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An announcement from First Merchants ( (FRME) ) is now available.
On February 3, 2025, First Merchants Corporation’s Board of Directors adopted the 2025 Senior Management Incentive Compensation Program (SMICP), a non-equity incentive plan aimed at the company’s named executive officers and senior management. The plan outlines potential cash payments based on a percentage of base salary tied to performance goals, with specific percentages set for each executive. The program is designed to align management’s performance with the corporation’s operating earnings and, for some, the performance of specific business lines. This initiative underscores First Merchants Corporation’s focus on performance-driven compensation and strategic alignment of executive incentives with corporate earnings and business objectives.
More about First Merchants
YTD Price Performance: 14.38%
Average Trading Volume: 253,212
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.62B
Learn more about FRME stock on TipRanks’ Stock Analysis page.
