HORIZON BANCORP INC /IN/
For the period ended Mar 20, 2026. Filed Mar 20, 2026.
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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 20, 2026 · Filed Mar 20, 2026
Contents
2025 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 2025 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 2024 Pearl Meyer report delivered in December 2024. The Compensation Committee’s review included a study of base pay, bonus, and long-term compensation.
Horizon’s peer group for purposes of the 2024 Pearl Meyer report included the following companies:
| Byline Bancorp | German American Bancorp, Inc. | Nicolet Bankshares, Inc. |
|---|---|---|
| (Chicago, IL) | (Jasper, IN) | (Green Bay, WI) |
| Community Trust Bancorp | Great Southern Bancorp | Old Second Bancorp, Inc. |
| (Pikeville, KY) | (Springfield, MO) | (Aurora, IL) |
| City Holding Company | Independent Bank Corporation | Park National Corporation |
| (Charleston, WV) | (Ionia, MI) | (Newark, OH) |
| Farmers National Banc Corp. | Lakeland Financial | Peoples Bancorp |
| (Canfield, OH) | (Warsaw, IN) | (Marietta, OH) |
| First Busey Corporation | Mercantile Bank | Premier Financial Corp. |
| (Champaign, IL) | (Grand Rapids, MI) | (Defiance, OH) |
| First Mid Bancshares, Inc. | Midland States Bancorp | QCR Holdings |
| (Mattoon, IL) | (Effingham, IL) | (Moline, IL) |
| MidWestOne Financial Group, Inc. | Stock Yards Bancorp, Inc. | |
| (Iowa City, IA) | (Louisville, KY) |
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