HORIZON BANCORP INC /IN/
For the period ended Mar 17, 2025. Filed Mar 17, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Mar 17, 2025 · Filed Mar 17, 2025
Contents
2024 Compensation Program
The Compensation Committee sets the compensation of all named executive officers of Horizon, including that of the Chief Executive Officer. Compensation is composed of several segments, including base salary, short-term incentives, and long-term incentives. The Compensation Committee compares all executive compensation, including that of the Chief Executive Officer, to the compensation paid to persons holding the comparable position in similar financial institutions.
In determining the 2024 compensation for the Chief Executive Officer, Chief Financial Officer and other top officers, the Compensation Committee relied in part upon the analysis provided by the 2023 FW Cook report delivered in December 2023. The Compensation Committee’s review included a study of base pay, bonus, and long-term compensation.
Horizon’s peer group for purposes of the 2023 FW Cook report included the following companies:
| 1st Source Corporation | German American Bancorp, Inc. | Old Second Bancorp, Inc. |
|---|---|---|
| (South Bend, IN) | (Jasper, IN) | (Aurora, IL) |
| Byline Bancorp | Great Southern Bancorp | Park National Corporation |
| (Chicago, IL) | (Springfield, MO) | (Newark, OH) |
| Community Trust Bancorp | Independent Bank Corporation | Peoples Bancorp |
| (Pikeville, KY) | (Ionia, MI) | (Marietta, OH) |
| City Holding Company | Lakeland Financial | Premier Financial Corp. |
| (Charleston, WV) | (Warsaw, IN) | (Defiance, OH) |
| Farmers National Banc Corp. | Mercantile Bank | QCR Holdings |
| (Canfield, OH) | (Grand Rapids, MI) | (Moline, IL) |
| First Busey Corporation | Midland States Bancorp | Stock Yards Bancorp, Inc. |
| (Champaign, IL) | (Effingham, IL) | (Louisville, KY) |
| First Mid Bancshares, Inc. | MidWestOne Financial Group, Inc. | |
| (Mattoon, IL) | (Iowa City, IA) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.