Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-21

HBT Financial, Inc. (HBT)

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.

$1,294,800
J. Lance Carter total, FY2025
10th
CEO pay percentile vs peers
22:1
CEO-to-median pay ratio
98.68%
Say-on-pay support, latest vote
Companies that benchmark against HBT
10 companies name HBT as a compensation peer

Each company listed discloses HBT 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 HBT 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
J. Lance Carter$570,686$0$278,600$0$427,815$0$17,699$1,294,800
President, Chief Executive Officer and Director
Peter Chapman346,8560134,4000208,392014,065703,713
Executive Vice President and Chief Financial Officer
Fred Drake350,0000140,0000208,72602,235700,961
Executive Chairman
Lawrence Horvath342,208099,8500154,061017,359613,478
Executive Vice President and Chief Lending Officer
Mark Scheirer277,205079,9500125,131020,495502,781
Executive Vice President and Chief Credit 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
J. Lance Carter$1,294,800$1,218,259$1,015,465+76,541
Peter Chapman703,713672,811595,741+30,902
Fred Drake700,961738,280924,763−37,319
Lawrence Horvath613,478591,795+21,683
Mark Scheirer502,781463,220+39,561

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
Fred L. DrakeDirector2026-04-28D15,742$29$455,416CommonForm 4 ↗
Mark ScheirerEVP & Chief Credit Officer2026-04-30D4,11800CommonForm 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
Mark ScheirerRSU2025-02-281,599$39,975
Peter ChapmanPSU2025-02-286722,6882,6884,03267,200
Peter ChapmanRSU2025-02-282,68867,200
J. Lance CarterPSU2025-02-281,3935,5725,5728,358139,300
Mark ScheirerPSU2025-02-284001,5991,5992,39939,975
J. Lance CarterRSU2025-02-285,572139,300
Fred L. DrakePSU2025-02-287002,8002,8004,20070,000
Lawrence HorvathPSU2025-02-284991,9971,9972,99649,925
Fred L. DrakeRSU2025-02-282,80070,000
Lawrence HorvathRSU2025-02-281,99749,925
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mark Scheirer$39,975$39,975$050.0%
Peter Chapman67,20067,200050.0%
J. Lance Carter139,300139,300050.0%
Fred L. Drake70,00070,000050.0%
Lawrence Horvath49,92549,925050.0%

% 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
J. Lance CarterPSU22,726$100,287
Lawrence HorvathPSU9,74843,017
DrakeRSU2,5127,007
DrakeRSU4,2417,830
J. Lance CarterRSU1,8948,358
Lawrence HorvathRSU6792,996
J. Lance CarterRSU3,6948,186
Lawrence HorvathRSU4,35819,231
Mark ScheirerRSU3,09013,636
DrakeRSU7,70533,993
Mark ScheirerPSU6,53028,816
Peter ChapmanPSU13,29558,669
DrakePSU19,03783,987
Mark ScheirerRSU5442,399
J. Lance CarterRSU10,62946,905
DrakeRSU9524,200
Mark ScheirerRSU1,0982,520
Peter ChapmanRSU11,97052,822
Peter ChapmanRSU9144,032
Lawrence HorvathRSU1,5153,777
05

Incentive-plan design — the Compensation Discussion & Analysis

We structure our executive compensation program to align with business objectives, to motivate our NEOs to enhance long-term business results, and to enable us to attract talent and retain and reward executive officers who contribute to our financial performance and success.

CEO STI target (% of salary)50%
CEO LTI target (% of salary)
Independent consultantMcLagan Partners Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1929,046,470200,525188,85498.68%Passed
20252025-05-2027,023,829334,84021,10898.7%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
20262026-05-1998.68%a
20252025-05-2098.7%b

a. Approved under the standard stated in the filing — “Abstentions have the same effect as a vote cast against the proposal.”.

b. Approved under the standard stated in the filing — “Abstentions have the same effect as a vote cast against the proposal.”.

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)22 : 1
CEO total compensation$1,294,800
Median employee compensation$59,239
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Gerald E. PfeifferIndependent · Audit (Chair) · Enterprise Risk Management (Chair) · Compensation · Nominating and Corporate Governance$38,075$15,000$0$0$6,175$59,250
C. Alvin BowmanIndependent · Audit · Enterprise Risk Management · Nominating and Corporate Governance (Chair)31,97515,000008,25055,225
Eric E. BurwellIndependent · Compensation (Chair) · Enterprise Risk Management32,90015,000006,17554,075
Allen C. DrakeIndependent · Nominating and Corporate Governance30,07515,000007,47552,550
Linda J. KochIndependent · Audit · Compensation · Nominating and Corporate Governance30,35015,000006,17551,525
Roger A. BakerIndependent · Audit · Enterprise Risk Management27,77515,000006,17548,950
Nancy L. RuyleIndependent · Partial-year service · Newly elected000000
Fred L. DrakeEmployee director · Board Chair00000
Michael J. MortonIndependent · Partial-year service · Newly elected000000
James T. AshworthIndependent · Partial-year service · Newly elected000000
Patrick F. BuschNot independent000000
J. Lance CarterEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$19,000
Annual equity retainer$11,436
Per board meeting fee$775
Committee chair fees (audit / comp / nom-gov)7,800 / 5,200 / 3,200
Stock ownership guidelinethe individual should meet the required ownership amount within five years from the effective date of the increased requirement.
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$191,150
Equity awards (grant-date value)$90,000
All other compensation$40,425
Total cost of the board$321,575

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 HBT Financial, 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 HBT Financial, 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
3Stock Yards Bancorp, Inc.2025James Hillebrand875,000656,250218,7501,487,5003,380,337
4Old Second Bancorp, Inc.2025James Eccher914,2171,075,0660852,3003,108,135
5Civista Bancshares, Inc.2025Dennis Shaffer573,657166,2460258,1462,894,036
6Lakeland Financial Corporation2025David Findlay739,6541,304,5820393,1282,473,892
7First Financial Corporation2025Norman D. Lowery675,350523,5030486,2522,395,725
8First Mid Bancshares, Inc.2025Joseph Dively543,400514,27201,019,3642,109,337
9German American Bancorp, Inc.2025D. Neil Dauby770,000517,4640602,5252,068,536
10Horizon Bancorp, Inc.2025Thomas Prame685,000569,9730601,0881,965,115
11Great Southern Bancorp, Inc.2025Joseph Turner518,072093,756872,9701,815,277
12Bank First Corporation2025Michael Molepske805,838463,7870463,7631,800,787
13Mercantile Bank Corporation2025Raymond Reitsma734,600471,2830462,7981,769,983
14QCR Holdings, Inc.2025Todd Gipple430,760490,3890558,1461,713,726
15Farmers National Banc Corp.2025Kevin Helmick686,850331,9130536,2501,644,243
16MidWestOne Financial Group, Inc.2024Charles Reeves646,875400,0030534,0391,611,393
17Independent Bank Corporation2025William Kessel644,225446,6940391,3071,558,390
18Midland States Bancorp, Inc.2025Jeffrey Ludwig749,800562,3220194,9561,532,241
19Peoples Bancorp Inc.2025Tyler Wilcox700,000259,1950416,8001,500,327
20HBT Financial, Inc.2025J. Lance Carter570,686278,6000427,8151,294,800
21Premier Financial Corp.2023Gary Small617,077309,5900119,3401,107,726
22Southern Missouri Bancorp, Inc.2025Greg A. Steffens461,00037,76340,5900690,774

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
HBT Financial, Inc.149%RSU 50 · PSU 50NoMcLagan Partners Inc.
Bank First Corporation74.6%RSU 100not disclosedPearl Meyer
Byline Bancorp, Inc.not disclosedPSU 50 · RSU 50Yes — Total Stockholder Return (TSR)Pearl Meyer
Civista Bancshares, Inc.74%RSU 100not disclosedBlanchard Consulting Group
Farmers National Banc Corp.150%PSU 50 · RSU 25 · Cash LTI 25NoAon
First Financial Corporation126.05%RSU 100NoPearl Meyer
First Mid Bancshares, Inc.not disclosednot disclosednot disclosedBlanchard Consulting
German American Bancorp, Inc.67%RSU 100NoBCG
Great Southern Bancorp, Inc.not disclosedOption 100not disclosedPearl Meyer & Partners, LLC
Horizon Bancorp, Inc.not 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
MidWestOne Financial Group, Inc.127.0%PSU 60 · RSU 40NoFrederic W. Cook & Co., Inc.
Nicolet Bankshares, Inc.not disclosednot disclosedNoPearl Meyer & Partners, LLC
Old Second Bancorp, Inc.118.4%RSU 50 · PSU 50NoAON/McLagan
Peoples Bancorp Inc.60%RSU 100NoPay Governance
Premier Financial Corp.38%PSU 67 · RSU 33Yes — 3-year Total Shareholder Return (rTSR)Pearl Meyer & Partners, LLC
QCR Holdings, Inc.not disclosedRSU 100not disclosedFrederic W. Cook & Co., Inc.
Southern Missouri Bancorp, Inc.16.7%not disclosednot disclosednot 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 HBT Financial, Inc. in fiscal 2025?
As disclosed, the highest-paid executive at HBT Financial, Inc. in fiscal 2025 was J. Lance Carter, President, Chief Executive Officer and Director, with total compensation of $1,294,800.
How does HBT Financial, Inc.'s chief executive pay compare to its disclosed peer group?
The filing shows that the chief executive's pay placed him at the 10th percentile of the disclosed peer group.
What is HBT Financial, Inc.'s CEO-to-median employee pay ratio?
The company reported a CEO-to-median employee pay ratio of 22:1.
How did shareholders vote on HBT Financial, Inc.'s executive compensation?
Shareholders approved the executive compensation plan with 98.68% support in the latest vote.
How much does HBT Financial, Inc. spend in total on board compensation for fiscal 2025?
The filing shows total board compensation for fiscal 2025 was $321,575.

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, J. Lance CarterDEF 14A2026-04-080000775215-26-000037Section “Summary Compensation Table”. As printed: 1,294,800. Filing ↗machine: span 498480–498489
2Section 01, Peter ChapmanDEF 14A2026-04-080000775215-26-000037Section “Summary Compensation Table”. As printed: 703,713. Filing ↗machine: span 509526–509533
3Section 01, Fred DrakeDEF 14A2026-04-080000775215-26-000037Section “Summary Compensation Table”. As printed: 700,961. Filing ↗machine: span 486759–486766
4Section 01, Lawrence HorvathDEF 14A2026-04-080000775215-26-000037Section “Summary Compensation Table”. As printed: 613,478. Filing ↗machine: span 521434–521441
5Section 01, Mark ScheirerDEF 14A2026-04-080000775215-26-000037Section “Summary Compensation Table”. As printed: 502,781. Filing ↗machine: span 529650–529657
6Section 03, Mark Scheirer RSUDEF 14A2026-04-080000775215-26-000037Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r16 · c30 · span 631562–631568
7Section 03, Peter Chapman PSUDEF 14A2026-04-080000775215-26-000037Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r10 · c30 · span 605581–605587
8Section 03, Peter Chapman RSUDEF 14A2026-04-080000775215-26-000037Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r10 · c30 · span 605581–605587
9Section 03, J. Lance Carter PSUDEF 14A2026-04-080000775215-26-000037Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r7 · c30 · span 592202–592209
10Section 03, Mark Scheirer PSUDEF 14A2026-04-080000775215-26-000037Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r16 · c30 · span 631562–631568
11Section 03, J. Lance Carter RSUDEF 14A2026-04-080000775215-26-000037Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r7 · c30 · span 592202–592209
12Section 03, Fred L. Drake PSUDEF 14A2026-04-080000775215-26-000037Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r3 · c7 · span 571059–571065
13Section 03, Lawrence Horvath PSUDEF 14A2026-04-080000775215-26-000037Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r13 · c30 · span 618186–618192
14Section 03, Fred L. Drake RSUDEF 14A2026-04-080000775215-26-000037Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r3 · c7 · span 571059–571065
15Section 03, Lawrence Horvath RSUDEF 14A2026-04-080000775215-26-000037Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r13 · c30 · span 618186–618192
16Section 07, pay ratioDEF 14A2026-04-080000775215-26-000037Section “CEO Pay Ratio”. As printed: 22 : 1. Filing ↗machine: span 778857–778859
17Section 08, Gerald E. PfeifferDEF 14A2026-04-080000775215-26-000037Section “Director Compensation”. As printed: 59,250. Filing ↗machine: t30 · r10 · c15 · span 929278–929284
18Section 08, C. Alvin BowmanDEF 14A2026-04-080000775215-26-000037Section “Director Compensation”. As printed: 55,225. Filing ↗machine: t30 · r4 · c15 · span 912914–912920
19Section 08, Eric E. BurwellDEF 14A2026-04-080000775215-26-000037Section “Director Compensation”. As printed: 54,075. Filing ↗machine: t30 · r5 · c15 · span 915608–915614
20Section 08, Allen C. DrakeDEF 14A2026-04-080000775215-26-000037Section “Director Compensation”. As printed: 52,550. Filing ↗machine: t30 · r7 · c15 · span 921001–921007
21Section 08, Linda J. KochDEF 14A2026-04-080000775215-26-000037Section “Director Compensation”. As printed: 51,525. Filing ↗machine: t30 · r8 · c15 · span 923693–923699
22Section 08, Roger A. BakerDEF 14A2026-04-080000775215-26-000037Section “Director Compensation”. As printed: 48,950. Filing ↗machine: t30 · r3 · c15 · span 910220–910226
23Section 08, Nancy L. RuyleDEF 14A2026-04-080000775215-26-000037Section “Director Compensation”. As printed: 0. Filing ↗machine: t30 · r11 · c15 · span 932081–932082
24Section 08, Fred L. DrakeDEF 14A2026-04-080000775215-26-000037Section “Director Compensation”. As printed: 0. Filing ↗
25Section 08, Michael J. MortonDEF 14A2026-04-080000775215-26-000037Section “Director Compensation”. As printed: 0. Filing ↗machine: t30 · r9 · c15 · span 926499–926500
26Section 08, James T. AshworthDEF 14A2026-04-080000775215-26-000037Section “Director Compensation”. As printed: 0. Filing ↗machine: t30 · r2 · c15 · span 907419–907420
27Section 08, Patrick F. BuschDEF 14A2026-04-080000775215-26-000037Section “Director Compensation”. As printed: 0. Filing ↗machine: t30 · r6 · c15 · span 918226–918227
28Section 08, J. Lance CarterDEF 14A2026-04-080000775215-26-000037Section “Director Compensation”. As printed: 0. Filing ↗
29Section 02, Fred L. Drake 2026-04-28Form 42026-04-300001789530-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Mark Scheirer 2026-04-30Form 42026-05-010001789910-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
31Section 06, 2026 voteForm 8-K2026-05-210000775215-26-000059Item 5.07 · say-on-pay result. As reported: 98.68% (votes for as printed: 29,046,470). Filing ↗
32Section 06, 2025 voteForm 8-K2025-05-220000775215-25-000024Item 5.07 · say-on-pay result. As reported: 98.7% (votes for as printed: 27,023,829). Filing ↗
33Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
34Section 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
35Section 09b board cost (computed)ComputedcomputedCash 191,150 + equity 90,000 + all other 40,425 = 321,575, summed across the director compensation table rows.machine: formula: Σ = 321,575
36Nicolet 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
37Byline 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
38Stock 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
39Old 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
40Civista Bancshares, Inc., Section 10b CEO totalDEF 14A2026-04-070001193125-26-145510CEO total compensation as printed in Civista Bancshares, Inc.'s own proxy. As printed: 2,894,036. Filing ↗machine: span 535149–535158
41Lakeland 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
42First 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
43First Mid Bancshares, Inc., 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
44German 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
45Horizon Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-200000706129-26-000033CEO total compensation as printed in Horizon Bancorp, Inc.'s own proxy. As printed: 1,965,115. Filing ↗machine: span 583985–583994
46Great 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
47Bank First Corporation, Section 10b CEO totalDEF 14A2026-04-240001104659-26-048526CEO total compensation as printed in Bank First Corporation's own proxy. As printed: 1,800,787. Filing ↗machine: t29 · r1 · c43 · span 725655–725664
48Mercantile 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
49QCR 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
50Farmers 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
51MidWestOne Financial Group, Inc., Section 10b CEO totalDEF 14A2025-03-110001412665-25-000046CEO total compensation as printed in MidWestOne Financial Group, Inc.'s own proxy. As printed: 1,611,393. Filing ↗machine: span 451813–451822
52Independent 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
53Midland 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
54Peoples 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
55HBT Financial, Inc. (subject), 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
56Premier Financial Corp., Section 10b CEO totalDEF 14A2024-03-180001140361-24-013910CEO total compensation as printed in Premier Financial Corp.'s own proxy. As printed: 1,107,726. Filing ↗machine: span 599128–599137
57Southern Missouri Bancorp, Inc., Section 10b CEO totalDEF 14A2025-09-190001104659-25-091709CEO total compensation as printed in Southern Missouri Bancorp, Inc.'s own proxy. As printed: 690,774. Filing ↗machine: t45 · r6 · c26 · span 506049–506056
58Section 10a, Horizon Bancorp, Inc. reciprocityDEF 14A0000706129-26-000033Horizon Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include HBT Financial, Inc.. Filing ↗
59Section 10a, Mercantile Bank Corporation reciprocityDEF 14A0001437749-26-010964Mercantile Bank Corporation's most recent proxy was read; its disclosed peer group does not include HBT Financial, Inc.. Filing ↗
60Section 10a, Peoples Bancorp Inc. reciprocityDEF 14A0000318300-26-000104Peoples Bancorp Inc.'s most recent proxy was read; its disclosed peer group does not include HBT Financial, Inc.. Filing ↗
61Section 10a, First Mid Bancshares, Inc. reciprocityDEF 14A0001193125-26-109951First Mid Bancshares, Inc. names HBT Financial, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, Byline Bancorp, Inc. reciprocityDEF 14A0001193125-26-162758Byline Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include HBT Financial, Inc.. Filing ↗
63Section 10a, Independent Bank Corporation reciprocityDEF 14A0000039311-26-000011Independent Bank Corporation names HBT Financial, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
64Section 10a, Lakeland Financial Corporation reciprocityDEF 14A0000721994-26-000036Lakeland Financial Corporation's most recent proxy was read; its disclosed peer group does not include HBT Financial, Inc.. Filing ↗
65Section 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 HBT Financial, Inc.. Filing ↗
66Section 10a, MidWestOne Financial Group, Inc. reciprocityDEF 14A0001412665-25-000046MidWestOne Financial Group, Inc.'s most recent proxy was read; its disclosed peer group does not include HBT Financial, Inc.. Filing ↗
67Section 10a, Nicolet Bankshares, Inc. reciprocityDEF 14A0001174850-26-000086Nicolet Bankshares, Inc.'s most recent proxy was read; its disclosed peer group does not include HBT Financial, Inc.. Filing ↗
68Section 10a, Old Second Bancorp, Inc. reciprocityDEF 14A0001104659-26-039829Old Second Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include HBT Financial, Inc.. Filing ↗
69Section 10a, QCR Holdings, Inc. reciprocityDEF 14A0001171843-26-002356QCR Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include HBT Financial, Inc.. Filing ↗
70Section 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 HBT Financial, Inc.. Filing ↗
71Section 10a, Bank First Corporation reciprocityDEF 14A0001104659-26-048526Bank First Corporation names HBT Financial, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
72Section 10a, Civista Bancshares, Inc. reciprocityDEF 14A0001193125-26-145510Civista Bancshares, Inc. names HBT Financial, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
73Section 10a, First Financial Corporation reciprocityDEF 14A0000714562-26-000017First Financial Corporation names HBT Financial, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
74Section 10a, German American Bancorp, Inc. reciprocityDEF 14A0001104659-26-030015German American Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include HBT Financial, Inc.. Filing ↗
75Section 10a, Premier Financial Corp. reciprocityDEF 14A0001140361-24-013910Premier Financial Corp.'s most recent proxy was read; its disclosed peer group does not include HBT Financial, Inc.. Filing ↗
76Section 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 HBT Financial, Inc.. Filing ↗