Michael Petrie compensation by year
Merchants Bancorp Summary Compensation Table · all 9 fiscal years held| Component | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Salary | $600,000 | $630,000 | $700,000 | $750,000 | $800,000 | $850,000 | $900,000 | $950,000 | $1,000,000 |
| Bonus | $0 | $0 | $100 | $150,000 | $0 | $170,000 | $0 | $0 | $750,000 |
| Stock awards | $0 | $0 | $0 | $656,264 | $728,014 | $858,507 | $954,001 | $978,531 | $750,006 |
| Option awards | $0 | $0 | $0 | $0 | $0 | — | — | $0 | $0 |
| Non-equity incentive | $0 | $0 | $0 | $100 | $100 | $100 | $954,100 | $978,600 | $100 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 |
| All other | $18,980 | $17,640 | $17,242 | $22,319 | $20,950 | $30,282 | $31,437 | $32,798 | $34,589 |
| Total | $618,980 | $647,740 | $717,342 | $1,578,683 | $1,549,064 | $1,908,889 | $2,839,538 | $2,939,929 | $2,534,695 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Merchants Bancorp DEF 14A filed April 10, 2026, accession 0001104659-26-042047, and prior-year filings.
How this page was built: the Merchants Bancorp filed document, accession 0001104659-26-042047. Every figure is read from that document and cited to the page and table it appears in. Filed April 10, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 58,203 | $1,982,394 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in Merchants Bancorp's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
5 Form 4 lines since the FY2025 proxy (filed April 10, 2026)current to 2026-11-06 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-07-30 | Sale | — | 9,000 | $55.20 | 727,013 |
| 2026-05-15 | Gift | — | 16,000 | $0.00 | 1,848,994 |
| 2026-05-06 | Sale | — | 8,334 | $46.86 | 1,864,994 |
| 2026-05-05 | Sale | — | 20,000 | $46.75 | 1,873,328 |
| 2026-05-05 | Sale | — | 10,696 | $46.75 | 736,013 |
The 5 most recent of 5 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 →
Merchants Bancorp’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Michael Dury | President and Chief Executive Officer of Merchants Capital | $6,647,758 |
| Michael Petrie · this page | Chairman of the Board and Chief Executive Officer | $2,534,695 |
| Michael Dunlap | President and Chief Operating Officer of the Company and President and Chief Executive Officer of Merchants Bank | $2,452,110 |
| Martin Schroeter | President – Warehouse Lending | $1,364,500 |
| Sean Sievers | Executive Vice President and Chief Financial Officer | $1,108,268 |
Board service
Merchants Bancorp board · FY2021–FY2025How this board is paid
Company policy: Merchants Bancorp pays directors a $70,000 cash retainer and $70,000 in equity. As stated in Merchants Bancorp's FY2025 proxy.
The full Merchants Bancorp compensation record
free company briefThis page is one person within Merchants Bancorp's record. The company brief lists every named executive, each linking to their own page.
Peer companies
named in the Merchants Bancorp 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 Merchants Bancorp'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 Merchants Bancorp'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.