FIRST MID BANCSHARES, INC.
For the period ended Apr 30, 2025. Filed Mar 18, 2025.
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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.
Apr 30, 2025 · Filed Mar 18, 2025
Contents
2024 Potential Severance Payments
The table set forth below quantifies the additional benefits as described above that would be paid to each named executive officer, assuming a Change in Control of the Company and/or termination of employment occurred on December 31, 2024.
| Joseph R.Dively | Matthew K.Smith | Michael L.Taylor | Eric S.McRae | Bradley L.Beesley | |
|---|---|---|---|---|---|
| Change in Control: | |||||
| Base Salary | $1,081,400 | $630,790 | $701,054 | $595,392 | $213,207 |
| Incentive Compensation (1) | 346,112 | 106,176 | 128,928 | 95,600 | 35,583 |
| Continued Health Coverage (2) | 32,248 | 49,928 | 32,248 | 17,900 | 10,458 |
| Value of Vesting of Unvested Stock Awards (3) | 762,542 | 222,761 | 222,761 | 222,761 | 143,083 |
| No Change in Control: | |||||
| Base Salary | $540,700 | $315,395 | $350,527 | $297,696 | $213,207 |
| Continued Health Coverage (2) | 16,124 | 24,964 | 16,124 | 8,950 | 10,458 |
| Retirement, Death or Disability: | |||||
| Value of Vesting of Unvested Stock Awards (3) | $762,542 | $222,761 | $222,761 | $222,761 | $143,083 |
(1)
Represents an amount equal to the cash incentive compensation earned by the executive for 2023 and paid in 2024.
(2)
Represents the Company’s portion of premiums paid for the executive’s coverage during the applicable severance period.
(3)
The value of the restricted stock and RSUs that vest upon a Change in Control is calculated based on the number of unvested shares covered by the restricted stock award plus the RSUs subject to the performance goal, multiplied by the closing price of the Company’s common stock on December 31, 2024 ($36.82).
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