Ernie Garateix
2023
In 2023, Ernie Garateix earned a total compensation of $5M as CEO at Heritage Insurance Holdings, a 111% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $1,480,000 |
|---|---|
| Salary | $1,000,000 |
| Stock Awards | $2,475,000 |
| Other | $40,816 |
| Total | $4,995,816 |
Garateix received $2.5M in stock awards, accounting for 50% of the total pay in 2023.
Garateix also received $1.5M in non-equity incentive plan, $1M in salary and $40.8K in other compensation.
Rankings
In 2023, Ernie Garateix's compensation ranked 110th out of 2,271 executives tracked by ExecPay. In other words, Garateix earned more than 95.2% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 110 out of 2,271 | 95th |
Division Finance, Insurance, And Real Estate | 9 out of 349 | 97th |
Major group Insurance Carriers | 1 out of 18 | 94th |
Industry group Fire, Marine, And Casualty Insurance | 1 out of 8 | 88th |
Industry Fire, Marine, and Casualty Insurance | 1 out of 8 | 88th |
Source: SEC filing on April 25, 2024.
Garateix's colleagues
We found two more compensation records of executives who worked with Ernie Garateix at Heritage Insurance Holdings in 2023.