Companies Horizon Bancorp Inc /IN/
Horizon Bancorp Inc /IN/ (HNBC): executive pay, fiscal 2025
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CEO pay, last three years
- $1,965,115FY2025
CEO total pay was $1,965,115 in fiscal 2025; the brief holds no earlier figure for this CEO.
FY2025: salary $685,000 · stock awards $569,973 · option awards $0
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 |
|---|---|---|---|---|---|---|---|---|
| Thomas Prame | $685,000 | — | $569,973 | $0 | $601,088 | $0 | $109,054 | $1,965,115 |
| President/CEO | ||||||||
| John Stewart | 453,200 | — | 249,238 | 0 | 339,900 | 0 | 74,870 | 1,117,208 |
| Chief Financial Officer | ||||||||
| Lynn Kerber | 373,070 | — | 149,197 | 0 | 195,862 | 0 | 73,223 | 791,352 |
| EVP, Chief Commercial Banking Officer | ||||||||
| Kathie DeRuiter | 345,911 | — | 138,348 | 0 | 163,443 | 0 | 67,773 | 715,475 |
| EVP, Senior Operations Officer | ||||||||
| Mark Secor | 309,000 | — | 123,590 | 0 | 146,003 | 0 | 65,658 | 644,251 |
| EVP, Chief Administration 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 |
|---|---|---|---|---|
| Thomas Prame | $1,965,115 | — | — | — |
| John Stewart | 1,117,208 | — | — | — |
| Lynn Kerber | 791,352 | — | — | — |
| Kathie DeRuiter | 715,475 | — | — | — |
| Mark Secor | 644,251 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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 Secor | RSU | 6,188 | — | $104,948 |
| Kathie DeRuiter | RSU | 8,059 | — | 136,681 |
| Lynn Kerber | RSU | 8,466 | — | 143,583 |
| John Stewart | PSU | 9,525 | — | 161,544 |
| Mark Secor | PSU | 16,880 | — | 286,285 |
| Kathie DeRuiter | PSU | 23,425 | — | 397,288 |
| Lynn Kerber | PSU | 24,364 | — | 413,213 |
| Thomas Prame | RSU | 33,619 | — | 570,178 |
| John Stewart | RSU | 66,043 | — | 1,120,089 |
| Thomas Prame | PSU | 75,249 | — | 1,276,223 |
Director compensation
No director compensation table is on file for fiscal year 2025.
Board fee structure and ownership guideline
| Annual cash retainer | $45,000 |
|---|---|
| Annual equity retainer | $45,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 7,500 / 7,500 |
| Stock ownership guideline | $3 |
Peer group, and who names Horizon Bancorp Inc /IN/ as a peer
Companies that benchmark against HNBC
No companies currently name HNBC as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
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 | Horizon Bancorp Inc /IN/ | 2025 | Thomas Prame | $685,000 | $569,973 | $0 | $601,088 | $1,965,115 |
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
No say-on-pay vote is on file for this company.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (6 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, Thomas Prame. DEF 14A, filed 2026-03-20. Section “Executive Compensation” · page 47. As printed: 1,965,115. View filing ↗
- Section 01, John Stewart. DEF 14A, filed 2026-03-20. Section “Executive Compensation” · page 47. As printed: 1,117,208. View filing ↗
- Section 01, Lynn Kerber. DEF 14A, filed 2026-03-20. Section “Executive Compensation” · page 47. As printed: 791,352. View filing ↗
- Section 01, Kathie DeRuiter. DEF 14A, filed 2026-03-20. Section “Executive Compensation” · page 47. As printed: 715,475. View filing ↗
- Section 01, Mark Secor. DEF 14A, filed 2026-03-20. Section “Executive Compensation” · page 47. As printed: 644,251. View filing ↗
- Horizon Bancorp Inc /IN/ (subject), Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Horizon Bancorp Inc /IN/'s own proxy. As printed: 1,965,115. View filing ↗