How Hardwick was paid
$2.4M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Mark K. HardwickChief Executive Officer | $826,538 | $787,290 | $657,924 | $7,886 | $118,850 | $2,398,488 |
| Michael J. StewartPresident | $658,023 | $599,840 | $392,840 | $0 | $100,796 | $1,751,499 |
| Michele M. KawieckiExecutive Vice President and Chief Financial Officer | $494,793 | $487,370 | $295,391 | $0 | $92,096 | $1,369,650 |
| John J. MartinExecutive Vice President and Chief Credit Officer | $453,985 | $299,920 | $225,495 | $0 | $66,515 | $1,045,915 |
| Joseph C. PetersonExecutive Vice President and Chief Commercial Officer | $453,985 | $299,920 | $177,197 | $0 | $52,074 | $983,176 |
What changed and why
- $2.4MChief Executive Officer Mark K. Hardwick received total compensation of $2,398,488 for fiscal 2025, representing an increase from $2,079,268 in fiscal 2024.
- $827KBase salary for the CEO was set at $826,538 for 2025 compared to $762,547 in the prior year.
- $658KNon-equity incentive plan compensation payments increased to $657,924 for the CEO based on performance achievements under the SMICP.
- $787KStock awards granted to the CEO under the LTEIP totaled $787,290 in 2025.
- $119KAll other compensation for the CEO totaled $118,850, which included 401(k) contributions and dividend reinvestments.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.