Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-17

Isabella Bank Corp (ISBA)

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.

$765,306
Jerome Schwind total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
96.88%
Say-on-pay support, latest vote
Companies that benchmark against ISBA
3 companies name ISBA as a compensation peer

Each company listed discloses ISBA 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 ISBA 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
Jerome Schwind$522,349$55,720$92,000$0$0$19,891$75,346$765,306
President and CEO of Isabella Bank Corporation and CEO of Isabella Bank
Neil McDonnell393,46158,50052,5000015,72254,101574,284
President of Isabella Bank
William Schaefer184,00013,59800023164,282262,111
CFO of Isabella Bank Corporation and Isabella Bank

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
Jerome Schwind$765,306$586,561+178,745
Neil McDonnell574,284471,917+102,367
William Schaefer262,111230,684+31,427

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
Jill BourlandDirector2026-04-16A6.14$49$300CommonForm 4 ↗
Jill BourlandDirector2026-05-18A7.3141300CommonForm 4 ↗
Sarah R. OppermanDirector2026-06-01A43411,784CommonForm 4 ↗
Melinda M. CoffinDirector2026-06-01A30411,245CommonForm 4 ↗
Jerome E. SchwindDirector2026-06-01A113414,688CommonForm 4 ↗
Neil Michael McDonnellDirector2026-06-01A341124CommonForm 4 ↗
Dr. Jeffrey J. BarnesDirector2026-06-01A225419,335CommonForm 4 ↗
Brian R. SackettDirector2026-06-01A2241913CommonForm 4 ↗
Vicki L. RuppDirector2026-06-01A30411,245CommonForm 4 ↗
Brian B. TessinDirector2026-06-01A741290CommonForm 4 ↗
Jill BourlandDirector2026-06-01A941373CommonForm 4 ↗
Jill BourlandDirector2026-06-16A7.2441300CommonForm 4 ↗
Jill BourlandDirector2026-07-16A7.6839300CommonForm 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
Neil McDonnellRSA2025-03-312,226$52,500
Jerome SchwindRSA2025-03-313,90092,000
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% 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
Neil McDonnellPSU1,444$72,200
Jerome SchwindPSU3,900195,000
Neil McDonnellPSU2,226111,300
Jerome SchwindPSU2,053102,650
Neil McDonnellPSU1,29064,500
Jerome SchwindPSU1,92296,100
05

Incentive-plan design — the Compensation Discussion & Analysis

The primary purpose of the plan is to promote our growth and profitability by attracting and retaining executive officers and key employees of outstanding competence through ownership of equity that provides them with incentives to achieve corporate objectives.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policyTrue
Anti-hedging
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-053,170,901102,232113,85296.88%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
20262026-05-0596.88%a

a. Approved under the standard stated in the filing — “In addition, if a shareholder abstains from voting on a particular proposal presented for approval at the Annual Meeting, the abstention does not count as a vote in favor of or 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)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Dr. Jeffrey J. BarnesIndependent · Nominating and Corporate Governance (Chair)$0$0$0$0$35,640$76,640
Sarah R. OppermanIndependent · Board Chair · Audit (Ex-Officio) · Nominating and Corporate Governance (Ex-Officio) · Compensation and Human Resource (Ex-Officio)55,0000006,94661,946
Jill BourlandIndependent · Audit (Chair) · Nominating and Corporate Governance48,0000001,46649,466
Vicki L. RuppIndependent · Compensation and Human Resource44,0000004,67748,677
Melinda M. CoffinIndependent · Audit · Compensation and Human Resource (Chair)42,0000004,75946,759
Brian R. SackettIndependent00003,55643,556
Jae A. EvansNot independent40,0000003,35843,358
David B. BehenIndependent · Compensation and Human Resource · Newly elected33,333000033,333
Chad R. PaytonIndependent · Departed during FY22,0000001,84223,842
Brian B. TessinIndependent · Audit · Compensation and Human Resource · Newly elected00006410,064
Neil M. McDonnellEmployee director00000
Jerome E. SchwindEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)8,000 / 4,000 / 1,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$284,333
Equity awards (grant-date value)$0
All other compensation$62,308
Total cost of the board$346,641

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

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
1Isabella Bank Corp2025Jerome Schwind$522,349$92,000$0$0$765,306

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Isabella Bank Corp in fiscal 2025?
Jerome Schwind was the highest-paid executive at Isabella Bank Corp in fiscal 2025, with total compensation of $765,306.
How does Isabella Bank Corp's chief executive pay compare to its disclosed peer group?
The filing does not disclose the CEO pay percentile of the peer group for Isabella Bank Corp.
What is Isabella Bank Corp's CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio is not disclosed in this extract.
How did shareholders vote on Isabella Bank Corp's executive compensation?
Shareholders voted 96.88% in support of Isabella Bank Corp's executive compensation.
How much does Isabella Bank Corp spend in total on board compensation for fiscal 2025?
Isabella Bank Corp spent $346,641 in total on board compensation for fiscal 2025.

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, Jerome SchwindDEF 14A2026-03-230000842517-26-000082Section “Summary Compensation Table”. As printed: 765,306. Filing ↗machine: r2 · c39 · span 174437–174444
2Section 01, Neil McDonnellDEF 14A2026-03-230000842517-26-000082Section “Summary Compensation Table”. As printed: 574,284. Filing ↗machine: r6 · c39 · span 186630–186637
3Section 01, William SchaeferDEF 14A2026-03-230000842517-26-000082Section “Summary Compensation Table”. As printed: 262,111. Filing ↗machine: r4 · c39 · span 180558–180565
4Section 03, Neil McDonnell RSADEF 14A2026-03-230000842517-26-000082Section “CEO, CFO,” · grants of plan-based awards table. Filing ↗machine: t5 · r6 · c9 · span 185403–185409
5Section 03, Jerome Schwind RSADEF 14A2026-03-230000842517-26-000082Section “CEO, CFO,” · grants of plan-based awards table. Filing ↗machine: t5 · r2 · c9 · span 173054–173060
6Section 07, pay ratio10-K2026-03-130000842517-26-000069Section “CEO Pay Ratio”. As printed: —. Filing ↗
7Section 08, Dr. Jeffrey J. BarnesDEF 14A2026-03-230000842517-26-000082Section “Director Compensation”. As printed: 76,640. Filing ↗machine: t11 · r2 · c10 · span 291940–291946
8Section 08, Sarah R. OppermanDEF 14A2026-03-230000842517-26-000082Section “Director Compensation”. As printed: 61,946. Filing ↗machine: t11 · r7 · c10 · span 301069–301075
9Section 08, Jill BourlandDEF 14A2026-03-230000842517-26-000082Section “Director Compensation”. As printed: 49,466. Filing ↗machine: t11 · r4 · c10 · span 295608–295614
10Section 08, Vicki L. RuppDEF 14A2026-03-230000842517-26-000082Section “Director Compensation”. As printed: 48,677. Filing ↗machine: t11 · r9 · c10 · span 304705–304711
11Section 08, Melinda M. CoffinDEF 14A2026-03-230000842517-26-000082Section “Director Compensation”. As printed: 46,759. Filing ↗machine: t11 · r5 · c10 · span 297430–297436
12Section 08, Brian R. SackettDEF 14A2026-03-230000842517-26-000082Section “Director Compensation”. As printed: 43,556. Filing ↗machine: t11 · r10 · c10 · span 306526–306532
13Section 08, Jae A. EvansDEF 14A2026-03-230000842517-26-000082Section “Director Compensation”. As printed: 43,358. Filing ↗machine: t11 · r6 · c10 · span 299247–299253
14Section 08, David B. BehenDEF 14A2026-03-230000842517-26-000082Section “Director Compensation”. As printed: 33,333. Filing ↗machine: t11 · r3 · c1 · span 292561–292567
15Section 08, Chad R. PaytonDEF 14A2026-03-230000842517-26-000082Section “Director Compensation”. As printed: 23,842. Filing ↗machine: t11 · r8 · c10 · span 302888–302894
16Section 08, Brian B. TessinDEF 14A2026-03-230000842517-26-000082Section “Director Compensation”. As printed: 10,064. Filing ↗machine: t11 · r11 · c10 · span 308343–308349
17Section 08, Neil M. McDonnellDEF 14A2026-03-230000842517-26-000082Section “Director Compensation”. As printed: 0. Filing ↗
18Section 08, Jerome E. SchwindDEF 14A2026-03-230000842517-26-000082Section “Director Compensation”. As printed: 0. Filing ↗
19Section 02, Jill Bourland 2026-04-16Form 42026-04-170000842517-26-000090Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Jill Bourland 2026-05-18Form 42026-05-200000842517-26-000105Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Sarah R. Opperman 2026-06-01Form 42026-06-030000842517-26-000124Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Melinda M. Coffin 2026-06-01Form 42026-06-030000842517-26-000119Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Jerome E. Schwind 2026-06-01Form 42026-06-030000842517-26-000125Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Neil Michael McDonnell 2026-06-01Form 42026-06-030000842517-26-000128Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Dr. Jeffrey J. Barnes 2026-06-01Form 42026-06-030000842517-26-000126Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Brian R. Sackett 2026-06-01Form 42026-06-030000842517-26-000122Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Vicki L. Rupp 2026-06-01Form 42026-06-030000842517-26-000120Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Brian B. Tessin 2026-06-01Form 42026-06-030000842517-26-000118Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Jill Bourland 2026-06-01Form 42026-06-030000842517-26-000121Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Jill Bourland 2026-06-16Form 42026-06-170000842517-26-000165Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Jill Bourland 2026-07-16Form 42026-07-170000842517-26-000173Insider equity transaction reported since the proxy statement. Filing ↗
32Section 06, 2026 voteForm 8-K2026-05-070000842517-26-000102Item 5.07 · say-on-pay result. As reported: 96.88% (votes for as printed: 3,170,901). 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 09b board cost (computed)ComputedcomputedCash 284,333 + equity 0 + all other 62,308 = 346,641, summed across the director compensation table rows.machine: formula: Σ = 346,641
35Isabella Bank Corp (subject), Section 10b CEO totalDEF 14A2026-03-230000842517-26-000082CEO total compensation as printed in Isabella Bank Corp's own proxy. As printed: 765,306. Filing ↗machine: r2 · c39 · span 174437–174444