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| Terms expiring at this annual meeting: | | | Marc D. Fine, Jason M. Kelly, | |
| Terms expiring at the | | | Zachary W. Bawel, D. Neil Dauby, Susan J. | |
| Terms expiring at the | | | |
| | Our Board recommends that you vote FOR all four (4) of the nominees named below. | | |
Total Number of Directors | | | 12 | | |||||||||
| | | Female | | | Male | | ||||||
Part I: Gender Identity | | | | | | | | | | | | | |
Directors | | | | | 4 | | | | | | 8 | | |
Part II: Demographic Background | | | | | | | | | | | | | |
African American or Black | | | | | 1 | | | | | | — | | |
White | | | | | 3 | | | | | | 8 | | |
Name | | | Audit Committee | | | Compensation/ Human Resources Committee | | | Governance/ Nominating Committee | |
D. Neil Dauby | | | | | | | | | | |
Zachary W. Bawel | | | | | | C | | | X | |
Angela Curry | | | | | | X | | | | |
Susan J. Ellspermann | | | | | | X | | | | |
Marc D. Fine | | | | | | | | | X | |
Jason M. Kelly | | | X | | | | | | | |
Diane B. Medley | | | X | | | | | | | |
M. Darren Root | | | C | | | | | | | |
Christina M. Ryan | | | | | | X | | | | |
Thomas W. Seger | | | | | | X | | | C | |
Jack W. Sheidler | | | | | | | | | | |
Tyson J. Wagler | | | X | | | | | | | |
Number of meetings in 2023 | | | 5 | | | 4 | | | 3 | |
Name | | | Principal Positions | | | Age | |
| | ||||||
Chairman and Chief Executive Officer of the Company and its bank subsidiary; Director of the Company and its principal subsidiaries. | | | | ||||
| | ||||||
| | | |||||
| | Executive Vice President and Chief Digital and Information Officer of the Company and its bank subsidiary. | | | 46 | | |
Michael F. Beckwith | | | Executive Vice President and Chief Banking Officer of the Company and its bank subsidiary. | | | | |
Amy D. Jackson | | | Executive Vice President and Chief Administrative Officer of the Company and its bank subsidiary. | | | 47 | |
Keith A. Leinenbach | | | Executive Vice President and Chief Credit Officer of the Company and its bank subsidiary. | | | | |
Bradley C. Arnett | | | Senior Vice President, Chief Legal Officer and Corporate Secretary of the Company and its bank subsidiary. | | | 59 | |
Vicki L. Schuler | | | Senior Vice President and Controller (Principal Accounting Officer) of the Company and its bank subsidiary. | | | 49 | |
Name | | | Common Shares Beneficially Owned(1) | | | Percentage of Outstanding Shares | | ||||||
Zachary W. Bawel | | | | | | | | | | * | | | |
Angela Curry | | | | | 1,195 | | | | | | * | | |
D. Neil Dauby | | | | | 43,211 | | | | | | * | | |
Susan J. Ellspermann | | | | | 6,209 | | | | | | * | | |
Marc D. Fine | | | | | | | | | | * | | | |
Jason M. Kelly | | | | | | | | | | * | | | |
| | | | ||||||||||
| | | | | * | ||||||||
| | ||||||||||||
M. Darren Root | | | | | | | | | | * | | | |
Christina M. Ryan | | | | | |||||||||
| | | | | * | | | ||||||
Thomas W. Seger | | | | | | | | | | | | ||
Jack W. Sheidler | | | | | |||||||||
| | | | | * | | | ||||||
Tyson J. Wagler | | | | | |||||||||
| | | | | * | | | ||||||
Bradley M. Rust | | | | | | | | | | * | | | |
| | | | | | | | | * | | | ||
Michael F. Beckwith | | | | | 24,362 | | | | | | * | | |
Amy D. Jackson | | | | | 7,750 | | | | | | * | | |
Keith A. Leinenbach | | | | | | | | | | * | | | |
Bradley C. Arnett | | | | | 2,232 | | | | | | * | | |
Vicki L. Schuler | | | | | 11,305(5) | | | | | | * | | |
All directors and Executive Officers as a group (19 persons) | | | | | | | | | | | |
Name | | | Common Shares Beneficially Owned | | | Percentage of Outstanding Shares | | ||||||
BlackRock, Inc.(1) | | | | | | | | | | | | ||
The Vanguard Group(2) | | | | | 1,689,061(2) | | | | | | 5.7%(3) | | |
M. Darren Root, Chairman Jason M. Kelly Diane B. Medley Tyson J. Wagler |
| | | Civista Bancshares, Inc. | | |||||||
| | | | ||||||||
| First Financial Corporation | | | | | Horizon Bancorp, Inc. | | | Independent Bank Corporation | | |
| Lakeland Financial Corporation | | | Macatawa Bank Corp. | | | Mercantile Bank Corporation | | | Midland States Bancorp, Inc. | |
| MidWestOne Financial Group, Inc. | | | Nicolet Bankshares, Inc. | | | |||||
| | | |||||||||
| Premier Financial Corp. | | |||||||||
| | | | | |
Executive | | 2020 Base Salary | | 2019 Base Salary | | % Increase | | | 2023 Base Salary | | 2022 Base Salary | | % Increase | | ||||||||||||||||||||||||
Mr. Schroeder | | | $ | 600,000 | | | | $ | 487,441* | | | | | 23.1% | | | ||||||||||||||||||||||
Mr. Ewing | | | $ | 375,000 | | | | $ | 305,000 | | | | | 23.0% | | | ||||||||||||||||||||||
Mr. Dauby | | | $ | 625,000 | | | | $ | 580,000 | | | | | 7.8 | | | ||||||||||||||||||||||
Mr. Rust | | | $ | 350,000 | | | | $ | 270,000 | | | | | 29.6% | | | | | $ | 450,000 | | | | $ | 440,000 | | | | | 2.3 | | | ||||||
Mr. Braun | | | $ | 270,750 | | | | $ | 235,000 | | | | | 15.2% | | | ||||||||||||||||||||||
Mr. Leinenbach | | | $ | 295,000 | | | | $ | 242,000 | | | | | 21.9% | | | | | $ | 350,000 | | | | $ | 340,000 | | | | | 2.9 | | | ||||||
Mr. Dauby | | | $ | 350,000 | | | | $ | 235,000 | | | | | 48.9% | | | ||||||||||||||||||||||
Mr. Beckwith | | | $ | 350,000 | | | | | — | | | | | — | | | ||||||||||||||||||||||
Ms. Jackson | | | $ | 300,000 | | | | $ | 265,000 | | | | | 13.2 | | | ||||||||||||||||||||||
Mr. Barrett | | | $ | 275,000 | | | | $ | 250,000 | | | | | 10.0 | | |
| | Potential 2020 Short-Term Award as Percentage of 2020 Base Salary at the Following Performance Levels | | | Potential 2023 Short-Term Award as Percentage of 2023 Base Salary at the Following Performance Levels | | ||||||||||||||||||||||||||||||||
Executive | | Good | | Very Good | | Exceptional | | | Good | | Very Good | | Exceptional | | ||||||||||||||||||||||||
Mr. Schroeder | | | | 37.50% | | | | | 62.50% | | | | | 87.50% | | | ||||||||||||||||||||||
Mr. Ewing | | | | 30.00% | | | | | 50.00% | | | | | 70.00% | | | ||||||||||||||||||||||
Mr. Dauby | | | | 37.50% | | | | | 62.50% | | | | | 87.50% | | | ||||||||||||||||||||||
Mr. Rust | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | | | | 30.00% | | | | | 50.00% | | | | | 70.00% | | | ||||||
Mr. Braun | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | ||||||||||||||||||||||
Mr. Leinenbach | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | ||||||
Mr. Dauby | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | ||||||||||||||||||||||
Mr. Beckwith | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | ||||||||||||||||||||||
Ms. Jackson | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | ||||||||||||||||||||||
Mr. Barrett | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | |
Short-term Cash Incentive Award Criteria | | | Percentage of Potential Award | | |||
Corporate Operating Results: Formula assessments of | | | | | 80% | | |
Judgmental/Individual Criteria: Formula and/or judgmental assessments of personal or area of responsibility performance during | | | | | 20% | | |
Total | | | | | 100% | | |
Corporate Operating Measures | | | Percentage Weighting | | |||
Income/revenue measures (applied to all Executive Officers): | | | | | | | |
| | | | 25% | | | |
Efficiency ratio | | | | | 10% | | |
Consolidated balance sheet measures (applied to all Executive Officers): | | | | | | | |
Growth in core organic taxable loans | | | | | 20% | | |
Growth in core organic deposits and repurchase agreements | | | | | 15% | | |
Non-performing assets to total assets ratio | | | | | 10% | | |
Total | | | | | 80% | | |
Corporate Operating Measures | | | | ||
Net income “trigger” | | | Exceeded | | |
Income/revenue measures: | | | | | |
| | Below Good (Threshold) | | ||
Efficiency ratio | | | | ||
Consolidated balance sheet measures: | | | | | |
Growth in core organic taxable loans | | | | ||
Growth in core organic deposits and repurchase agreements | | | | ||
Non-performing assets to total assets ratio | | | | ||
Overall short-term incentive performance | | | Between Good & Very Good | |
| | Potential 2020 Long-Term Incentive Award as Percentage of 2020 Base Salary at the Following Performance Levels | | | Potential 2023 Long-Term Incentive Award as Percentage of 2023 Base Salary at the Following Performance Levels | | ||||||||||||||||||||||||||||||||
Executive | | Good | | Very Good | | Exceptional | | | Good | | Very Good | | Exceptional | | ||||||||||||||||||||||||
Mr. Schroeder | | | | 37.50% | | | | | 62.50% | | | | | 87.50% | | | ||||||||||||||||||||||
Mr. Ewing | | | | 30.00% | | | | | 50.00% | | | | | 70.00% | | | ||||||||||||||||||||||
Mr. Dauby | | | | 37.50% | | | | | 62.50% | | | | | 87.50% | | | ||||||||||||||||||||||
Mr. Rust | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | | | | 30.00% | | | | | 50.00% | | | | | 70.00% | | | ||||||
Mr. Braun | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | ||||||||||||||||||||||
Mr. Leinenbach | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | ||||||
Mr. Dauby | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | ||||||||||||||||||||||
Mr. Beckwith | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | ||||||||||||||||||||||
Ms. Jackson | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | | ||||||||||||||||||||||
Mr. Barrett | | | | 26.25% | | | | | 43.75% | | | | | 61.25% | | |
Long-term | | | Percentage of Potential Award | | |||
| | | | 331∕3% | | | |
| | | | 331∕3% | | | |
| | | | 331∕3% | | | |
Total | | | | | 100% | | |
Long-term Incentive Measures | | | | ||
Net income “trigger” | | | Exceeded | | |
Adjusted return on equity | | Between Very Good & Exceptional | | ||
Adjusted return on | | | Between Good & Very Good | | |
| | Between Very Good & Exceptional | | ||
Overall long-term incentive performance | | | Between Very Good & | |
Name and Principal Position (a) | | Year (b) | | Salary ($) (c) | | Bonus(5) ($) (d) | | Stock Awards(6) ($) (e) | | Option Awards(7) ($) (f) | | Non-Equity Incentive Plan Compensation(8) ($) (g) | | Change in Pension Value and Non- qualified Deferred Compensation Earnings(9) ($) (h) | | All Other Compensation(10) ($) (i) | | Total ($) (j) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark A. Schroeder, Chairman and Chief Executive Officer | | | | | 2020 | | | | | 600,000 | | | | | ― | | | | | 358,801 | | | | | ― | | | | | 273,900 | | | | | 23,225 | | | | | 114,948 | | | | | 1,370,874 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 430,000 | | | | | 35,000 | | | | | 119,083 | | | | | ― | | | | | 293,553 | | | | | 18,314 | | | | | 128,257 | | | | | 1,024,207 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 390,000 | | | | | ― | | | | | 84,834 | | | | | ― | | | | | 275,222 | | | | | 46,160 | | | | | 126,010 | | | | | 922,226 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Clay W. Ewing, (1) President and Secretary | | | | | 2020 | | | | | 375,000 | | | | | ― | | | | | 179,425 | | | | | ― | | | | | 135,450 | | | | | ― | | | | | 64,786 | | | | | 754,661 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 305,000 | | | | | 30,000 | | | | | 53,393 | | | | | ― | | | | | 166,207 | | | | | ― | | | | | 61,721 | | | | | 616,321 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 285,000 | | | | | ― | | | | | 38,367 | | | | | ― | | | | | 160,107 | | | | | ― | | | | | 59,145 | | | | | 542,619 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bradley M. Rust, (2) Executive Vice President and Chief Financial Officer | | | | | 2020 | | | | | 339,500 | | | | | ― | | | | | 146,554 | | | | | ― | | | | | 110,618 | | | | | 12,662 | | | | | 62,126 | | | | | 671,460 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 270,000 | | | | | 25,000 | | | | | 41,392 | | | | | ― | | | | | 128,709 | | | | | 11,761 | | | | | 58,608 | | | | | 535,470 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 250,000 | | | | | ― | | | | | 29,232 | | | | | ― | | | | | 123,106 | | | | | 11,162 | | | | | 55,620 | | | | | 469,120 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Randall L. Braun, (3) Executive Vice President and Chief Development Officer | | | | | 2020 | | | | | 270,750 | | | | | ― | | | | | 113,341 | | | | | ― | | | | | 85,571 | | | | | ― | | | | | 54,208 | | | | | 523,870 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 235,000 | | | | | 20,000 | | | | | 30,884 | | | | | ― | | | | | 96,017 | | | | | ― | | | | | 52,016 | | | | | 433,917 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 220,000 | | | | | ― | | | | | 21,924 | | | | | ― | | | | | 92,982 | | | | | ― | | | | | 46,148 | | | | | 381,054 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Keith A. Leinenbach, Executive Vice President and Chief Credit Officer | | | | | 2020 | | | | | 295,000 | | | | | ― | | | | | 123,534 | | | | | ― | | | | | 93,235 | | | | | ― | | | | | 59,188 | | | | | 570,957 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 242,000 | | | | | 20,000 | | | | | 31,791 | | | | | ― | | | | | 98,889 | | | | | ― | | | | | 41,613 | | | | | 434,293 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 225,000 | | | | | ― | | | | | 22,838 | | | | | ― | | | | | 94,681 | | | | | ― | | | | | 39,526 | | | | | 382,045 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
D. Neil Dauby,(4) Executive Vice President and Chief Commercial Banking Officer | | | | | 2020 | | | | | 310,375 | | | | | ― | | | | | 146,554 | | | | | ― | | | | | 110,618 | | | | | ― | | | | | 45,507 | | | | | 613,054 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 235,000 | | | | | 20,000 | | | | | 30,884 | | | | | ― | | | | | 96,017 | | | | | ― | | | | | 39,987 | | | | | 421,888 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 220,000 | | | | | ― | | | | | 21,924 | | | | | ― | | | | | 92,982 | | | | | ― | | | | | 37,742 | | | | | 372,648 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name and Principal Position | | Year | | Salary ($) | | Bonus(1) ($) | | Stock Awards(2) ($) | | Option Awards(3) ($) | | Non-Equity Incentive Plan Compensation(4) ($) | | Change in Pension Value and Non- qualified Deferred Compensation Earnings(5) ($) | | All Other Compensation(6) ($) | | Total ($) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | | (b) | | (c) | | (d) | | (e) | | (f) | | (g) | | (h) | | (i) | | (j) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
D. Neil Dauby, Chairman and Chief Executive Officer | | | | | 2023 | | | | | 625,000 | | | | | ― | | | | | 423,754 | | | | | ― | | | | | 254,688 | | | | | ― | | | | | 114,673 | | | | | 1,418,115 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | | 580,000 | | | | | ― | | | | | 403,122 | | | | | ― | | | | | 297,540 | | | | | ― | | | | | 93,389 | | | | | 1,374,051 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 425,000 | | | | | ― | | | | | 243,000 | | | | | | | | | | 244,440 | | | | | ― | | | | | 59,146 | | | | | 971,586 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bradley M. Rust, President and Chief Financial Officer | | | | | 2023 | | | | | 450,000 | | | | | ― | | | | | 244,086 | | | | | ― | | | | | 151,020 | | | | | 13,844 | | | | | 92,287 | | | | | 951,237 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | | 440,000 | | | | | ― | | | | | 244,652 | | | | | ― | | | | | 184,448 | | | | | 13,302 | | | | | 84,449 | | | | | 966,851 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 375,000 | | | | | ― | | | | | 202,513 | | | | | ― | | | | | 203,700 | | | | | 12,781 | | | | | 64,727 | | | | | 858,721 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Keith A. Leinenbach, Executive Vice President and Chief Credit Officer | | | | | 2023 | | | | | 350,000 | | | | | ― | | | | | 166,115 | | | | | ― | | | | | 102,778 | | | | | ― | | | | | 77,477 | | | | | 696,370 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | | 340,000 | | | | | ― | | | | | 165,434 | | | | | ― | | | | | 123,522 | | | | | ― | | | | | 73,225 | | | | | 702,181 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 310,000 | | | | | ― | | | | | 146,501 | | | | | ― | | | | | 147,343 | | | | | ― | | | | | 60,562 | | | | | 664,406 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Michael F. Beckwith, Executive Vice President and Chief Banking Officer | | | | 2023 | | | | | 350,000 | | | | | ― | | | | | 166,115 | | | | | ― | | | | | 100,328 | | | | | ― | | | | | 56,806 | | | | | 673,249 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amy D. Jackson, Executive Vice President and Chief Administrative Officer | | | | | 2023 | | | | | 300,000 | | | | | ― | | | | | 142,389 | | | | | ― | | | | | 87,045 | | | | | ― | | | | | 52,287 | | | | | 581,721 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | | 265,000 | | | | | ― | | | | | 128,950 | | | | | ― | | | | | 96,275 | | | | | ― | | | | | 34,393 | | | | | 524,618 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Clay M. Barrett, Executive Vice President and Chief Digital and Information Officer | | | | | 2023 | | | | | 275,000 | | | | | ― | | | | | 130,526 | | | | | ― | | | | | 77,866 | | | | | ― | | | | | 49,905 | | | | | 533,297 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | | 250,000 | | | | | ― | | | | | 121,681 | | | | | ― | | | | | 89,950 | | | | | ― | | | | | 28,716 | | | | | 490,347 | | |
| | | Schroeder | | | Ewing | | | Rust | | | Braun | | | Leinenbach | | | Dauby | | ||||||||||||||||||
To be Paid/Vested on or before 3/15/2024 (grants related to 2020) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Short-Term Cash ($)(a) | | | | | 273,900 | | | | | | 135,450 | | | | | | 110,618 | | | | | | 85,571 | | | | | | 93,235 | | | | | | 110,618 | | |
Long-Term Cash ($)(b) | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | | n/a | | |
Long-Term Stock ($)(b) | | | | | 358,801 | | | | | | 179,425 | | | | | | 146,554 | | | | | | 113,341 | | | | | | 123,534 | | | | | | 146,554 | | |
To be Paid/Vested on or before 12/5/2022 (grants related to 2019) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Short-Term Cash ($)(a) | | | | | 247,250 | | | | | | 139,934 | | | | | | 108,392 | | | | | | 80,864 | | | | | | 83,272 | | | | | | 80,864 | | |
Long-Term Cash ($)(b) | | | | | 46,303 | | | | | | 26,273 | | | | | | 20,317 | | | | | | 15,153 | | | | | | 15,617 | | | | | | 15,153 | | |
Long-Term Stock ($)(b) | | | | | 94,092 | | | | | | 53,393 | | | | | | 41,392 | | | | | | 30,884 | | | | | | 31,791 | | | | | | 30,884 | | |
Director Restricted Stock Award ($)(c) | | | | | 24,991 | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | |
To be Paid/Vested on or before 12/5/2021 (grants related to 2018) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Short-Term Cash ($)(a) | | | | | 232,830 | | | | | | 135,774 | | | | | | 104,213 | | | | | | 78,606 | | | | | | 80,393 | | | | | | 78,606 | | |
Long-Term Cash ($)(b) | | | | | 42,392 | | | | | | 24,333 | | | | | | 18,893 | | | | | | 14,376 | | | | | | 14,288 | | | | | | 14,376 | | |
Long-Term Stock ($)(b) | | | | | 64,859 | | | | | | 38,367 | | | | | | 29,232 | | | | | | 21,924 | | | | | | 22,838 | | | | | | 21,924 | | |
Director Restricted Stock Award ($)(c) | | | | | 19,975 | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | |
Name | | Year | | Perquisites & Other Personal Benefits(a) ($) | | Relocation Expense Reimbursement ($) | | Payments/ Accruals on Termination Plans ($) | | Company Contributions to Defined Contribution Plans ($) | | Cash Dividends on Restricted Stock ($) | | Life Insurance Premiums(b) ($) | | | Year | | Perquisites & Other Personal Benefits(a) ($) | | Relocation Expense Reimbursement ($) | | Payments/ Accruals on Termination Plans ($) | | Company Contributions to Defined Contribution Plans ($) | | Cash Dividends on Restricted Stock ($) | | Life Insurance Premiums(b) ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark A. Schroeder | | | | 2020 | | | | | 66,914 | | | | | ― | | | | | ― | | | | | 42,722 | | | | | 4,192 | | | | | 1,120 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2019 | | | | | 85,024 | | | | | ― | | | | | ― | | | | | 37,939 | | | | | 4,089 | | | | | 1,205 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2018 | | | | | 83,186 | | | | | ― | | | | | ― | | | | | 36,660 | | | | | 5,054 | | | | | 1,109 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Clay W. Ewing | | | | 2020 | | | | | 34,453 | | | | | ― | | | | | ― | | | | | 25,773 | | | | | 2,426 | | | | | 2,134 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2019 | | | | | 33,359 | | | | | ― | | | | | ― | | | | | 24,842 | | | | | 2,411 | | | | | 1,109 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2018 | | | | | 31,210 | | | | | ― | | | | | ― | | | | | 23,851 | | | | | 2,975 | | | | | 1,109 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
D. Neil Dauby | | | | | 2023 | | | | | 55,064 | | | | | | | | | | | | | | | 43,698 | | | | | 14,730 | | | | | 1,181 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | | 48,308 | | | | | ― | | | | | ― | | | | | 37,541 | | | | | 6,818 | | | | | 722 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 31,163 | | | | | ― | | | | | ― | | | | | 24,194 | | | | | 3,067 | | | | | 722 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Bradley M. Rust | | | | 2020 | | | | | 37,883 | | | | | ― | | | | | ― | | | | | 21,992 | | | | | 1,865 | | | | | 386 | | | | | | | 2023 | | | | | 50,161 | | | | | | | | | | | | | | | 30,936 | | | | | 10,468 | | | | | 722 | | | |||||||||||||
| | | | 2019 | | | | | 35,802 | | | | | ― | | | | | ― | | | | | 20,598 | | | | | 1,822 | | | | | 386 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2018 | | | | | 33,872 | | | | | ― | | | | | ― | | | | | 19,224 | | | | | 2,138 | | | | | 386 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Randall L. Braun | | | | 2020 | | | | | 34,550 | | | | | ― | | | | | ― | | | | | 17,152 | | | | | 1,397 | | | | | 1,109 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2019 | | | | | 32,660 | | | | | ― | | | | | ― | | | | | 16,877 | | | | | 1,370 | | | | | 1,109 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2018 | | | | | 28,173 | | | | | ― | | | | | ― | | | | | 15,655 | | | | | 1,598 | | | | | 722 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Bradley M. Rust | | | | | 2022 | | | | | 47,178 | | | | | ― | | | | | ― | | | | | 30,252 | | | | | 6,297 | | | | | 722 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 37,897 | | | | | ― | | | | | ― | | | | | 22,642 | | | | | 3,466 | | | | | 722 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 37,747 | | | | | ― | | | | | ― | | | | | 18,892 | | | | | 1,440 | | | | | 1,109 | | | | | | 2023 | | | | | 44,115 | | | | | | | | | | | | | | | 23,761 | | | | | 7,467 | | | | | 2,134 | | | |||||||||||||||
| | | | 2019 | | | | | 21,817 | | | | | ― | | | | | ― | | | | | 17,288 | | | | | 1,399 | | | | | 1,109 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2018 | | | | | 20,766 | | | | | ― | | | | | ― | | | | | 16,040 | | | | | 1,611 | | | | | 1,109 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
D. Neil Dauby | | | | 2020 | | | | | 24,571 | | | | | ― | | | | | ― | | | | | 18,817 | | | | | 1,397 | | | | | 722 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2019 | | | | | 21,018 | | | | | ― | | | | | ― | | | | | 16,877 | | | | | 1,370 | | | | | 722 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2018 | | | | | 19,873 | | | | | ― | | | | | ― | | | | | 15,576 | | | | | 1,571 | | | | | 722 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Keith A. Leinenbach | | | | | 2022 | | | | | 43,608 | | | | | ― | | | | | ― | | | | | 23,673 | | | | | 4,835 | | | | | 1,109 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 38,752 | | | | | ― | | | | | ― | | | | | 17,893 | | | | | 2,808 | | | | | 1,109 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2023 | | | | | 32,577 | | | | | | | | | | | | | | | 20,716 | | | | | 3,127 | | | | | 386 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Amy D. Jackson | | | | | 2023 | | | | | 30,311 | | | | | | | | | | | | | | | 17,712 | | | | | 4,012 | | | | | 252 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | | 18,952 | | | | | ― | | | | | ― | | | | | 13,746 | | | | | 1,443 | | | | | 252 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Clay M. Barrett | | | | | 2023 | | | | | 29,957 | | | | | | | | | | | | | | | 16,143 | | | | | 3,553 | | | | | 252 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | | 17,149 | | | | | ― | | | | | ― | | | | | 10,257 | | | | | 1,058 | | | | | 252 | | |
Name (a) | | Grant Date* (b) | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | Estimated Future Payouts Under Equity Incentive Plan Awards (2) | | | All Other Stock Awards: Number of Shares of Stock or Units (#) (i) | | All Other Awards: Number of Securities Underlying Options (#) (j) | | Exercise or Base Price of Option Awards ($/Share) (k) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Good ($) (c) | | Very Good ($) (d) | | Exceptional ($) (e) | | Good (#) (f) | | Very Good (#) (g) | | Exceptional (#) (h) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark A. Schroeder | | | | 03-30-20 | | | | | 225,000 | | | | | 375,000 | | | | | 525,000 | | | | | 6,800 | | | | | 11,333 | | | | | 15,866 | | | | | ― | | | | | ― | | | | | ― | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Clay W. Ewing | | | | 03-30-20 | | | | | 112,500 | | | | | 187,500 | | | | | 262,500 | | | | | 3,400 | | | | | 5,667 | | | | | 7,933 | | | | | ― | | | | | ― | | | | | ― | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | All Other Stock Awards: Number of Shares of Stock or Units (#) | | All Other Awards: Number of Securities Under- lying Options (#) | | Exercise or Base Price of Option Awards ($/Share) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Grant Date* | | Good ($) | | Very Good ($) | | Exceptional ($) | | Good (#) | | Very Good (#) | | Exceptional (#) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | | (b) | | (c) | | (d) | | (e) | | (f) | | (g) | | (h) | | (i) | | (j) | | (k) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
D. Neil Dauby | | | | 2-27-23 | | | | | 234,375 | | | | | 390,625 | | | | | 546,875 | | | | | 7,231 | | | | | 12,052 | | | | | 16,873 | | | | | — | | | | | ― | | | | | ― | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bradley M. Rust | | | | 03-30-20 | | | | | 91,875 | | | | | 153,125 | | | | | 214,375 | | | | | 2,777 | | | | | 4,628 | | | | | 6,479 | | | | | ― | | | | | ― | | | | | ― | | | | | | 2-27-23 | | | | | 135,000 | | | | | 225,000 | | | | | 315,000 | | | | | 4,165 | | | | | 6,942 | | | | | 9,719 | | | | | ― | | | | | ― | | | | | ― | | | ||||||||||||||||||||
Randall L. Braun | | | | 03-30-20 | | | | | 71,072 | | | | | 118,453 | | | | | 165,834 | | | | | 2,148 | | | | | 3,580 | | | | | 5,012 | | | | | ― | | | | | ― | | | | | ― | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Michael F. Beckwith | | | | 2-27-23 | | | | | 91,875 | | | | | 153,125 | | | | | 214,375 | | | | | 2,834 | | | | | 4,724 | | | | | 6,614 | | | | | ― | | | | | ― | | | | | ― | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Keith A. Leinenbach | | | | 03-30-20 | | | | | 77,438 | | | | | 129,063 | | | | | 180,688 | | | | | 2,341 | | | | | 3,901 | | | | | 5,461 | | | | | ― | | | | | ― | | | | | ― | | | | | | 2-27-23 | | | | | 91,875 | | | | | 153,125 | | | | | 214,375 | | | | | 2,834 | | | | | 4,724 | | | | | 6,614 | | | | | ― | | | | | ― | | | | | ― | | | ||||||||||||||||||||
D. Neil Dauby | | | | 03-30-20 | | | | | 91,875 | | | | | 153,125 | | | | | 214,375 | | | | | 2,777 | | | | | 4,628 | | | | | 6,479 | | | | | ― | | | | | ― | | | | | ― | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amy D. Jackson | | | | 2-27-23 | | | | | 78,750 | | | | | 131,250 | | | | | 183,750 | | | | | 2,429 | | | | | 4,049 | | | | | 5,669 | | | | | ― | | | | | ― | | | | | ― | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Clay M. Barrett | | | | 2-27-23 | | | | | 72,188 | | | | | 120,313 | | | | | 168,438 | | | | | 2,227 | | | | | 3,712 | | | | | 5,197 | | | | | ― | | | | | ― | | | | | ― | | |
Name (a) | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||
| Number of Shares Acquired on Exercise (#) (b) | | Value Realized on Exercise ($) (c) | | Number of Shares Acquired on Vesting (#) (d) | | Value Realized on Vesting ($) (e) | | ||||||||||||||||||||||||||||||||||||||||||
Mark A. Schroeder | | | | ― | | | | | ― | | | | | 2,160 | | | | | 72,101 | | | |||||||||||||||||||||||||||||
Clay W. Ewing | | | | ― | | | | | ― | | | | | 1,270 | | | | | 42,393 | | | |||||||||||||||||||||||||||||
| | Option Awards | | Stock Awards | | |||||||||||||||||||||||||||||||||||||||||||||
Name | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($) | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($) | | |||||||||||||||||||||||||||||||||||||||||
(a) | | (b) | | (c) | | (d) | | (e) | | |||||||||||||||||||||||||||||||||||||||||
D. Neil Dauby | | | | ― | | | | | ― | | | | | 3,037 | | | | | 103,167 | | | |||||||||||||||||||||||||||||
Bradley M. Rust | | | | ― | | | | | ― | | | | | 970 | | | | | 32,379 | | | | | | ― | | | | | ― | | | | | 2,698 | | | | | 91,651 | | | ||||||||
Randall L. Braun | | | | ― | | | | | ― | | | | | 730 | | | | | 24,367 | | | |||||||||||||||||||||||||||||
Keith A. Leinenbach | | | | ― | | | | | ― | | | | | 750 | | | | | 25,035 | | | | | | ― | | | | | ― | | | | | 2,071 | | | | | 70,352 | | | ||||||||
D. Neil Dauby | | | | ― | | | | | ― | | | | | 730 | | | | | 24,367 | | | |||||||||||||||||||||||||||||
Michael F. Beckwith | | | | ― | | | | | ― | | | | | 1,056 | | | | | 31,881 | | | |||||||||||||||||||||||||||||
Amy D. Jackson | | | | ― | | | | | ― | | | | | 710 | | | | | 21,435 | | | |||||||||||||||||||||||||||||
Clay M. Barrett | | | | ― | | | | | ― | | | | | 525 | | | | | 15,850 | | |
| | | Option Awards | | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||
Name (a) | | | Number of Securities Underlying Unexercised Options (#) Exercisable (b) | | | Number of Securities Underlying Unexercised Options (#) Unexercisable (c) | | | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) (d) | | | Option Exercise Price ($) (e) | | | Option Expiration Date (f) | | | Number of Shares or Units of Stock That Have Not Vested (#) (g) | | | Market Value of Shares or Units of Stock That Have Not Vested ($) (h) | | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) (i) | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) (j) | | |||||||||||||||||||||||||||
Mark A. Schroeder | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | 11,595 | | | | | | 383,679 | | | | | | ― | | | | | | ― | | |
Clay W. Ewing | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | 6,101 | | | | | | 201,882 | | | | | | ― | | | | | | ― | | |
Bradley M. Rust | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | 4,877 | | | | | | 161,380 | | | | | | ― | | | | | | ― | | |
Randall L. Braun | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | 3,722 | | | | | | 123,161 | | | | | | ― | | | | | | ― | | |
Keith A. Leinenbach | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | 3,975 | | | | | | 131,533 | | | | | | ― | | | | | | ― | | |
D. Neil Dauby | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | 4,403 | | | | | | 145,695 | | | | | | ― | | | | | | ― | | |
| | | Option Awards | | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||
Name | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) | | | Option Exercise Price ($) | | | Option Expiration Date | | | Number of Shares or Units of Stock That Have Not Vested (#) | | | Market Value of Shares or Units of Stock That Have Not Vested ($) | | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) | | |||||||||||||||||||||||||||
(a) | | | (b) | | | (c) | | | (d) | | | (e) | | | (f) | | | (g) | | | (h) | | | (i) | | | (j) | | |||||||||||||||||||||||||||
D. Neil Dauby | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | 29,224 | | | | | | 947,150 | | | | | | ― | | | | | | ― | | |
Bradley M. Rust | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | 18,247 | | | | | | 591,385 | | | | | | ― | | | | | | ― | | |
Keith A. Leinenbach | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | 12,532 | | | | | | 406,162 | | | | | | ― | | | | | | ― | | |
Michael F. Beckwith | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | 7,763 | | | | | | 251,599 | | | | | | ― | | | | | | ― | | |
Amy D. Jackson | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | 8,716 | | | | | | 282,486 | | | | | | ― | | | | | | ― | | |
Clay M. Barrett | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | ― | | | | | | 8,016 | | | | | | 259,799 | | | | | | ― | | | | | | ― | | |
Name (a) | | | Executive Contributions in Last FY ($) (b) | | | Registrant Contributions in Last FY ($)(3) (c) | | | Aggregate Earnings in Last FY ($) (d) | | | Aggregate Withdrawals/ Distributions ($) (e) | | | Aggregate Balance at last FYE ($)(5) (f) | | |||||||||||||||
Mark A. Schroeder(1)(2) | | | | | 50,573 | | | | | | 31,322 | | | | | | 128,228 | | | | | | ― | | | | | | 1,092,938 | | |
| | | | | ― | | | | | | ― | | | | | | 23,225 | | | | | | ― | | | | | | 596,322 | | |
Clay W. Ewing(4) | | | | | 11,850 | | | | | | 14,373 | | | | | | 178,665 | | | | | | ― | | | | | | 445,603 | | |
Bradley M. Rust(4) | | | | | 3,575 | | | | | | 10,592 | | | | | | 138 | | | | | | ― | | | | | | 60,741 | | |
Randall L. Braun(4) | | | | | ― | | | | | | 5,752 | | | | | | 1,299 | | | | | | ― | | | | | | 24,612 | | |
Keith A. Leinenbach(4) | | | | | ― | | | | | | 7,492 | | | | | | 52 | | | | | | ― | | | | | | 22,812 | | |
D. Neil Dauby(4) | | | | | 6,532 | | | | | | 7,417 | | | | | | 22 | | | | | | ― | | | | | | 16,879 | | |
Name | | | Executive Contributions in Last FY ($) | | | Registrant Contributions in Last FY ($)(1) | | | Aggregate Earnings (Loss) in Last FY ($)(2) | | | Aggregate Withdrawals/ Distributions ($) | | | Aggregate Balance at last FYE ($)(3) | | |||||||||||||||
(a) | | | (b) | | | (c) | | | (d) | | | (e) | | | (f) | | |||||||||||||||
D. Neil Dauby | | | | | 67,355 | | | | | | 30,498 | | | | | | 39,305 | | | | | | ― | | | | | | 222,975 | | |
Bradley M. Rust | | | | | 19,392 | | | | | | 17,736 | | | | | | 6,519 | | | | | | ― | | | | | | 154,349 | | |
Keith A. Leinenbach | | | | | 7,533 | | | | | | 10,561 | | | | | | 5,064 | | | | | | ― | | | | | | 68,565 | | |
Michael F. Beckwith | | | | | 26,000 | | | | | | 7,516 | | | | | | 11,323 | | | | | | ― | | | | | | 92,625 | | |
Amy D. Jackson | | | | | 6,411 | | | | | | 4,512 | | | | | | 1,979 | | | | | | ― | | | | | | 17,367 | | |
Clay M. Barrett | | | | | 8,825 | | | | | | 2,943 | | | | | | 7,290 | | | | | | ― | | | | | | 47,488 | | |
Name | | | Plan Name | | | Number of Years Credited Service (#) | | | Present Value of Accumulated Benefit ($) | | | Payments During Last Fiscal Year ($) | | |||||||||
| | | | | | | | |||||||||||||||
| ||||||||||||||||||||||
D. Neil Dauby | | | ― | | | | | ― | | | | | | ― | | | | | | ― | | |
Bradley M. Rust | | | Executive Supplemental Retirement Income Agreement | | | | | N/A(1) | | | | | | 166,745(2) | | | | | | None | | |
Keith A. Leinenbach | | | Supplemental Executive Retirement Agreement | | | | | N/A(1) | | | | | | 0 | | | | | | None | | |
Michael F. Beckwith | | | ― | | | | | ― | | | | | | ― | | | | | | ― | | |
Amy D. Jackson | | | ― | | | | | ― | | | | | | ― | | | | | | ― | | |
Clay M. Barrett | | | ― | | | | | ― | | | | | | ― | | | | | | ― | | |
| | | Scheduled to Vest March 15, 2024 | | | Scheduled to Vest December 5, 2024 | | | Scheduled to Vest March 15, 2025 | | | Scheduled to Vest December 5, 2025 | | | Scheduled to Vest March 15, 2026 | | | Total Market Value of Shares(1) ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||
Name | | | Number of Shares (#) | | | Market Value of Shares(1) ($) | | | Number of Shares (#) | | | Market Value of Shares(1) ($) | | | Number of Shares (#) | | | Market Value of Shares(1) ($) | | | Number of Shares (#) | | | Market Value of Shares(1) ($) | | | Number of Shares (#) | | | Market Value of Shares(1) ($) | | ||||||||||||||||||||||||||||||||||||
D. Neil Dauby | | | | | 6,992 | | | | | | 226,611 | | | | | | — | | | | | | — | | | | | | 5,990 | | | | | | 194,136 | | | | | | — | | | | | | — | | | | | | 3,955 | | | | | | 128,182 | | | | | | 548,928 | | |
Bradley M. Rust | | | | | 5,098 | | | | | | 165,226 | | | | | | — | | | | | | — | | | | | | 4,096 | | | | | | 132,751 | | | | | | — | | | | | | — | | | | | | 2,400 | | | | | | 77,784 | | | | | | 375,762 | | |
Keith A. Leinenbach | | | | | 3,694 | | | | | | 119,723 | | | | | | — | | | | | | — | | | | | | 2,849 | | | | | | 92,336 | | | | | | — | | | | | | — | | | | | | 1,624 | | | | | | 52,634 | | | | | | 264,692 | | |
Michael F. Beckwith | | | | | — | | | | | | — | | | | | | 1,587 | | | | | | 51,435 | | | | | | — | | | | | | — | | | | | | 967 | | | | | | 31,340 | | | | | | — | | | | | | — | | | | | | 82,775 | | |
Amy D. Jackson | | | | | 1,265 | | | | | | 40,999 | | | | | | 455 | | | | | | 14,747 | | | | | | 1,265 | | | | | | 40,999 | | | | | | — | | | | | | — | | | | | | 1,266 | | | | | | 41,031 | | | | | | 137,775 | | |
Clay M. Barrett | | | | | 1,194 | | | | | | 38,698 | | | | | | 341 | | | | | | 11,052 | | | | | | 1,194 | | | | | | 38,698 | | | | | | — | | | | | | — | | | | | | 1,194 | | | | | | 36,698 | | | | | | 127,144 | | |
| | | Scheduled to Vest December 5, 2021 | | | Scheduled to Vest December 5, 2022 | | | Total Market Value of Shares(1) ($) | | |||||||||||||||||||||
Name | | | Number of Shares (#) | | | Market Value of Shares(1) ($) | | | Number of Shares (#) | | | Market Value of Shares(1) ($) | | ||||||||||||||||||
Mark A. Schroeder | | | | | 2,474 | | | | | | 81,865 | | | | | | 1,764 | | | | | | 58,371 | | | | | | 140,235 | | |
Clay W. Ewing | | | | | 1,421 | | | | | | 47,021 | | | | | | 1,001 | | | | | | 33,123 | | | | | | 80,144 | | |
Bradley M. Rust | | | | | 1,096 | | | | | | 36,267 | | | | | | 776 | | | | | | 25,678 | | | | | | 61,944 | | |
Randall L. Braun | | | | | 819 | | | | | | 27,101 | | | | | | 579 | | | | | | 19,159 | | | | | | 46,260 | | |
Keith A. Leinenbach | | | | | 846 | | | | | | 27,994 | | | | | | 596 | | | | | | 19,722 | | | | | | 47,716 | | |
D. Neil Dauby | | | | | 819 | | | | | | 27,101 | | | | | | 579 | | | | | | 19,159 | | | | | | 46,260 | | |
Year | | | Summary compensation table total for PEO(1) ($) | | | Compensation actually paid to PEO(2) ($) | | | Average summary compensation table total for non-PEO named executive officers(1) ($) | | | Average compensation actually paid to non-PEO named executive officers(2) ($) | | | Value of initial fixed $100 investment based on: | | | Net income(5) ($ Thousands) | | | 3-Year Average Growth in Adjusted Earnings per Share(6) | | |||||||||||||||||||||||||||
| Total shareholder return(3) ($) | | | Peer group total shareholder return(4) ($) | | ||||||||||||||||||||||||||||||||||||||||||||
(a) | | | (b) | | | (c) | | | (d) | | | (e) | | | (f) | | | (g) | | | (h) | | | (i) | | ||||||||||||||||||||||||
2023 | | | | | 1,418,115 | | | | | | 1,344,065 | | | | | | 687,175 | | | | | | 637,832 | | | | | | 100.86 | | | | | | 102.59 | | | | | $ | 85,888 | | | | | | 9% | | |
2022 | | | | | 1,374,051 | | | | | | 1,196,188 | | | | | | 689,558 | | | | | | 624,348 | | | | | | 112.33 | | | | | | 110.78 | | | | | $ | 81,825 | | | | | | 13% | | |
2021 | | | | | 1,626,579 | | | | | | 1,518,365 | | | | | | 801,437 | | | | | | 726,260 | | | | | | 114.58 | | | | | | 129.96 | | | | | $ | 84,137 | | | | | | 18% | | |
2020 | | | | | 1,370,874 | | | | | | 1,122,181 | | | | | | 626,800 | | | | | | 526,384 | | | | | | 95.22 | | | | | | 92.90 | | | | | $ | 62,210 | | | | | | 10% | | |
Year | | | PEO | | | Non-PEO NEOS | |
2023 | | | D. Neil Dauby | | | Bradley M. Rust, Keith A. Leinenbach, Michael F. Beckwith, Amy D. Jackson and Clay M. Barrett | |
2022 | | | D. Neil Dauby | | | Bradley M. Rust, Randall L. Braun, Keith A. Leinenbach, Amy D. Jackson and Clay M. Barrett | |
2021 | | | Mark A. Schroeder | | | D. Neil Dauby, Bradley M. Rust, Randall L. Braun and Keith A. Leinenbach | |
2020 | | | Mark A. Schroeder | | | D. Neil Dauby, Clay W. Ewing, Bradley M. Rust, Randall L. Braun and Keith A. Leinenbach | |
Description | | | Fiscal Year (“FY”) 2023 | | | FY 2022 | | | FY 2021 | | | FY 2020 | | ||||||||||||||||||||||||||||||||||||
| PEO ($) | | | Average for Non-PEO NEOs ($) | | | PEO ($) | | | Average for Non-PEO NEOs ($) | | | PEO ($) | | | Average for Non-PEO NEOs ($) | | | PEO ($) | | | Average for Non-PEO NEOs ($) | | ||||||||||||||||||||||||||
Deduct the amounts reported in the SCT for “stock awards” (column (e)) and “option awards” (column (f)) | | | | | (423,754) | | | | | | (169,846) | | | | | | (403,122) | | | | | | (168,145) | | | | | | (421,906) | | | | | | (187,585) | | | | | | (358,801) | | | | | | (141,882) | | |
Add the fair value (“FV”) as of the end of the applicable FY of all awards granted during such FY that are outstanding and unvested as of the end of the FY | | | | | 384,609 | | | | | | 138,611 | | | | | | 227,679 | | | | | | 106,946 | | | | | | 286,776 | | | | | | 105,899 | | | | | | 116,742 | | | | | | 46,736 | | |
Add/Deduct the change as of the end of the applicable FY (from the end of the prior FY) in FV of any awards granted in any prior FY that are outstanding and unvested as of the end of such FY | | | | | (24,792) | | | | | | (8,905) | | | | | | (3,367) | | | | | | (1,908) | | | | | | 10,390 | | | | | | 3,725 | | | | | | (1,796) | | | | | | (744) | | |
Add, for awards that are granted and vest in the same year, the FV as of the vesting date | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Add/Deduct the change as of the vesting date (from the end of the prior FY) in FV of any awards granted in any prior FY for which all applicable vesting conditions were satisfied at the end of or during the applicable FY | | | | | (10,113) | | | | | | (6,434) | | | | | | 947 | | | | | | 557 | | | | | | 16,526 | | | | | | 5,979 | | | | | | (4,838) | | | | | | (1,994) | | |
Subtract, for any awards granted in any prior FY that fail to meet the applicable vesting conditions during the applicable FY, the amount equal to the FV at the end of the prior FY | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Add any dividends or other earnings paid on stock or option awards in the applicable FY prior to the vesting date that are not otherwise included in the total compensation for such FY | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Deduct aggregate change in the Actuarial Present Values reported under the “Change in Pension Value” Column of the SCT | | | | | — | | | | | | (2,769) | | | | | | — | | | | | | (2,660) | | | | | | — | | | | | | (3,195) | | | | | | — | | | | | | (2,532) | | |
Add, for all pension plans reported in the SCT, the aggregate of Service Cost and Prior Service Cost | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total | | | | | (74,050) | | | | | | (49,343) | | | | | | (177,863) | | | | | | (65,210) | | | | | | (108,214) | | | | | | (75,177) | | | | | | (248,693) | | | | | | (100,416) | | |
Name | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(1) | | Option Awards | | Non-Equity Incentive Compensation | | Change in Pension Value and Non- qualified Deferred Compensation Earnings ($) | | All Other Compensation | | Total ($) | | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(1) | | Option Awards | | Non-Equity Incentive Compensation | | Change in Pension Value and Non- qualified Deferred Compensation Earnings ($) | | All Other Compensation | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Zachary W. Bawel | | | | 54,650 | | | | | 24,972 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 79,622 | | | | | | 53,750 | | | | | 39,973 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 93,723 | | | ||||||||||||||
Angela Curry | | | | 39,650 | | | | | 39,973 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 79,623 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Susan J. Ellspermann | | | | 43,700 | | | | | 39,973 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 83,673 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Marc D. Fine | | | | 63,400 | | | | | 24,972 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 88,372 | | | | | | 57,150 | | | | | 39,973 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 97,123 | | | ||||||||||||||
Jason M. Kelly | | | | 46,250 | | | | | 24,972 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 71,222 | | | | | | 51,450 | | | | | 39,973 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 91,423 | | | ||||||||||||||
U. Butch Klem | | | | 83,250 | | | | | 24,972 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 108,222 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
J. David Lett | | | | 53,900 | | | | | 24,972 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 78,872 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Lee A. Mitchell | | | | 38,150 | | | | | 24,972 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 63,122 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Chris A. Ramsey | | | | 44,600 | | | | | 24,972 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 69,572 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Diane B. Medley | | | | 43,400 | | | | | 39,973 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 83,373 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
M. Darren Root | | | | 55,300 | | | | | 24,972 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 80,272 | | | | | | 54,950 | | | | | 39,973 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 94,923 | | | ||||||||||||||
Christina M. Ryan | | | | 41,600 | | | | | 24,972 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 66,572 | | | | | | 38,750 | | | | | 39,973 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 78,723 | | | ||||||||||||||
Thomas W. Seger | | | | 80,700 | | | | | 24,972 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 105,672 | | | | | | 83,050 | | | | | 39,973 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 123,023 | | | ||||||||||||||
Jack W. Sheidler | | | | 41,700 | | | | | 24,972 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 66,672 | | | | | | 53,100 | | | | | 39,973 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 93,073 | | | ||||||||||||||
Raymond W. Snowden | | | | 51,350 | | | | | 24,972 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 76,322 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Tyson J. Wagler | | | | 44,600 | | | | | 24,972 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 69,572 | | | | | | 50,100 | | | | | 39,973 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 90,073 | | |
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