Independent Bank Group CEO David Brooks' 2020 pay jumps 83% to $4.3M

Independent Bank Group reports 2020 executive compensation

By ExecPay News

Published: April 27, 2021

Independent Bank Group reported fiscal year 2020 executive compensation information on April 27, 2021.
In 2020, five executives at Independent Bank Group received on average a compensation package of $2.3M, a 88% increase compared to previous year.
Average pay of disclosed executives at Independent Bank Group
David R. Brooks, Chief Executive Officer, received $4.3M in total, which increased by 83% compared to 2019. 62% of Brooks' compensation, or $2.7M, was in stock awards. Brooks also received $739K in non-equity incentive plan, $799K in salary, as well as $76K in other compensation.
Daniel W. Brooks, Chairman, received a compensation package of $2.2M, which increased by 110% compared to previous year. 56% of the compensation package, or $1.2M, was in stock awards.
Michael B. Hobbs, Executive Vice President and Chief Banking Officer, earned $1.9M in 2020.
Michelle S. Hickox, Chief Financial Officer, received $1.8M in 2020, which increases by 122% compared to 2019.
Mark S. Haynie, General Counsel, earned $1.3M in 2020, a 48% increase compared to previous year.

Related executives

David Brooks

Independent Bank Group

Chief Executive Officer

Michelle Hickox

Independent Bank Group

Chief Financial Officer

Daniel Brooks

Independent Bank Group

Chairman

Michael Hobbs

Independent Bank Group

Chief Operating Officer

Mark Haynie

Independent Bank Group

General Counsel

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Source: SEC filing on April 27, 2021.