Heritage Insurance Holdings CEO Ernie Garateix's 2023 pay jumps 111% to $5M
Heritage Insurance Holdings reports 2023 executive compensation
By ExecPay News
Published: April 25, 2024
Heritage Insurance Holdings reported fiscal year 2023 executive compensation information on April 25, 2024.
In 2023, three executives at Heritage Insurance Holdings received on average a compensation package of $3.1M, a 84% increase compared to previous year.
Average pay of disclosed executives at Heritage Insurance Holdings
Ernie Garateix, Chief Executive Officer, received $5M in total, which increased by 111% compared to 2022. 50% of Garateix's compensation, or $2.5M, was in stock awards. Garateix also received $1.5M in non-equity incentive plan, $1M in salary, as well as $41K in other compensation.
Kirk Lusk, Chief Financial Officer, received a compensation package of $2.5M, which increased by 73% compared to previous year. 43% of the compensation package, or $1.1M, was in stock awards.
Tim Moura, President, NBIC, earned $1.7M in 2023, a 43% increase compared to previous year.
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Source: SEC filing on April 25, 2024.