MBIN · Merchants Bancorp · Executive Compensation

$52.83 +0.37 (+0.71%)

S&P 600 member Russell 2000 member Rebalance outlook locked

Market Cap

$2.42B

45.94M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Sean A. Sievers	Executive Vice President and Chief Financial Officer	$186,885	$500,040	—	—	$96,346	$8,077	$887,622

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael R. Dury	President and Chief Executive Officer of Merchants Capital	$250,000	$7,898,645	—	—	$100	$12,700	$8,357,352
Michael F. Petrie	Chairmanof the Board and Chief Executive Officer	$800,000	—	—	—	$100	$20,950	$1,549,064
Michael J. Dunlap	President and Chief Operating Officer of the Company and President and Chief Executive Officer of Merchants Bank	$620,000	$48,400	—	—	$201,600	$12,700	$1,487,502

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael R. Dury	President and Chief Executive Officer of Merchants Capital	$130,000	$4,174,190	—	—	$100	$12,550	$4,430,606
Michael F. Petrie	Chairmanof the Board and Chief Executive Officer	$750,000	$150,000	—	—	$100	$22,319	$1,578,683
Michael J. Dunlap	President and Chief Operating Officer of the Company and President and Chief Executive Officer of Merchants Bank	$600,000	$250,000	—	—	$150,100	$12,550	$1,537,665

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael R. Dury	President and Chief Executive Officer of Merchants Capital	$120,000	$3,532,760	$84,012	—	—	$8,400	$3,745,172
Michael J. Dunlap	President and Chief Operating Officer of the Company and Chief Executive Officer of Merchants Bank	$550,000	$210,100	$275,009	—	—	$8,400	$1,043,509
Michael F. Petrie	Chairman of the Board and Chief Executive Officer	$700,000	$100	—	—	—	$17,242	$717,342

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael R. Dury	President and Chief Executive Officer of Merchants Capital	$110,000	$3,268,106	$77,008	—	—	$8,250	$3,463,364
Michael J. Dunlap	President and Chief Operating Officer of the Company and Chief Executive Officer of Merchants Bank	$500,000	$100,000	$249,995	—	—	$8,250	$858,245
Michael F. Petrie	Chairman of the Board and Chief Executive Officer	$630,000	—	—	—	—	$17,640	$647,740

Executive changes

Person	Role	Change	Effective	Filed
Darin Thomas	Chief Accounting Officer	Appointed	2025-03-17	2025-03-20

Key facts CIK 1629019 CUSIP 58844R108 13F (30d) 116 filings 116 filers Visit website Investor relations