Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-20

Landmark Bancorp (LARK)

CEO Abigail Wendel was paid $767,476 in fiscal year 2025, ↓ down 11.1% from fiscal year 2024 (SEC filing 0001493152-26-018137 ↗): 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.

$767,476 ↓
Abigail Wendel total, FY2025
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
90.36%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Abigail Wendel (President and Chief Executive Officer), FY2025 total compensation $767,476 (base salary $476,370) [exec_comp, SEC accession 0001493152-26-018137, filed 2026-04-20]

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LARK's next annual pay disclosure, estimated April 23, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Abigail Wendel$476,370$0$0$0$252,000$0$39,106$767,476
President and Chief Executive Officer
Mark Herpich289,40700096,838031,686417,931
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Abigail Wendel$767,476$863,082—↓ −95,606
Mark Herpich417,931446,803422,465↓ −28,872

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

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Companies that benchmark against LARK
2 companies name LARK as a compensation peer

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.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Abigail WendelCEO$767,476
Mark HerpichCFO$417,931
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Angela S. HurtIndependent Director$33,500
Angelia K. StanlandIndependent Director$34,400
David H. SnappDirector$35,800
Jim W. LewisIndependent Director$35,150
Mark KohlrusIndependent Director$39,150
Michael E. ScheopnerIndependent Director$15,500
Ms. WendelDirector—
Patrick L. AlexanderChair of the Board$68,400
Sandra J. MollIndependent Director$35,150
Sarah Hill-NelsonIndependent Director$33,500
Thomas A. PageIndependent Director$30,000
Wayne R. SloanLead Independent Director$34,900
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
WendelRSU4,948—$129,588
WendelRSU4,134—108,269
Mark HerpichRSU2,433—63,720
Mark HerpichRSU475—12,440
WendelOption44,10017.62—
Mark HerpichOption5,21718.29—
05

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 policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-212,607,709278,33343,89290.36%Passed
20222022-05-182,415,949462,30110,50583.94%Passed
20192019-05-222,170,517328,72132,81586.85%Passed
20162016-05-181,772,770297,78742,34885.62%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 yearMeeting dateApproval — company's computation
20252025-05-2190.36%a
20222022-05-1883.94%b
20192019-05-2286.85%c

a. Voting standard not stated in the filing.

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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Patrick L. AlexanderIndependent · Board Chair · Nominating/Governance$68,400$0———$68,400
Mark KohlrusIndependent · Audit and Risk (Chair)39,1500———39,150
David H. SnappNot independent35,8000———35,800
Jim W. LewisIndependent · Compensation35,1500———35,150
Sandra J. MollIndependent · Nominating and Corporate Governance35,1500———35,150
Wayne R. SloanIndependent · Lead Independent Director · Nominating and Corporate Governance (Chair)34,9000———34,900
Angelia K. StanlandIndependent · Compensation (Chair)34,4000———34,400
Angela S. HurtIndependent · Audit and Risk33,5000———33,500
Sarah Hill-NelsonIndependent · Compensation · Not standing for re-election33,5000———33,500
Thomas A. PageIndependent · Audit and Risk · Audit30,0000———30,000
Michael E. ScheopnerIndependent15,5000———15,500
Ms. WendelEmployee director—————0
09

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—
09b

Total cost of the board

ComponentFY2025
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.

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
1Landmark Bancorp2025Abigail 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.

10d

Frequently asked questions

Who was the highest-paid executive at Landmark Bancorp in fiscal 2025?
As disclosed, Abigail Wendel (President and Chief Executive Officer) was the highest-paid executive at Landmark Bancorp in fiscal 2025, with total compensation of $767,476.
How did shareholders vote on Landmark Bancorp's executive compensation?
As disclosed, 90.36% of shareholders supported Landmark Bancorp's executive compensation in the latest say-on-pay vote.
How much does Landmark Bancorp spend in total on board compensation for fiscal 2025?
As disclosed, Landmark Bancorp reported total board compensation of $395,450 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 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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Abigail WendelDEF 14A2026-04-200001493152-26-018137Section “Executive Compensation”. As printed: 767,476. View filing ↗
2Section 01, Mark HerpichDEF 14A2026-04-200001493152-26-018137Section “Executive Compensation”. As printed: 417,931. View filing ↗
3Section 08, Patrick L. AlexanderDEF 14A2026-04-200001493152-26-018137Section “Director Compensation”. As printed: 68,400. View filing ↗
4Section 08, Mark KohlrusDEF 14A2026-04-200001493152-26-018137Section “Director Compensation”. As printed: 39,150. View filing ↗
5Section 08, David H. SnappDEF 14A2026-04-200001493152-26-018137Section “Director Compensation”. As printed: 35,800. View filing ↗
6Section 08, Jim W. LewisDEF 14A2026-04-200001493152-26-018137Section “Director Compensation”. As printed: 35,150. View filing ↗
7Section 08, Sandra J. MollDEF 14A2026-04-200001493152-26-018137Section “Director Compensation”. As printed: 35,150. View filing ↗
8Section 08, Wayne R. SloanDEF 14A2026-04-200001493152-26-018137Section “Director Compensation”. As printed: 34,900. View filing ↗
9Section 08, Angelia K. StanlandDEF 14A2026-04-200001493152-26-018137Section “Director Compensation”. As printed: 34,400. View filing ↗
10Section 08, Angela S. HurtDEF 14A2026-04-200001493152-26-018137Section “Director Compensation”. As printed: 33,500. View filing ↗
11Section 08, Sarah Hill-NelsonDEF 14A2026-04-200001493152-26-018137Section “Director Compensation”. As printed: 33,500. View filing ↗
12Section 08, Thomas A. PageDEF 14A2026-04-200001493152-26-018137Section “Director Compensation”. As printed: 30,000. View filing ↗
13Section 08, Michael E. ScheopnerDEF 14A2026-04-200001493152-26-018137Section “Director Compensation”. As printed: 15,500. View filing ↗
14Section 08, Ms. WendelDEF 14A2026-04-200001493152-26-018137Section “Director Compensation”. As printed: 0. View filing ↗
15Section 06, 2025 voteForm 8-K2025-05-220001641172-25-012024Item 5.07 · say-on-pay result. As reported: 90.36% (votes for as printed: 2,607,709). View filing ↗
16Section 06, 2022 voteForm 8-K2022-05-190001493152-22-014431Item 5.07 · say-on-pay result. As reported: 83.94% (votes for as printed: 2,415,949). View filing ↗
17Section 06, 2019 voteForm 8-K2019-05-230001493152-19-008178Item 5.07 · say-on-pay result. As reported: 86.85% (votes for as printed: 2,170,517). View filing ↗
18Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.
19Section 09b board cost (computed)Computed——Cash 395,450 + equity 0 + all other 0 = 395,450, summed across the director compensation table rows.
20Landmark Bancorp (subject), Section 10b CEO totalDEF 14A2026-04-200001493152-26-018137CEO total compensation as printed in Landmark Bancorp's own proxy. As printed: 767,476. View filing ↗