Charles N. Funk has been at the helm of MidWestOne Financial Group since 2018, steering the company through various financial landscapes. He is focused on aligning the company's performance with shareholder interests, emphasizing long-term growth and risk management. Funk's compensation...
Charles N. Funk has been at the helm of MidWestOne Financial Group since 2018, steering the company through various financial landscapes. He is focused on aligning the company's performance with shareholder interests, emphasizing long-term growth and risk management. Funk's compensation increased significantly in 2022, totaling $1,034,428, which reflects his ability to achieve 117% of performance targets, including success metrics like core EPS and return on average tangible equity. One intriguing aspect of Funk's leadership is his steady insider trading activity. Between September and December 2019, his holdings grew from $3.54 million to over $4.10 million, showcasing his optimism in the company's future. By early 2024, those numbers fluctuated back down to around $2.98 million, illustrating the ups and downs of the market. Funk's management strategies have not only focused on immediate gains but on building a sustainable performance culture within the firm.