Ernie Garateix
2021
In 2021, Ernie Garateix earned a total compensation of $3M as CEO at Heritage Insurance Holdings, a 69% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $740,000 |
|---|---|
| Salary | $1,000,000 |
| Stock Awards | $1,250,000 |
| Other | $24,296 |
| Total | $3,014,296 |
Garateix received $1.3M in stock awards, accounting for 41% of the total pay in 2021.
Garateix also received $740K in non-equity incentive plan, $1M in salary and $24.3K in other compensation.
Rankings
In 2021, Ernie Garateix's compensation ranked 4,411th out of 12,415 executives tracked by ExecPay. In other words, Garateix earned more than 64.5% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 4,411 out of 12,415 | 65th |
Division Finance, Insurance, And Real Estate | 672 out of 2,276 | 71st |
Major group Insurance Carriers | 128 out of 279 | 54th |
Industry group Fire, Marine, And Casualty Insurance | 50 out of 140 | 64th |
Industry Fire, Marine, and Casualty Insurance | 50 out of 140 | 64th |
Pay ratio
| Ernie Garateix's Pay | $3,014,296 |
|---|---|
| Median Employee's Pay | $76,677 |
| Pay Ratio | 39to 1 |
In 2021, the annual total compensation of Ernie Garateix was $3,014,296.
The annual total compensation of the median employee at Heritage Insurance Holdings was $76,677.
The ratio of Ernie Garateix's pay to the pay of median employee was therefore 39 to one.
Source: SEC filing on April 29, 2022.
Garateix's colleagues
We found four more compensation records of executives who worked with Ernie Garateix at Heritage Insurance Holdings in 2021.