Independent Bank Group CEO David Brooks' 2020 pay jumps 83% to $4.3M
Independent Bank Group reports 2020 executive compensation
By ExecPay News
Published: April 27, 2021
Independent Bank Group reported fiscal year 2020 executive compensation information on April 27, 2021.
In 2020, five executives at Independent Bank Group received on average a compensation package of $2.3M, a 88% increase compared to previous year.
Average pay of disclosed executives at Independent Bank Group
David R. Brooks, Chief Executive Officer, received $4.3M in total, which increased by 83% compared to 2019. 62% of Brooks' compensation, or $2.7M, was in stock awards. Brooks also received $739K in non-equity incentive plan, $799K in salary, as well as $76K in other compensation.
Daniel W. Brooks, Chairman, received a compensation package of $2.2M, which increased by 110% compared to previous year. 56% of the compensation package, or $1.2M, was in stock awards.
Michael B. Hobbs, Executive Vice President and Chief Banking Officer, earned $1.9M in 2020.
Michelle S. Hickox, Chief Financial Officer, received $1.8M in 2020, which increases by 122% compared to 2019.
Mark S. Haynie, General Counsel, earned $1.3M in 2020, a 48% increase compared to previous year.
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Source: SEC filing on April 27, 2021.