Independent Bank Group CEO David Brooks' 2019 pay rises 13% to $2.3M
Independent Bank Group reports 2019 executive compensation
By ExecPay News
Published: July 27, 2020
Independent Bank Group reported fiscal year 2019 executive compensation information on July 27, 2020.
In 2019, six executives at Independent Bank Group received on average a compensation package of $1.2M, a 32% increase compared to previous year.
Average pay of disclosed executives at Independent Bank Group
David R. Brooks, Chief Executive Officer, received $2.3M in total, which increased by 13% compared to 2018. 34% of Brooks' compensation, or $804K, was in stock awards. Brooks also received $702K in non-equity incentive plan, $765K in salary, as well as $72K in other compensation.
For fiscal year 2019, the median employee pay was $62,861 at Independent Bank Group. Therefore, the ratio of David R. Brooks' pay to the median employee pay was 37 to one.
Brian E. Hobart, Chairman, received a compensation package of $1.2M, which increased by 45% compared to previous year. 48% of the compensation package, or $594K, was in other compensation.
Daniel W. Brooks, Chairman, earned $1M in 2019, a 14% increase compared to previous year.
James P. Tippit, Executive Vice President and Head of Corporate Responsibility , received $1M in 2019, which increases by 180% compared to 2018.
Mark S. Haynie, General Counsel, earned $852K in 2019, a 9% decrease compared to previous year.
Michelle S. Hickox, Chief Financial Officer, received $816K in 2019, which increases by 19% compared to 2018.
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Source: SEC filing on July 27, 2020.