Craig M. Dwight served as the CEO of Horizon Bancorp from 2001 until June 2023 and had been with the company since 1998. With a Bachelor's degree in Business Administration and a background in finance, he led Horizon Bancorp through...

Number of Employees

876

Year

2023

Total Compensation

$1.54M

Salary

$342.12K

Board Justification

Horizon Bancorp's compensation philosophy is designed to align executive compensation with the company's performance and shareholder interests, ensuring that a significant portion of compensation is performance-based.

Bonus

$392.43K

Board Justification

Target bonus payout as per employment agreement upon retirement.

Other

$806.21K

Board Justification

Includes retirement payments, health benefits, and other accrued compensation as per the employment agreement.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as Mr. Dwight's stock awards were not included in the total compensation calculations for the year.

Performance Metrics

Performance metrics include net income and efficiency ratios, which determine the bonus payouts for executives.

SEC Filing

From March 18, 2024