners
Mercantile Bank Corporation105.6%PSU 65 · RSU 35NoAON
Midland States Bancorp, Inc.40%RSU 100not disclosedPearl Meyer & Partners, LLC
Nicolet Bankshares, Inc.not disclosednot disclosedNoPearl Meyer & Partners, LLC
Old Second Bancorp, Inc.118.4%RSU 50 · PSU 50NoAON/McLagan
Park National Corporationnot disclosedPSU 100NoMeridian Compensation Partners, LLC (through April 30, 2025) and Pay Governance (after April 30, 2025)
Peoples Bancorp, Inc.60%RSU 100NoPay Governance
QCR Holdings, Inc.not disclosedRSU 100not disclosedFrederic W. Cook & Co., Inc.
Republic Bancorp, Inc.100%not disclosedNonot disclosed
Stock Yards Bancorp, Inc.200%PSU 75 · Options 25NoAon's Human Capital Solutions

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at First Mid Bancshares, Inc. in fiscal 2025?
Joseph Dively, serving as Chairman & Chief Executive Officer, was the highest-paid executive with total compensation of $2,109,337.
How does First Mid Bancshares, Inc.'s chief executive pay compare to its disclosed peer group?
The company reported that the CEO's pay falls within the 56th percentile of the disclosed peer group.
What is First Mid Bancshares, Inc.'s CEO-to-median employee pay ratio?
The filing shows a CEO-to-median employee pay ratio of 44:1.
How did shareholders vote on First Mid Bancshares, Inc.'s executive compensation?
Shareholders approved the executive compensation plan with 97.31% support in the latest vote.
How much does First Mid Bancshares, Inc. spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $642,015.

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Joseph DivelyDEF 14A2026-03-170001193125-26-109951Section “SUMMARY COMPENSATION TABLE”. As printed: 2,109,337. Filing ↗machine: r2 · c12 · span 869694–869704
2Section 01, Matthew SmithDEF 14A2026-03-170001193125-26-109951Section “SUMMARY COMPENSATION TABLE”. As printed: 1,010,238. Filing ↗machine: r5 · c12 · span 883793–883803
3Section 01, Michael TaylorDEF 14A2026-03-170001193125-26-109951Section “SUMMARY COMPENSATION TABLE”. As printed: 909,402. Filing ↗machine: r8 · c12 · span 897856–897864
4Section 01, Jordan ReadDEF 14A2026-03-170001193125-26-109951Section “SUMMARY COMPENSATION TABLE”. As printed: 776,482. Filing ↗machine: r11 · c12 · span 911965–911973
5Section 01, Eric McRaeDEF 14A2026-03-170001193125-26-109951Section “SUMMARY COMPENSATION TABLE”. As printed: 732,114. Filing ↗machine: r14 · c12 · span 925904–925912
6Section 03, Jordan Read PSUDEF 14A2026-03-170001193125-26-109951Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t30 · r6 · c18 · span 989822–989829
7Section 03, Matthew Smith PSUDEF 14A2026-03-170001193125-26-109951Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t30 · r4 · c18 · span 976705–976712
8Section 03, Eric McRae PSUDEF 14A2026-03-170001193125-26-109951Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t30 · r7 · c18 · span 996378–996385
9Section 03, Joseph Dively PSUDEF 14A2026-03-170001193125-26-109951Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t30 · r3 · c18 · span 970146–970153
10Section 03, Michael Taylor PSUDEF 14A2026-03-170001193125-26-109951Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t30 · r5 · c18 · span 983265–983272
11Section 07, pay ratioDEF 14A2026-03-170001193125-26-109951Section “CEO Pay Ratio”. As printed: 44 : 1. Filing ↗machine: span 1138261–1138263
12Section 08, Holly B. AdamsDEF 14A2026-03-170001193125-26-109951Section “Director Compensation”. As printed: 85,272. Filing ↗machine: t35 · r2 · c7 · span 1152123–1152129
13Section 08, Robert S. CookDEF 14A2026-03-170001193125-26-109951Section “Director Compensation”. As printed: 80,772. Filing ↗machine: t35 · r3 · c7 · span 1154977–1154983
14Section 08, Mary J. WesterholdDEF 14A2026-03-170001193125-26-109951Section “Director Compensation”. As printed: 80,272. Filing ↗machine: t35 · r9 · c7 · span 1172104–1172110
15Section 08, James E. ZimmerDEF 14A2026-03-170001193125-26-109951Section “Director Compensation”. As printed: 77,772. Filing ↗machine: t35 · r10 · c7 · span 1174959–1174965
16Section 08, J. Kyle McCurryDEF 14A2026-03-170001193125-26-109951Section “Director Compensation”. As printed: 77,272. Filing ↗machine: t35 · r6 · c7 · span 1163540–1163546
17Section 08, Gisele A. MarcusDEF 14A2026-03-170001193125-26-109951Section “Director Compensation”. As printed: 76,272. Filing ↗machine: t35 · r5 · c7 · span 1160685–1160691
18Section 08, Paul L. PalmbyDEF 14A2026-03-170001193125-26-109951Section “Director Compensation”. As printed: 76,272. Filing ↗machine: t35 · r8 · c7 · span 1169246–1169252
19Section 08, Zachary I. HornDEF 14A2026-03-170001193125-26-109951Section “Director Compensation”. As printed: 75,272. Filing ↗machine: t35 · r4 · c7 · span 1157832–1157838
20Section 08, Alex J. MelvinDEF 14A2026-03-170001193125-26-109951Section “Director Compensation”. As printed: 12,839. Filing ↗machine: t35 · r7 · c7 · span 1166392–1166398
21Section 08, Joseph R. DivelyDEF 14A2026-03-170001193125-26-109951Section “Director Compensation”. As printed: 0. Filing ↗
22Section 02, James E. Zimmer 2026-04-02Form 42026-04-060000700565-26-000038Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Mary J. Westerhold 2026-04-02Form 42026-04-060000700565-26-000040Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Matthew Smith 2026-04-02Form 42026-04-060000700565-26-000037Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Robert S. Cook 2026-04-02Form 42026-04-060000700565-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Eric McRae 2026-04-02Form 42026-04-060000700565-26-000039Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Regina P. Nelson 2026-05-08Form 42026-05-110000700565-26-000041Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Robert S. Cook 2026-07-02Form 42026-07-060000700565-26-000042Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, James E. Zimmer 2026-07-02Form 42026-07-060000700565-26-000046Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Mary J. Westerhold 2026-07-02Form 42026-07-060000700565-26-000045Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Matthew Smith 2026-07-02Form 42026-07-060000700565-26-000044Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Eric McRae 2026-07-02Form 42026-07-060000700565-26-000043Insider equity transaction reported since the proxy statement. Filing ↗
33Section 06, 2026 voteForm 8-K2026-05-010001171843-26-002932Item 5.07 · say-on-pay result. As reported: 97.31% (votes for as printed: 18,015,590). Filing ↗
34Section 06, 2023 voteForm 8-K2023-05-010001171843-23-002720Item 5.07 · say-on-pay result. As reported: 97.77% (votes for as printed: 14,040,700). Filing ↗
35Section 06, 2020 voteForm 8-K2020-05-010000700565-20-000020Item 5.07 · say-on-pay result. As reported: 93.59%. Filing ↗
36Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
37Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
38Section 09b board cost (computed)ComputedcomputedCash 419,167 + equity 222,848 + all other 0 = 642,015, summed across the director compensation table rows.machine: formula: Σ = 642,015
39Nicolet Bankshares, Inc., Section 10b CEO totalDEF 14A2026-03-240001174850-26-000086CEO total compensation as printed in Nicolet Bankshares, Inc.'s own proxy. As printed: 14,944,068. Filing ↗machine: t24 · r3 · c21 · span 428027–428037
40Byline Bancorp, Inc., Section 10b CEO totalDEF 14A2026-04-200001193125-26-162758CEO total compensation as printed in Byline Bancorp, Inc.'s own proxy. As printed: 4,537,621. Filing ↗machine: span 1703328–1703337
41FB Financial Corporation, Section 10b CEO totalDEF 14A2026-04-060001649749-26-000027CEO total compensation as printed in FB Financial Corporation's own proxy. As printed: 3,766,403. Filing ↗machine: r2 · c24 · span 578306–578315
42Stock Yards Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-120001437749-26-007879CEO total compensation as printed in Stock Yards Bancorp, Inc.'s own proxy. As printed: 3,380,337. Filing ↗machine: r3 · c32 · span 991255–991264
43FirstSun Capital Bancorp, Section 10b CEO totalDEF 14A2026-04-210001709442-26-000022CEO total compensation as printed in FirstSun Capital Bancorp's own proxy. As printed: 3,341,470. Filing ↗machine: r6 · c48 · span 305883–305892
44Old Second Bancorp, Inc., Section 10b CEO totalDEF 14A2026-04-060001104659-26-039829CEO total compensation as printed in Old Second Bancorp, Inc.'s own proxy. As printed: 3,108,135. Filing ↗machine: t130 · r8 · c16 · span 753236–753245
45Equity Bancshares, Inc., Section 10b CEO totalDEF 14A2026-03-120001193125-26-103215CEO total compensation as printed in Equity Bancshares, Inc.'s own proxy. As printed: 3,073,975. Filing ↗machine: t185 · r2 · c31 · span 655068–655077
46Park National Corporation, Section 10b CEO totalDEF 14A2026-03-090000805676-26-000021CEO total compensation as printed in Park National Corporation's own proxy. As printed: 2,977,449. Filing ↗machine: t22 · r2 · c14 · span 845297–845306
47Lakeland Financial Corporation, Section 10b CEO totalDEF 14A2026-03-050000721994-26-000036CEO total compensation as printed in Lakeland Financial Corporation's own proxy. As printed: 2,473,892. Filing ↗machine: span 916200–916209
48First Financial Corporation, Section 10b CEO totalDEF 14A2026-03-170000714562-26-000017CEO total compensation as printed in First Financial Corporation's own proxy. As printed: 2,395,725. Filing ↗machine: r2 · c8 · span 818114–818123
491st Source Corporation, Section 10b CEO totalDEF 14A2026-03-130000034782-26-000021CEO total compensation as printed in 1st Source Corporation's own proxy. As printed: 2,190,564. Filing ↗machine: t33 · r8 · c10 · span 732069–732078
50First Mid Bancshares, Inc. (subject), Section 10b CEO totalDEF 14A2026-03-170001193125-26-109951CEO total compensation as printed in First Mid Bancshares, Inc.'s own proxy. As printed: 2,109,337. Filing ↗machine: r2 · c12 · span 869694–869704
51German American Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-030015CEO total compensation as printed in German American Bancorp, Inc.'s own proxy. As printed: 2,068,536. Filing ↗machine: span 816342–816351
52First Commonwealth Financial Corporation, Section 10b CEO totalDEF 14A2026-03-190001193125-26-115933CEO total compensation as printed in First Commonwealth Financial Corporation's own proxy. As printed: 2,000,604. Filing ↗machine: r4 · c34 · span 658732–658741
53Horizon Bancorp, Section 10b CEO totalDEF 14A2026-03-200000706129-26-000033CEO total compensation as printed in Horizon Bancorp's own proxy. As printed: 1,965,115. Filing ↗machine: span 583985–583994
54Republic Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-130001104659-26-027241CEO total compensation as printed in Republic Bancorp, Inc.'s own proxy. As printed: 1,819,342. Filing ↗machine: t262 · r15 · c18 · span 1699364–1699373
55Great Southern Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-310002077096-26-000017CEO total compensation as printed in Great Southern Bancorp, Inc.'s own proxy. As printed: 1,815,277. Filing ↗machine: span 320537–320546
56Mercantile Bank Corporation, Section 10b CEO totalDEF 14A2026-04-020001437749-26-010964CEO total compensation as printed in Mercantile Bank Corporation's own proxy. As printed: 1,769,983. Filing ↗machine: t42 · r1 · c20 · span 302151–302160
57QCR Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-090001171843-26-002356CEO total compensation as printed in QCR Holdings, Inc.'s own proxy. As printed: 1,713,726. Filing ↗machine: span 516480–516489
58Farmers National Banc Corp., Section 10b CEO totalDEF 14A2026-03-160001437749-26-008310CEO total compensation as printed in Farmers National Banc Corp.'s own proxy. As printed: 1,644,243. Filing ↗machine: r2 · c28 · span 608756–608765
59Community Trust Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-180001140361-26-009965CEO total compensation as printed in Community Trust Bancorp, Inc.'s own proxy. As printed: 1,639,760. Filing ↗machine: t117 · r1 · c6 · span 440283–440292
60Alerus Financial Corporation, Section 10b CEO totalDEF 14A2026-04-010001437749-26-010883CEO total compensation as printed in Alerus Financial Corporation's own proxy. As printed: 1,630,180. Filing ↗machine: span 526881–526890
61Independent Bank Corporation, Section 10b CEO totalDEF 14A2026-03-060000039311-26-000011CEO total compensation as printed in Independent Bank Corporation's own proxy. As printed: 1,558,390. Filing ↗machine: t19 · r2 · c12 · span 361242–361252
62Midland States Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-230001104659-26-033298CEO total compensation as printed in Midland States Bancorp, Inc.'s own proxy. As printed: 1,532,241. Filing ↗machine: r1 · c35 · span 487815–487824
63Peoples Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-060000318300-26-000104CEO total compensation as printed in Peoples Bancorp, Inc.'s own proxy. As printed: 1,500,327. Filing ↗machine: t174 · r4 · c19 · span 1008838–1008848
64HBT Financial, Inc., Section 10b CEO totalDEF 14A2026-04-080000775215-26-000037CEO total compensation as printed in HBT Financial, Inc.'s own proxy. As printed: 1,294,800. Filing ↗machine: span 498480–498489
65Section 10a, Mercantile Bank Corporation reciprocityDEF 14A0001437749-26-010964Mercantile Bank Corporation names First Mid Bancshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
66Section 10a, German American Bancorp, Inc. reciprocityDEF 14A0001104659-26-030015German American Bancorp, Inc. names First Mid Bancshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, Park National Corporation reciprocityDEF 14A0000805676-26-000021Park National Corporation's most recent proxy was read; its disclosed peer group does not include First Mid Bancshares, Inc.. Filing ↗
68Section 10a, Horizon Bancorp reciprocityDEF 14A0000706129-26-000033Horizon Bancorp names First Mid Bancshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
69Section 10a, 1st Source Corporation reciprocityDEF 14A0000034782-26-0000211st Source Corporation names First Mid Bancshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
70Section 10a, Midland States Bancorp, Inc. reciprocityDEF 14A0001104659-26-033298Midland States Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include First Mid Bancshares, Inc.. Filing ↗
71Section 10a, FB Financial Corporation reciprocityDEF 14A0001649749-26-000027FB Financial Corporation's most recent proxy was read; its disclosed peer group does not include First Mid Bancshares, Inc.. Filing ↗
72Section 10a, Farmers National Banc Corp. reciprocityDEF 14A0001437749-26-008310Farmers National Banc Corp.'s most recent proxy was read; its disclosed peer group does not include First Mid Bancshares, Inc.. Filing ↗
73Section 10a, Nicolet Bankshares, Inc. reciprocityDEF 14A0001174850-26-000086Nicolet Bankshares, Inc. names First Mid Bancshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
74Section 10a, Equity Bancshares, Inc. reciprocityDEF 14A0001193125-26-103215Equity Bancshares, Inc. names First Mid Bancshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
75Section 10a, Old Second Bancorp, Inc. reciprocityDEF 14A0001104659-26-039829Old Second Bancorp, Inc. names First Mid Bancshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
76Section 10a, Byline Bancorp, Inc. reciprocityDEF 14A0001193125-26-162758Byline Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include First Mid Bancshares, Inc.. Filing ↗
77Section 10a, Community Trust Bancorp, Inc. reciprocityDEF 14A0001140361-26-009965Community Trust Bancorp, Inc. names First Mid Bancshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
78Section 10a, Lakeland Financial Corporation reciprocityDEF 14A0000721994-26-000036Lakeland Financial Corporation's most recent proxy was read; its disclosed peer group does not include First Mid Bancshares, Inc.. Filing ↗
79Section 10a, HBT Financial, Inc. reciprocityDEF 14A0000775215-26-000037HBT Financial, Inc. names First Mid Bancshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
80Section 10a, Stock Yards Bancorp, Inc. reciprocityDEF 14A0001437749-26-007879Stock Yards Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include First Mid Bancshares, Inc.. Filing ↗
81Section 10a, Independent Bank Corporation reciprocityDEF 14A0000039311-26-000011Independent Bank Corporation names First Mid Bancshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
82Section 10a, Peoples Bancorp, Inc. reciprocityDEF 14A0000318300-26-000104Peoples Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include First Mid Bancshares, Inc.. Filing ↗
83Section 10a, First Financial Corporation reciprocityDEF 14A0000714562-26-000017First Financial Corporation names First Mid Bancshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
84Section 10a, First Commonwealth Financial Corporation reciprocityDEF 14A0001193125-26-115933First Commonwealth Financial Corporation's most recent proxy was read; its disclosed peer group does not include First Mid Bancshares, Inc.. Filing ↗
85Section 10a, QCR Holdings, Inc. reciprocityDEF 14A0001171843-26-002356QCR Holdings, Inc. names First Mid Bancshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
86Section 10a, Republic Bancorp, Inc. reciprocityDEF 14A0001104659-26-027241Republic Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include First Mid Bancshares, Inc.. Filing ↗