Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-21

First Financial Corp (THFF)

CEO Norman D. Lowery was paid $2,395,725 in fiscal year 2025, ↑ up 77.2% from fiscal year 2024, the 88th percentile of its disclosed peer group (SEC filing 0000714562-26-000017 ↗): 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.

$2,395,725 ↑
Norman D. Lowery total, FY2025
88th
CEO pay percentile vs peers
37:1
CEO-to-median pay ratio
95.5%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Norman D. Lowery (President and Chief Executive Officer), FY2025 total compensation $2,395,725 (base salary $675,350) [exec_comp, SEC accession 0000714562-26-000017, filed 2026-03-17]

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THFF's next annual pay disclosure, estimated March 17, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Norman D. Lowery$675,350$0$523,503$0$486,252$614,372$96,248$2,395,725
President and Chief Executive Officer
Rodger A. McHargue378,8400165,4120159,113140,35341,577885,295
Chief Financial Officer
Mark A. Franklin308,5090119,6770129,574041,142598,902
Chief Lending Officer
Stephen P. Panagouleas306,700059,4500128,730034,492529,372
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 FY2024→2025
Norman D. Lowery$2,395,725$1,351,844$1,050,992↑ +1,043,881
Rodger A. McHargue885,295755,1861,091,265↑ +130,109
Mark A. Franklin598,902557,954534,912↑ +40,948
Stephen P. Panagouleas529,372298,950—↑ +230,422

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

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$2,395,725 Norman D. Lowery total, FY2025

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Data as of September 21, 2026 · Source: 0000714562-26-000017 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

Reports for THFF

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Companies that benchmark against THFF
19 companies name THFF as a compensation peer

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

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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
Gregory L. GibsonIndependent Director$78,500
James O. McDonaldIndependent Director$78,500
Mark J. BladeIndependent Director$80,500
Michael A. CartyIndependent Director$80,500
Norman L. LoweryChair of the Board$152,908
Paul J. PiersonIndependent Director$78,500
Richard J. ShagleyDirector$76,500
Ronald K. RichLead Independent Director$88,500
Susan M. JensenIndependent Director$74,500
Thomas C. MartinIndependent Director$80,500
Thomas T. DinkelIndependent Director$86,500
Tina J. MaherIndependent Director$79,000
W. Curtis BrightonIndependent Director$80,500
William J. VogesIndependent Director$88,500
William R. KriebleIndependent Director$80,500
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 O. McDonaldDirector2026-07-16A84.34$75$6,325CommonForm 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 A. FranklinRSU2025-02-04——2,444—$119,633
Norman D. LoweryRSU2025-02-04——10,694—523,471
Stephen P. PanagouleasRSU2025-02-04——1,214—59,425
Rodger A. McHargueRSU2025-02-04——3,379—165,402
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mark A. Franklin$119,633$0$00.0%
Norman D. Lowery523,471000.0%
Stephen P. Panagouleas59,425000.0%
Rodger A. McHargue165,402000.0%

% 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
Norman D. LoweryRSU8,554—$516,832
Rodger A. McHargueRSU3,546—214,249
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation philosophy seeks to provide a competitive compensation program that encourages current-year performance and the creation of long-term shareholder value without exposing the Corporation to unreasonable risks, including credit, interest rate, liquidity, reputation, compliance and transition risk.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantPearl Meyer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-158,358,133394,29446,47195.5%Passed
20252025-04-167,736,179334,873105,93695.85%Passed
20242024-04-178,246,449564,982354,89893.59%Passed
20232023-04-198,643,771553,65631,08893.98%Passed
20222022-04-207,740,0511,773,98666,32281.35%Passed
20212021-04-219,615,401790,27878,19192.41%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
20262026-04-1595.5%a
20252025-04-1695.85%b
20242024-04-1793.59%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes cast either for or against this proposal and will have no effect on the outcome of the proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes cast either for or against this proposal and will have no effect on the outcome of the proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes cast either for or against this proposal and will have no effect on the outcome of 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)37 : 1
CEO total compensation$2,395,725
Median employee compensation$65,294
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Norman L. LoweryNot independent · Board Chair · Executive (Chair) · Cybersecurity · Directors' Enterprise Risk Management$111,500$0$0—$41,408$152,908
Norman D. LoweryEmployee director · Cybersecurity · Academia/Education · Compensation · Corporate Governance Ethics · Executive · Financial · Investment · Mergers and Acquisitions · Operations · Risk Management · Strategic Planning/Oversight111,50000—41,408152,908
Ronald K. RichIndependent · Lead Independent Director · Corporate Governance Ethics (Chair) · Compensation · Employee Benefits · Executive · Risk Management · Loan · Financial · Investment · Nonprofit88,50000—088,500
William J. VogesIndependent · Corporate Governance Ethics · Compensation (Chair) · Academia/Education · Audit · Executive · Financial · Investment · Legal/Regulatory/Legislative/Political · Nonprofit88,50000—088,500
Thomas T. DinkelIndependent · Audit (Chair) · Cybersecurity · Loan · Community Reinvestment Act · Academia/Education · Investment · Legal/Regulatory/Legislative/Political86,50000—086,500
Mark J. BladeIndependent · Audit · Community Reinvestment Act · Loan · Corporate Governance Ethics · Academia/Education · Executive · Nonprofit80,50000—080,500
Thomas C. MartinIndependent · Compensation · Risk Management · Loan · Auto Sales/Lending · Academia/Education · Entrepreneur · Executive · Nonprofit80,50000—080,500
W. Curtis BrightonIndependent · Audit · Academia/Education · Executive · Nonprofit80,50000—080,500
Michael A. CartyIndependent · Audit · Accounting · Executive · Financial80,50000—080,500
William R. KriebleIndependent · Compensation · Cybersecurity · Employee Benefits · Risk Management · Loan and Community Reinvestment Act80,50000—080,500
Tina J. MaherIndependent · Audit · Loan · Agriculture · Academia/Education · Executive · Financial · Insurance · Nonprofit · Operations79,00000—079,000
James O. McDonaldIndependent · Corporate Governance Ethics · Cybersecurity · Loan · Agriculture · Legal/Regulatory/Legislative/Political · Nonprofit78,50000—078,500
Gregory L. GibsonIndependent · Corporate Governance Ethics · Loan · Investment · Wealth Management · Academia/Education · Entrepreneur · Executive · Nonprofit · Real Estate · Public Relations78,50000—078,500
Paul J. PiersonIndependent · Corporate Governance Ethics · Agriculture · Legal/Regulatory/Legislative/Political · Military · Nonprofit78,50000—078,500
Richard J. ShagleyNot independent · Compensation · Corporate Governance Ethics · Legal/Regulatory/Legislative/Political · Real Estate76,50000—076,500
Susan M. JensenIndependent · Cybersecurity · Community Reinvestment Act · Loan · Academia/Education · Entrepreneur · Nonprofit74,50000—074,500
09

Board fee structure and ownership guideline

Annual cash retainer$45,000
Annual equity retainer—
Per board meeting fee$750
Committee chair fees (audit / comp / nom-gov)6,000 / 6,000 / 6,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,354,500
Equity awards (grant-date value)$0
All other compensation$82,816
Total cost of the board$1,437,316

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 Financial Corp 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 Financial Corp.

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
1Civista Bancshares, Inc.2024M. Christopher Doyle$1,431,150$6,933,919$0$0$8,385,769
2Independent Bank Corporation2025Jeffrey Tengel1,097,3851,094,31801,123,6693,606,962
3First Financial Corp2025Norman D. Lowery675,350523,5030486,2522,395,725
4First Mid Bancshares, Inc.2025Joseph Dively543,400514,27201,019,3642,109,337
5German American Bancorp Inc.2025D. Neil Dauby770,000517,4640602,5252,068,536
6Horizon Bancorp2025Thomas Prame685,000569,9730601,0881,965,115
7Great Southern Bancorp Inc.2025Joseph Turner518,072093,756872,9701,815,277
8Bank First Corporation2025Michael Molepske805,838463,7870463,7631,800,787
9Farmers National Banc Corp.2025Kevin Helmick686,850331,9130536,2501,644,243
10Community Trust Bancorp, Inc.2025Mark Gooch721,962137,0900740,4001,639,760
11MidWest One Financial Group, Inc.2024Charles Reeves646,875400,0030534,0391,611,393
12Peoples Bancorp, Inc.2025Tyler Wilcox700,000259,1950416,8001,500,327
13West Bancorporation, Inc.2025David Nelson608,000303,4930477,2451,456,493
14HBT Financial, Inc.2025J. Lance Carter570,686278,6000427,8151,294,800
15Farmers & Merchants Bancorp, Inc.2025Lars Eller519,841109,1480283,573969,335
16Southern Missouri Bancorp, Inc.2026Greg Steffens468,00038,07037,7760756,303
17First Business Financial Services, Inc.2025James Hartlieb315,000110,9850147,195620,487
—City Holding Co.——————not in coverage universe
—1st Source Corporation——————not in coverage universe
—CNB Financial Corp.——————not in coverage universe
—Lakeland Financial Corp.——————not in coverage universe

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 Financial Corpnot disclosednot disclosedNoPearl Meyer
1st Source Corporationnot disclosednot disclosednot disclosednot disclosed
Bank First Corporation74.6%RSU 100not disclosedPearl Meyer
City Holding Co.not disclosednot disclosednot disclosednot disclosed
Civista Bancshares, Inc.not disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
CNB Financial Corp.not disclosednot disclosednot disclosednot disclosed
Community Trust Bancorp, Inc.75%not disclosedNoPearl Meyer
Farmers & Merchants Bancorp, Inc.not disclosedStock Awards 100not disclosednot disclosed
Farmers National Banc Corp.150%PSU 50 · RSU 25 · Cash LTI 25NoAon
First Business Financial Services, Inc.134%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR)McLagan
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
HBT Financial, Inc.149%RSU 50 · PSU 50NoMcLagan Partners Inc.
Horizon Bancorpnot disclosednot disclosedNoPearl Meyer
Independent Bank Corporationnot disclosedPSU 57 · RSU 43NoMercer
Lakeland Financial Corp.not disclosednot disclosednot disclosednot disclosed
MidWest One Financial Group, Inc.127.0%PSU 60 · RSU 40not disclosedFrederic W. Cook & Co., Inc.
Peoples Bancorp, Inc.60%Restricted Common Shares 100NoPay Governance
Southern Missouri Bancorp, Inc.not disclosednot disclosednot disclosedBlanchard Consulting Group
West Bancorporation, Inc.78%RSU 50 · PSU 50NoMcLagan

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.

10d

Frequently asked questions

Who was the highest-paid executive at First Financial Corp in fiscal 2025?
As disclosed, Norman D. Lowery (President and Chief Executive Officer) was the highest-paid executive at First Financial Corp in fiscal 2025, with total compensation of $2,395,725.
How does First Financial Corp's chief executive pay compare to its disclosed peer group?
As disclosed, Norman D. Lowery's total compensation ranked at the 88th percentile of First Financial Corp's disclosed peer group.
What is First Financial Corp's CEO-to-median employee pay ratio?
As disclosed, First Financial Corp's CEO-to-median employee pay ratio was 37:1.
How did shareholders vote on First Financial Corp's executive compensation?
As disclosed, 95.5% of shareholders supported First Financial Corp's executive compensation in the latest say-on-pay vote.
How much does First Financial Corp spend in total on board compensation for fiscal 2025?
As disclosed, First Financial Corp reported total board compensation of $1,437,316 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, Norman D. LoweryDEF 14A2026-03-170000714562-26-000017Section “Summary Compensation Table”. As printed: 2,395,725. Filing ↗machine: r2 · c8 · span 818114–818123
2Section 01, Rodger A. McHargueDEF 14A2026-03-170000714562-26-000017Section “Summary Compensation Table”. As printed: 885,295. Filing ↗machine: r5 · c8 · span 826367–826374
3Section 01, Mark A. FranklinDEF 14A2026-03-170000714562-26-000017Section “Summary Compensation Table”. As printed: 598,902. Filing ↗machine: r15 · c8 · span 849076–849083
4Section 01, Stephen P. PanagouleasDEF 14A2026-03-170000714562-26-000017Section “Summary Compensation Table”. As printed: 529,372. Filing ↗machine: r10 · c8 · span 839346–839353
5Section 03, Mark A. Franklin RSUDEF 14A1900-01-010000714562-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 891402–891409
6Section 03, Norman D. Lowery RSUDEF 14A1900-01-010000714562-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 876373–876380
7Section 03, Stephen P. Panagouleas RSUDEF 14A1900-01-010000714562-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 886112–886118
8Section 03, Rodger A. McHargue RSUDEF 14A1900-01-010000714562-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 881201–881208
9Section 07, pay ratioDEF 14A2026-03-170000714562-26-000017Section “CEO Pay Ratio”. As printed: 37 : 1. Filing ↗
10Section 08, Norman L. LoweryDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 152,908. Filing ↗machine: t38 · r9 · c3 · span 491244–491411
11Section 08, Norman D. LoweryDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 152,908. Filing ↗machine: span 491244–491411
12Section 08, Ronald K. RichDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 88,500. Filing ↗machine: span 495806–495973
13Section 08, William J. VogesDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 88,500. Filing ↗machine: span 497762–497928
14Section 08, Thomas T. DinkelDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 86,500. Filing ↗machine: span 486577–486744
15Section 08, Mark J. BladeDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 80,500. Filing ↗machine: span 483720–483887
16Section 08, Thomas C. MartinDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 80,500. Filing ↗machine: span 492847–493055
17Section 08, W. Curtis BrightonDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 80,500. Filing ↗machine: span 484677–484843
18Section 08, Michael A. CartyDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 80,500. Filing ↗machine: span 485627–485793
19Section 08, William R. KriebleDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 80,500. Filing ↗machine: span 488493–488660
20Section 08, Tina J. MaherDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 79,000. Filing ↗machine: span 491698–491865
21Section 08, James O. McDonaldDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 78,500. Filing ↗machine: span 493890–494056
22Section 08, Gregory L. GibsonDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 78,500. Filing ↗machine: span 487533–487700
23Section 08, Paul J. PiersonDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 78,500. Filing ↗machine: span 494850–495017
24Section 08, Richard J. ShagleyDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 76,500. Filing ↗machine: span 496771–496937
25Section 08, Susan M. JensenDEF 14A2026-03-170000714562-26-000017Section “Director Compensation”. As printed: 74,500. Filing ↗machine: span 489615–489781
26Section 02, James O. McDonald 2026-07-16Form 42026-07-170001836969-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
27Section 06, 2026 voteForm 8-K2026-04-150000714562-26-000032Item 5.07 · say-on-pay result. As reported: 95.5% (votes for as printed: 8,358,133). Filing ↗
28Section 06, 2025 voteForm 8-K2025-04-160000714562-25-000026Item 5.07 · say-on-pay result. As reported: 95.85% (votes for as printed: 7,736,179). Filing ↗
29Section 06, 2024 voteForm 8-K2024-04-170000714562-24-000021Item 5.07 · say-on-pay result. As reported: 93.59% (votes for as printed: 8,246,449). Filing ↗
30Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
31Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
32Section 09b board cost (computed)Computed——Cash 1,354,500 + equity 0 + all other 82,816 = 1,437,316, summed across the director compensation table rows.machine: formula: Σ = 1,437,316
33Civista Bancshares, Inc., Section 10b CEO totalDEF 14A2025-04-210001558370-25-005077CEO total compensation as printed in Civista Bancshares, Inc.'s own proxy. As printed: 8,385,769. Filing ↗
34Independent Bank Corporation, Section 10b CEO totalDEF 14A2026-03-260000776901-26-000079CEO total compensation as printed in Independent Bank Corporation's own proxy. As printed: 3,606,962. Filing ↗machine: span 925147–925156
35First Financial Corp (subject), Section 10b CEO totalDEF 14A2026-03-170000714562-26-000017CEO total compensation as printed in First Financial Corp's own proxy. As printed: 2,395,725. Filing ↗machine: r2 · c8 · span 818114–818123
36First 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 869693–869703
37German 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
38Horizon 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
39Great 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: r7 · c33 · span 320537–320546
40Bank 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
41Farmers 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
42Community 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
43MidWest One Financial Group, Inc., Section 10b CEO totalDEF 14A2025-03-110001412665-25-000046CEO total compensation as printed in MidWest One Financial Group, Inc.'s own proxy. As printed: 1,611,393. Filing ↗machine: span 451813–451822
44Peoples 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: span 1008837–1008847
45West Bancorporation, Inc., Section 10b CEO totalDEF 14A2026-03-030001166928-26-000016CEO total compensation as printed in West Bancorporation, Inc.'s own proxy. As printed: 1,456,493. Filing ↗machine: r2 · c48 · span 688762–688771
46HBT 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
47Farmers & Merchants Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-240001140361-26-010915CEO total compensation as printed in Farmers & Merchants Bancorp, Inc.'s own proxy. As printed: 969,335. Filing ↗machine: r2 · c21 · span 457783–457790
48Southern Missouri Bancorp, Inc., Section 10b CEO totalDEF 14A2026-09-210001104659-26-109259CEO total compensation as printed in Southern Missouri Bancorp, Inc.'s own proxy. As printed: 756,303. Filing ↗
49First Business Financial Services, Inc., Section 10b CEO totalDEF 14A2026-03-050001193125-26-092613CEO total compensation as printed in First Business Financial Services, Inc.'s own proxy. As printed: 620,487. Filing ↗machine: r14 · c16 · span 1114517–1114525
50Section 10a, HBT Financial, Inc. reciprocityDEF 14A—0000775215-26-000037HBT Financial, Inc. names First Financial Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
51Section 10a, Peoples Bancorp, Inc. reciprocityDEF 14A—0000318300-26-000104Peoples Bancorp, Inc. names First Financial Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
52Section 10a, Farmers & Merchants Bancorp, Inc. reciprocityDEF 14A—0001193125-25-044260Farmers & Merchants Bancorp, Inc. names First Financial Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
53Section 10a, Independent Bank Corporation reciprocityDEF 14A—0000776901-26-000079Independent Bank Corporation's most recent proxy was read; its disclosed peer group does not include First Financial Corp. Filing ↗
54Section 10a, Civista Bancshares, Inc. reciprocityDEF 14A—0001558370-25-005077Civista Bancshares, Inc.'s most recent proxy was read; its disclosed peer group does not include First Financial Corp. Filing ↗
55Section 10a, First Mid Bancshares, Inc. reciprocityDEF 14A—0001193125-26-109951First Mid Bancshares, Inc. names First Financial Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
56Section 10a, Community Trust Bancorp, Inc. reciprocityDEF 14A—0001140361-26-009965Community Trust Bancorp, Inc. names First Financial Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
57Section 10a, Bank First Corporation reciprocityDEF 14A—0001104659-26-048526Bank First Corporation's most recent proxy was read; its disclosed peer group does not include First Financial Corp. Filing ↗
58Section 10a, Farmers National Banc Corp. reciprocityDEF 14A—0001437749-26-008310Farmers National Banc Corp. names First Financial Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
59Section 10a, First Business Financial Services, Inc. reciprocityDEF 14A—0001193125-26-092613First Business Financial Services, Inc.'s most recent proxy was read; its disclosed peer group does not include First Financial Corp. Filing ↗
60Section 10a, German American Bancorp Inc. reciprocityDEF 14A—0001104659-26-030015German American Bancorp Inc. names First Financial Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
61Section 10a, Horizon Bancorp reciprocityDEF 14A—0000706129-26-000033Horizon Bancorp's most recent proxy was read; its disclosed peer group does not include First Financial Corp. Filing ↗
62Section 10a, West Bancorporation, Inc. reciprocityDEF 14A—0001166928-26-000016West Bancorporation, Inc. names First Financial Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
63Section 10a, MidWest One Financial Group, Inc. reciprocityDEF 14A—0001412665-25-000046MidWest One Financial Group, Inc. names First Financial Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗

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