Independent Bank Group CEO David Brooks' 2018 pay rises 8% to $2.1M
Independent Bank Group reports 2018 executive compensation
By ExecPay News
Published: July 27, 2020
Independent Bank Group reported fiscal year 2018 executive compensation information on July 27, 2020.
In 2018, seven executives at Independent Bank Group received on average a compensation package of $925K, a 3% decrease compared to previous year.
Average pay of disclosed executives at Independent Bank Group
David R. Brooks, Chief Executive Officer, received $2.1M in total, which increased by 8% compared to 2017. 35% of Brooks' compensation, or $725K, was in salary. Brooks also received $650K in bonus, $628K in stock awards, as well as $66K in other compensation.
For fiscal year 2018, the median employee pay was $67,914 at Independent Bank Group. Therefore, the ratio of David R. Brooks' pay to the median employee pay was 30 to one.
Mark S. Haynie, General Counsel, received a compensation package of $938K. 57% of the compensation package, or $534K, was in stock awards.
Daniel W. Brooks, Chairman, earned $917K in 2018, a 9% decrease compared to previous year.
Brian E. Hobart, Chairman, received $861K in 2018, which decreases by 9% compared to 2017.
Michelle S. Hickox, Chief Financial Officer, earned $684K in 2018, which is about the same as previous year.
James C. White, Chief Operating Officer, received $644K in 2018, which increases by 17% compared to 2017.
James P. Tippit, Executive Vice President and Head of Corporate Responsibility , earned $361K in 2018, a 41% decrease compared to previous year.
Related executives
Mark Haynie
Independent Bank Group
General Counsel
James Tippit
Independent Bank Group
Executive Vice President and Head of Corporate Responsibility
David Brooks
Independent Bank Group
Chief Executive Officer
Michelle Hickox
Independent Bank Group
Chief Financial Officer
Daniel Brooks
Independent Bank Group
Chairman
Brian Hobart
Independent Bank Group
Chairman
James White
Independent Bank Group
Chief Operating Officer
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Source: SEC filing on July 27, 2020.