Thomas M. Prame is the CEO of Horizon Bancorp, effective June 1, 2023. He brings a wealth of experience to his role, having previously served as President of Horizon Bancorp and its bank subsidiary, Horizon Bank. Thomas is a finance...

Current Market Cap

$715.13M

Number of Employees

876

Total Compensation

2023 - 2023

Trending up by 0.00% last year
Showing total compensation for the last 2023 - 2023

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

Up by 0.00% last year

Year

2023

Total Compensation

$652.54K

Salary

$600.00K

Board Justification

Horizon Bancorp's compensation philosophy is to align executive compensation with annual and long-term performance, ensuring it is competitive with peer institutions while promoting retention and shareholder interests.

Bonus

$0.00

Board Justification

No bonuses were paid to Mr. Prame for 2023 due to not meeting the minimum earnings threshold for bonus payouts.

Other

$52.54K

Board Justification

Other compensation includes retirement plan contributions and dividends on performance and restricted stock.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested for Mr. Prame in 2023 as he was appointed CEO on June 1, 2023, and the stock awards are typically granted with a vesting schedule.

Performance Metrics

The performance metrics for 2023 included achieving a minimum net income threshold of $65.5 million for any bonuses to be paid, which was not met.

SEC Filing

From March 18, 2024