Michael B. Hobbs
2021 - Independent Bank Group
In 2021, Michael B. Hobbs earned a total compensation of $1.3M as President and Chief Operating Officer at Independent Bank Group, a 29% decrease compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $391,875 |
|---|---|
| Salary | $492,083 |
| Stock Awards | $286,241 |
| Other | $172,773 |
| Total | $1,342,972 |
Hobbs received $492.1K in salary, accounting for 37% of the total pay in 2021.
Hobbs also received $391.9K in non-equity incentive plan, $286.2K in stock awards and $172.8K in other compensation.
Rankings
In 2021, Michael B. Hobbs' compensation ranked 7,691st out of 12,415 executives tracked by ExecPay. In other words, Hobbs earned more than 38.1% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 7,691 out of 12,415 | 38th |
Division Finance, Insurance, And Real Estate | 1,187 out of 2,276 | 48th |
Major group Depository Institutions | 288 out of 1,000 | 71st |
Industry group Commercial Banks | 250 out of 800 | 69th |
Industry State Commercial Banks | 129 out of 512 | 75th |
Pay ratio
| Michael B. Hobbs' Pay | $1,342,972 |
|---|---|
| Median Employee's Pay | $72,362 |
| Pay Ratio | 19to 1 |
In 2021, the annual total compensation of Michael B. Hobbs was $1,342,972.
The annual total compensation of the median employee at Independent Bank Group was $72,362.
The ratio of Michael B. Hobbs' pay to the pay of median employee was therefore 19 to one.
Source: SEC filing on April 15, 2022.
Hobbs' colleagues
We found four more compensation records of executives who worked with Michael B. Hobbs at Independent Bank Group in 2021.