Mark Hardwick compensation by year
FIRST MERCHANTS Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $333,531 | $359,485 | $372,206 | $386,024 | $398,858 | $561,166 | $662,500 | $721,538 | $762,547 | $826,538 |
| Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| Stock awards | $222,395 | $384,180 | $462,175 | $358,625 | $257,830 | $362,695 | $614,250 | $611,040 | $758,940 | $787,290 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| Non-equity incentive | $173,905 | $275,006 | $262,964 | $173,711 | $89,743 | $471,380 | $527,163 | $369,807 | $448,931 | $657,924 |
| Pension and deferred compensation | $6,534 | $12,879 | $0 | $21,503 | $23,479 | $0 | $0 | $6,493 | $0 | $7,886 |
| All other | $31,897 | $36,060 | $40,953 | $53,828 | $57,676 | $59,246 | $64,287 | $78,872 | $108,850 | $118,850 |
| Total | $768,262 | $1,067,610 | $1,138,298 | $993,691 | $827,586 | $1,454,487 | $1,868,200 | $1,787,750 | $2,079,268 | $2,398,488 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: FIRST MERCHANTS CORP DEF 14A filed April 3, 2026, accession 0000712534-26-000025, and prior-year filings. Open the filing on EDGAR.
How this page was built: the FIRST MERCHANTS CORP filed document, accession 0000712534-26-000025. Every figure is read from that document and cited to the page and table it appears in. Filed April 3, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 64,490 | $2,417,085 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in FIRST MERCHANTS CORP's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
4 Form 4 lines since the FY2025 proxy (filed April 3, 2026)current to 2026-11-07 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-09-18 | Grant or award derivative | — | 30.39 | $40.50 | 3,385.08 |
| 2026-08-03 | Grant or award | — | 21,000 | $43.63 | 132,619.8 |
| 2026-08-02 | Tax withholding | — | 5,821 | $43.14 | 111,619.8 |
| 2026-06-23 | Grant or award derivative | — | 30.78 | $40.90 | 3,354.7 |
The 4 most recent of 4 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
FIRST MERCHANTS’s named executive officers, FY2025
as the company reported each| 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 |
Board service
FIRST MERCHANTS board · FY2021–FY2024How this board is paid
Company policy: FIRST MERCHANTS pays directors a $140,000 cash retainer. As stated in FIRST MERCHANTS's FY2024 proxy.
The full FIRST MERCHANTS compensation record
free company briefThis page is one person within FIRST MERCHANTS's record. The company brief lists every named executive, each linking to their own page.
Peer companies
named in the FIRST MERCHANTS proxy · each links to its own free briefCompensation, the day it’s disclosed
The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them. Or order FIRST MERCHANTS's full Executive Compensation Report with peer benchmarking.
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 FIRST MERCHANTS'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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