Mark Hardwick is Chief Executive Officer of First Merchants Corp (FRME). The company reported total compensation of $2,398,488 for fiscal year 2025.
| Salary | $826,538 |
|---|---|
| Bonus | $0 |
| Stock awards | $787,290 |
| Option awards | $0 |
| Non-equity incentive plan | $657,924 |
| Pension and non-qualified deferred compensation | $7,886 |
| All other compensation | $118,850 |
| Total | $2,398,488 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure First Merchants Corp filed April 3, 2026, accession 0000712534-26-000025.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | Chief Executive Officer | $826,538 | $0 | $787,290 | $0 | $657,924 | $7,886 | $118,850 | $2,398,488 |
| FY2024 | Chief Executive Officer | $762,547 | $0 | $758,940 | $0 | $448,931 | $0 | $108,850 | $2,079,268 |
| FY2023 | Chief Executive Officer | $721,538 | — | $611,040 | — | $369,807 | $6,493 | $78,872 | $1,787,750 |
Totals as disclosed in each year's own compensation disclosure for First Merchants Corp.
| Peer-group chief executive median | $3,766,403 |
|---|---|
| Difference from that median | $-1,367,915 |
| Percentile within the disclosed peer group | 5th |
| Peers with a disclosed figure | 19 |
Medians and percentiles are computed across the peer group First Merchants Corp discloses in its own compensation disclosure.
| Named executive officer | Role | FY2025 total |
|---|---|---|
| Mark Hardwick this page | Chief Executive Officer | $2,398,488 |
| Michael Stewart | President | $1,751,499 |
| Michele Kawiecki | Executive Vice President and Chief Financial Officer | $1,369,650 |
| John Martin | Executive Vice President and Chief Credit Officer | $1,045,915 |
| Joseph Peterson | Executive Vice President and Chief Commercial Officer | $983,176 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full First Merchants Corp compensation brief.
Mark Hardwick's compensation sits inside First Merchants Corp's full executive and board picture — the peer group, pay against peers, incentive design and the board itself.