Current role
Commercial Lending
Personal wealth note: Equibles reports source-backed professional activity and disclosed compensation; it does not estimate personal net worth.
Affiliation history
Recorded current and former roles; source labels appear when available.
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Independent Bank Corp /Mi/ (IBCP)
Proxy statement
Current
Company network
Recorded roles and earnings-call appearances connecting this person to public companies.
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2023 | Independent Bank Corp /Mi/ (IBCP) | The amounts set forth in this column represent the aggregate fair value of awards as of the grant date, computed in accordance with FASB ASC Topic 718, “Compensation - Stock Compensation”. Assumptions used in calculating these award amounts are set forth in Note 14, of the Company's 2025 Annual Report. In addition, the relative total shareholder return (“TSR”) performance condition of the performance share units is determined by an independent third party using a Monte-Carlo simulation. The amounts set forth in this column for 2025 represent cash bonuses to be paid to the Named Executives in March 2026, under the terms of the Company's Management Incentive Compensation Plan for the annual period ended December 31, 2025. The amounts set forth in this column for 2024 represent cash bonuses paid to the Named Executives on March 14, 2025, under the terms of the Company's Management Incentive Compensation Plan for the annual period ended December 31, 2024. The amounts set forth in this column for 2023 represent cash bonuses paid to the Named Executives on March 15, 2024, under the terms of the Company's Management Incentive Compensation Plan for the annual period ended December 31, 2023. The amounts set forth in this column include our contributions to the ESOP (subject to certain age and service requirements, all employees are eligible to participate in the ESOP), matching contributions to qualified defined contribution plans, contributions to our Executive Nonqualified Excess Plan (discussed under Nonqualified Deferred Compensation below), IRS determined personal use of company owned automobiles, dividends on restricted stock, and country club and other social club dues. Non-perk compensation in excess of $10,000 includes Company matching contributions to qualified defined contribution plans and contributions to our Executive Nonqualified Excess Plan for Mr. Kessel, Mr. Mohr, Ms. Kimball, Mr. Ervin, and Mr. Rahn totaling, $37,614, $20,044, $18,982, $18,549, and $19,298, respectively. In addition, the amount for Mr. Kessel includes $19,482 in dividends on restricted stock awards. | $290,000 | $513,329 |
| 2022 | Independent Bank Corp /Mi/ (IBCP) | The amounts set forth in this column represent the aggregate fair value of awards as of the grant date, computed in accordance with FASB ASC topic 718, “Compensation - Stock Compensation”. The assumptions used in calculating these award amounts are set forth in Note 14, of the Company's 2024 Annual Report. The amounts set forth in this column for 2024 represent cash bonuses to be paid to the Named Executives in March 2025, under the terms of the Company's Management Incentive Compensation Plan for the annual period ended December 31, 2024. The amounts set forth in this column for 2023 represent cash bonuses paid to the Named Executives on March 15, 2024, under the terms of the Company's Management Incentive Compensation Plan for the annual period ended December 31, 2023. The amounts set forth in this column for 2022 represent cash bonuses paid to the Named Executives on March 3, 2023, under the terms of the Company's Management Incentive Compensation Plan for the annual period ended December 31, 2022. The amounts set forth in this column include our contributions to the ESOP (subject to certain age and service requirements, all employees are eligible to participate in the ESOP), matching contributions to qualified defined contribution plans, contributions to our Executive Nonqualified Excess Plan (discussed under Nonqualified Deferred Compensation below), IRS determined personal use of company owned automobiles, dividends on restricted stock, and country club and other social club dues. Non-perk compensation in excess of $10,000 includes Company matching contributions to qualified defined contribution plans and contributions to our Executive Nonqualified Excess Plan for Mr. Kessel, Mr. Mohr, Ms. Kimball, Mr. Ervin, and Mr. Rahn totaling, $35,443, $18,993, $18,064, $16,116, and $18,100, respectively. In addition, the amount for Mr. Kessel includes $15,746 in dividends on restricted stock awards. | $278,500 | $590,757 |
| 2020 | Independent Bank Corp /Mi/ (IBCP) | The amounts set forth in this column represent the aggregate fair value of awards as of the grant date, computed in accordance with FASB ASC topic 718, “Compensation - Stock Compensation”. The assumptions used in calculating these award amounts are set forth in Note 14, of the Company's 2022 Annual Report. The amounts set forth in this column for 2022 represent cash bonuses paid to the Named Executives on March 3, 2023, under the terms of the Company's Management Incentive Compensation Plan for the annual period ended December 31, 2022. The amounts set forth in this column for 2021 represent cash bonuses paid to the Named Executives on March 4, 2022, under the terms of the Company's Management Incentive Compensation Plan for the annual period ended December 31, 2021. The amounts set forth in this column for 2020 represent cash bonuses paid to the Named Executives on February 5, 2021, under the terms of the Company's Management Incentive Compensation Plan for the annual period ended December 31, 2020. The amounts set forth in this column include our contributions to the ESOP (subject to certain age and service requirements, all employees are eligible to participate in the ESOP), matching contributions to qualified defined contribution plans, IRS determined personal use of company owned automobiles, dividends on restricted stock, and country club and other social club dues. All Other Compensation for Mr. Kessel and Ms. Kimball for 2021 has been updated from last year’s disclosure to reflect the correct amount for that period. All Other Compensation for Mr. Mohr in 2020 includes a signing bonus of $17,500. Mr. Mohr was appointed as the Company's Chief Financial Officer on September 14, 2020. Mr. Rahn was appointed as the Company's Executive Vice President - Commercial Lending on January 1, 2021. | $260,000 | $437,934 |
Recent activity
No earnings-call appearances or filed executive changes recorded yet.