Independent Bank Group CEO David Brooks' 2021 pay falls 37% to $2.7M
Independent Bank Group reports 2021 executive compensation
By ExecPay News
Published: April 15, 2022
Independent Bank Group reported fiscal year 2021 executive compensation information on April 15, 2022.
In 2021, five executives at Independent Bank Group received on average a compensation package of $1.5M, a 35% decrease compared to previous year.
Average pay of disclosed executives at Independent Bank Group
David R. Brooks, Chief Executive Officer, received $2.7M in total, which decreased by 37% compared to 2020. 38% of Brooks' compensation, or $1M, was in stock awards. Brooks also received $771K in non-equity incentive plan, $824K in salary, as well as $84K in other compensation.
For fiscal year 2021, the median employee pay was $72,362 at Independent Bank Group. Therefore, the ratio of David R. Brooks' pay to the median employee pay was 38 to one.
Michael B. Hobbs, Chief Operating Officer, received a compensation package of $1.3M, which decreased by 29% compared to previous year. 37% of the compensation package, or $492K, was in salary.
Daniel W. Brooks, Chairman, earned $1.3M in 2021, a 42% decrease compared to previous year.
John G. Turpen, Executive Vice President and Chief Risk Officer, received $1.1M in 2021.
Michelle S. Hickox, Chief Financial Officer, earned $1M in 2021, a 43% decrease compared to previous year.
Related executives
David Brooks
Independent Bank Group
Chief Executive Officer
Michelle Hickox
Independent Bank Group
Chief Financial Officer
Daniel Brooks
Independent Bank Group
Chairman
Michael Hobbs
Independent Bank Group
Chief Operating Officer
John Turpen
Independent Bank Group
Executive Vice President and Chief Risk Officer
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Source: SEC filing on April 15, 2022.