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Independent Director · FIRST MERCHANTS CORP (FRME)

Mung Chiang director compensation at First Merchants (FY2025): $154K

Fiscal year 2025 director compensation for Mung Chiang at FIRST MERCHANTS 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 3, 2026 (DEF 14A). Open the filing on EDGAR.

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What they were paid

FIRST MERCHANTS Director Compensation Table · all 3 fiscal years held
In US dollars, as FIRST MERCHANTS reports it. Most recent year first. Totals are the company’s disclosed totals.
Fiscal yearCash feesStock awardsOption awardsOtherTotal
FY2025$54,460$90,540—$8,995$153,995
FY2024$54,440$90,560—$5,421$150,421
FY2022$0$0—$0$0

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.

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$153,995 Mung Chiang, FY2025 total director compensation

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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 3, 2026 · Source: Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

How this board is paid

company policy · FY2025

FIRST MERCHANTS pays directors a $140,000 cash retainer.

Committees

FY2025 · as the proxy prints them

Compensation

The rest of the FIRST MERCHANTS board

FY2025 · as the company reported each
DirectorRoleFY2025 total
Clark C. KelloggIndependent Director$155,674
F. Howard HaldermanIndependent Director$168,614
Gary J. LehmanIndependent Director$165,313
Jason R. SondhiIndependent Director$160,402
Jean L. WojtowiczChair of the Board$213,796
Kevin D. JohnsonIndependent Director$156,804
Michael C. RechinDirector$165,966
Michael J. FisherIndependent Director$150,313
Michael R. BecherIndependent Director$166,459
Patrick J. FehringIndependent Director$155,523
Susan W. BrooksIndependent Director$155,625

The full FIRST MERCHANTS compensation record

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FIRST MERCHANTS CORP (FRME) — free Compensation Briefevery named executive and director, board pay, say-on-pay, the peer group

This page is one director within FIRST MERCHANTS's record. The company brief lists every named executive and director, each linking to their own page.

Peer companies

named in the FIRST MERCHANTS proxy · each links to its own free brief

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Board Governance Report