Heritage Insurance Holdings CEO Ernie Garateix's 2021 pay jumps 69% to $3M
Heritage Insurance Holdings reports 2021 executive compensation
By ExecPay News
Published: April 29, 2022
Heritage Insurance Holdings reported fiscal year 2021 executive compensation information on April 29, 2022.
In 2021, five executives at Heritage Insurance Holdings received on average a compensation package of $1.4M, a 44% increase compared to previous year.
Average pay of disclosed executives at Heritage Insurance Holdings
Ernie Garateix, Chief Executive Officer, received $3M in total, which increased by 69% compared to 2020. 41% of Garateix's compensation, or $1.3M, was in stock awards. Garateix also received $740K in non-equity incentive plan, $1M in salary, as well as $24K in other compensation.
For fiscal year 2021, the median employee pay was $76,677 at Heritage Insurance Holdings. Therefore, the ratio of Ernie Garateix's pay to the median employee pay was 39 to one.
Kirk Lusk, Chief Financial Officer, received a compensation package of $1.5M, which increased by 40% compared to previous year. 61% of the compensation package, or $950K, was in salary.
Tim Moura, President, NBIC, earned $1.3M in 2021, a 30% increase compared to previous year.
Sharon Binnun, Chief Accounting Officer, received $729K in 2021, which increases by 32% compared to 2020.
Tim Johns, President, Zephyr Insurance Company, earned $454K in 2021, a 2% increase compared to previous year.
Related executives
Ernie Garateix
Heritage Insurance Holdings
Chief Executive Officer
Kirk Lusk
Heritage Insurance Holdings
Chief Financial Officer
Tim Moura
Heritage Insurance Holdings
President, NBIC
Sharon Binnun
Heritage Insurance Holdings
Chief Accounting Officer
Tim Johns
Heritage Insurance Holdings
President, Zephyr Insurance Company
You may also like
Source: SEC filing on April 29, 2022.