Independent Director · MERCANTILE BANK CORP (MBWM)

Chair, Compensation Committee

Michelle L. Eldridge — MERCANTILE BANK Director Compensation (2025)

Fiscal year 2025 director compensation for Michelle L. Eldridge at MERCANTILE BANK CORP. Every figure below is printed as the company filed it and cited to the filing it came from.

Director compensation as of the proxy filed April 2, 2026 (DEF 14A). Open the filing on EDGAR.

What they were paid

MERCANTILE BANK Director Compensation Table · all 3 fiscal years held
In US dollars, as MERCANTILE BANK reports it. Most recent year first. Totals are the company’s disclosed totals.
Fiscal yearCash feesStock awardsOption awardsOtherTotal
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

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.

Committees

FY2025 · as the proxy prints them

Audit · Compensation (Chair) · Nominating/Governance

The rest of the MERCANTILE BANK board

FY2025 · as the company reported each
DirectorRoleFY2025 total
Amy L. SparksIndependent Director$92,566
David B. RamakerIndependent Director$83,550
Joseph D. JonesIndependent Director$65,849
Michael H. PriceChair of the Board$113,695
Michael S. DavenportLead Independent Director$78,637
Nelson F. SanchezIndependent Director$75,261
Raymond E. ReitsmaDirector$0
Richard D. MacDonaldIndependent Director$75,261
Sara A. SchmidtIndependent Director$75,261
Shoran R. WilliamsIndependent Director$75,261
Steven J. SchweihoferIndependent Director$0

The full MERCANTILE BANK compensation record

free company brief

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