What they were paid
MERCANTILE BANK Director Compensation Table · all 5 fiscal years held| Fiscal year | Cash fees | Stock awards | Option awards | Other | Total |
|---|---|---|---|---|---|
| FY2025 | $42,648 | $43,431 | $0 | $0 | $86,079 |
| FY2024 | $38,675 | $41,768 | $0 | $0 | $80,443 |
| FY2023 | $34,300 | $34,284 | $0 | $0 | $68,584 |
| FY2022 | $34,300 | $34,282 | $0 | $0 | $68,582 |
| FY2021 | $34,300 | $34,289 | $0 | $0 | $68,589 |
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.
How this page was built: the MERCANTILE BANK CORP filed document, accession 0001437749-26-010964. Every figure is read from that document and cited to the page and table it appears in. Filed April 2, 2026.
Get the MERCANTILE BANK Board Governance Report
$86,079 Michelle L. Eldridge, FY2025 total director compensation
$500
The free page is the headline figures. The board report is director pay, board composition and committee fees combined into the same kind of document.
Data as of April 2, 2026 · Source: Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).
How this board is paid
company policy · FY2025MERCANTILE BANK pays directors a $75,300 cash retainer.
Committees
FY2025 · as the proxy prints themAudit · Compensation (Chair) · Nominating/Governance
The rest of the MERCANTILE BANK board
FY2025 · as the company reported each| Director | Role | FY2025 total |
|---|---|---|
| Amy L. Sparks | Independent Director | $92,566 |
| David B. Ramaker | Independent Director | $83,550 |
| Joseph D. Jones | Independent Director | $65,849 |
| Michael H. Price | Chair of the Board | $113,695 |
| Michael S. Davenport | Lead Independent Director | $78,637 |
| Nelson F. Sanchez | Independent Director | $75,261 |
| Raymond E. Reitsma | Director | — |
| Richard D. MacDonald | Independent Director | $75,261 |
| Sara A. Schmidt | Independent Director | $75,261 |
| Shoran R. Williams | Independent Director | $75,261 |
| Steven J. Schweihofer | Independent Director | — |
The full MERCANTILE BANK compensation record
free company briefThis page is one director within MERCANTILE BANK's record. The company brief lists every named executive and director, each linking to their own page.
Peer companies
named in the MERCANTILE BANK proxy · each links to its own free briefOrder MBWM
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