MBWM · Mercantile Bank Corp

$58.49 +1.31 (+2.28%) At close · Jul 24

Market Cap

$1.01B

17.27M

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
Raymond E. Reitsma	CEO	$627,500	—	—	—	$458,850	$95,440	$1,181,790
Charles E. Christmas	CFO	$415,000	—	—	—	$190,900	$70,927	$676,827
Mark S. Augustyn	Executive Vice President, Chief Commercial Banking Officer of Mercantile Bank	$420,777	—	—	—	$169,363	$62,944	$653,979
Robert B. Kaminski Jr.	CEO	$299,463	—	$37,622	—	$175,519	$85,770	$598,620
Scott P. Setlock	COO	$330,000	—	—	—	$132,825	$51,935	$514,760
Brett E. Hoover	Executive Vice President, Chief Human Resource Officer of Mercantile and of Mercantile Bank	$275,000	—	—	—	$94,875	$45,678	$415,553

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert B. Kaminski Jr.	CEO	$665,700	—	$348,673	—	$366,135	$97,211	$1,477,989
Raymond E. Reitsma	CEO	$484,784	—	$316,208	—	$242,392	$92,464	$1,135,848
Charles E. Christmas	CFO	$394,921	—	$186,707	—	$157,968	$73,484	$813,080
Brett E. Hoover	Executive Vice President, Chief Human Resource Officer of Mercantile and of Mercantile Bank	$220,000	—	$109,989	—	$66,000	$38,724	$434,713
Robert T. Worthington	General Counsel	$260,000	—	$53,788	—	$52,000	$27,290	$395,799

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert B. Kaminski Jr.	CEO	$634,000	—	$366,133	—	$348,700	$81,115	$1,430,026
Raymond E. Reitsma	CEO	$440,784	—	$242,387	—	$198,353	$80,629	$962,153
Charles E. Christmas	CFO	$374,921	—	$177,706	—	$151,222	$63,317	$767,166
Robert T. Worthington	General Counsel	$260,000	—	$51,970	—	$52,000	$27,637	$392,393
Lonna L. Wiersma	Board Member	$54,417	$40,000	—	—	—	$17,020	$111,437
Brett E. Hoover	Executive Vice President, Chief Human Resource Officer of Mercantile and of Mercantile Bank	—	—	—	—	—	—	—

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert B. Kaminski Jr.	CEO	$519,000	—	$348,700	—	$286,163	$54,989	$1,208,919
Raymond E. Reitsma	President	$405,784	—	$220,395	—	$185,207	$59,274	$870,660
Charles E. Christmas	CFO	$374,921	—	$168,732	—	$149,308	$47,452	$740,413
Lonna L. Wiersma	Board Member	$270,783	—	—	—	$103,307	$39,023	$413,113
Robert T. Worthington	General Counsel	$260,000	—	$52,011	—	$74,145	$22,183	$408,981
Brett E. Hoover	Executive Vice President, Chief Human Resource Officer of Mercantile and of Mercantile Bank	—	—	—	—	—	—	—

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert B. Kaminski Jr.	CEO	$538,962	—	$285,431	—	$204,356	$58,581	$1,087,367
Raymond E. Reitsma	COO	$400,621	—	$202,891	—	$118,146	$60,498	$782,156
Charles E. Christmas	CFO	$389,341	—	$168,690	—	$114,819	$49,875	$722,725
Lonna L. Wiersma	Board Member	$281,197	—	$94,767	—	$65,127	$40,727	$481,818
Robert T. Worthington	General Counsel	$270,000	—	$90,998	—	$62,563	$26,972	$450,867

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert B. Kaminski Jr.	CEO	$499,000	—	$285,426	—	$174,650	$55,165	$1,014,368
Raymond E. Reitsma	COO	$370,783	—	$192,860	—	$113,552	$57,217	$734,412
Charles E. Christmas	CFO	$374,921	—	$168,686	—	$114,819	$47,630	$706,056
Lonna L. Wiersma	Board Member	$270,783	—	$94,754	—	$65,157	$42,287	$472,981
Robert T. Worthington	General Counsel	$260,000	—	$90,978	—	$62,563	$26,782	$441,424

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert B. Kaminski Jr.	CEO	$478,500	—	$249,501	—	$167,475	$55,716	$951,266
Charles E. Christmas	CFO	$364,000	—	$168,710	—	$111,475	$48,258	$692,443
Raymond E. Reitsma	President	$346,526	—	$166,864	—	$106,124	$57,344	$676,858
Lonna L. Wiersma	Board Member	$262,895	—	$94,760	—	$63,259	$41,662	$462,576
Robert T. Worthington	COO	$245,000	—	$103,988	—	$69,672	$30,129	$449,366

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert B. Kaminski Jr.	CEO	$435,000	—	$204,105	—	$117,450	$37,065	$793,665
Raymond E. Reitsma	President	$330,025	—	$148,440	—	$89,107	$46,555	$614,127
Charles E. Christmas	CFO	$350,000	—	$129,885	—	$94,500	$34,418	$608,803
Robert T. Worthington	COO	$215,000	—	$129,885	—	$58,050	$15,014	$418,250
Lonna L. Wiersma	Board Member	—	—	—	—	—	—	—

Key facts CIK 1042729 CUSIP 587376104 13F (30d) 35 filings 35 filers Visit website Investor relations