Paresh Patel
2019
In 2019, Paresh Patel earned a total compensation of $6.1M as Chief Executive Officer at HCI Group, a 43% increase compared to previous year.
Compensation breakdown
| Bonus | $1,550,000 |
|---|---|
| Option Awards | $1,345,300 |
| Salary | $950,000 |
| Stock Awards | $1,917,600 |
| Other | $313,769 |
| Total | $6,076,669 |
Patel received $1.9M in stock awards, accounting for 32% of the total pay in 2019.
Patel also received $1.6M in bonus, $1.3M in option awards, $950K in salary and $313.8K in other compensation.
Rankings
In 2019, Paresh Patel's compensation ranked 1,670th out of 13,971 executives tracked by ExecPay. In other words, Patel earned more than 88.0% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 1,670 out of 13,971 | 88th |
Division Finance, Insurance, And Real Estate | 325 out of 2,894 | 89th |
Major group Insurance Carriers | 64 out of 384 | 83rd |
Industry group Fire, Marine, And Casualty Insurance | 26 out of 200 | 87th |
Industry Fire, Marine, and Casualty Insurance | 26 out of 200 | 87th |
Pay ratio
| Paresh Patel's Pay | $6,076,669 |
|---|---|
| Median Employee's Pay | $41,017 |
| Pay Ratio | 148to 1 |
In 2019, the annual total compensation of Paresh Patel was $6,076,669.
The annual total compensation of the median employee at HCI Group was $41,017.
The ratio of Paresh Patel's pay to the pay of median employee was therefore 148 to one.
Source: SEC filing on April 28, 2020.
Patel's colleagues
We found four more compensation records of executives who worked with Paresh Patel at HCI Group in 2019.