Paresh Patel
2020
In 2020, Paresh Patel earned a total compensation of $5.2M as Chief Executive Officer at HCI Group, a 14% decrease compared to previous year.
Compensation breakdown
| Bonus | $1,000,000 |
|---|---|
| Option Awards | $1,233,898 |
| Salary | $986,539 |
| Stock Awards | $1,838,800 |
| Other | $170,230 |
| Total | $5,229,467 |
Patel received $1.8M in stock awards, accounting for 35% of the total pay in 2020.
Patel also received $1M in bonus, $1.2M in option awards, $986.5K in salary and $170.2K in other compensation.
Rankings
In 2020, Paresh Patel's compensation ranked 2,095th out of 13,090 executives tracked by ExecPay. In other words, Patel earned more than 84.0% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 2,095 out of 13,090 | 84th |
Division Finance, Insurance, And Real Estate | 348 out of 2,550 | 86th |
Major group Insurance Carriers | 71 out of 308 | 77th |
Industry group Fire, Marine, And Casualty Insurance | 28 out of 172 | 84th |
Industry Fire, Marine, and Casualty Insurance | 28 out of 172 | 84th |
Pay ratio
| Paresh Patel's Pay | $5,229,467 |
|---|---|
| Median Employee's Pay | $66,586 |
| Pay Ratio | 79to 1 |
In 2020, the annual total compensation of Paresh Patel was $5,229,467.
The annual total compensation of the median employee at HCI Group was $66,586.
The ratio of Paresh Patel's pay to the pay of median employee was therefore 79 to one.
Source: SEC filing on April 29, 2021.
Patel's colleagues
We found four more compensation records of executives who worked with Paresh Patel at HCI Group in 2020.