Charles Christmas compensation by year
MERCANTILE BANK Summary Compensation Table · all 2 fiscal years held| Component | FY2023 | FY2025 |
|---|---|---|
| Salary | $394,921 | $444,050 |
| Bonus | $0 | $0 |
| Stock awards | $186,707 | $198,037 |
| Option awards | $0 | $0 |
| Non-equity incentive | $157,968 | $186,501 |
| Pension and deferred compensation | $0 | $0 |
| All other | $73,484 | $71,392 |
| Total | $813,080 | $899,980 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: MERCANTILE BANK CORP DEF 14A filed April 2, 2026, accession 0001437749-26-010964, and prior-year filings. Open the filing on EDGAR.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 5,536 | $293,906 | — |
| PSU | 2,557 | $135,751 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in MERCANTILE BANK CORP's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
MERCANTILE BANK’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Raymond Reitsma | President and Chief Executive Officer | $1,769,983 |
| Charles Christmas · this page | Executive Vice President, Chief Financial Officer and Treasurer | $899,980 |
| Mark Augustyn | Executive Vice President, Chief Commercial Banking Officer | $892,642 |
| Scott Setlock | Executive Vice President, Chief Operating Officer and Secretary | $697,728 |
| Brett Hoover | Executive Vice President, Chief Human Resource Officer | $557,042 |
The full MERCANTILE BANK compensation record
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Compensation, the day it’s disclosed
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are MERCANTILE BANK's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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