MBIN · Merchants Bancorp · Executive Compensation

$48.97 -0.09 (-0.17%) At close · Oct 23

S&P 600 member Russell 2000 member Rebalance outlook locked

Market Cap

$2.25B

45.94M

Volume · Oct 23 115.48K Avg daily vol (3M) 185.24K

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
Sean Sievers	Chief Financial Officer	Appointed	2024-09-09	2024-09-11
John F. Macke	Executive Vice President, Chief Financial Officer, and principal accounting officer	Retired	2024-09-30	2024-03-07

Leadership

Michael J. Dunlap CEO, Chairman, Board Member
Michael R. Dury CEO
Sean A. Sievers CFO
Sean Sievers CFO, Chief Accounting Officer
Darin Thomas Chief Accounting Officer
Andrew A. Juster Board Member
Anne E. Sellers Board Member
Julia L. Kaercher Board Member
Mark E. Shaffer Board Member
Michael F. Petrie Board Member
Michael S. Curless Board Member
Patrick D. O’Brien Board Member
Randall D. Rogers Board Member
Scott A. Evans Board Member
Tamika D. Catchings Board Member
Thomas W. Dinwiddie Board Member

Key facts CIK 1629019 CUSIP 58844R108 13F (30d) 36 filings 36 filers Visit website Investor relations