Live Oak Bancshares President, Bank M Garriott's 2019 pay jumps 2,103% to $5.9M
Live Oak Bancshares reports 2019 executive compensation
By ExecPay News
Published: April 2, 2021
Live Oak Bancshares reported fiscal year 2019 executive compensation information on April 2, 2021.
In 2019, six executives at Live Oak Bancshares received on average a compensation package of $1.6M, a 61% increase compared to previous year.
Average pay of disclosed executives at Live Oak Bancshares
M. Huntley Garriott, Jr, President, Bank, received $5.9M in total, which increased by 2,103% compared to 2018. 83% of Garriott's compensation, or $4.9M, was in stock awards. Garriott also received $80K in bonus, $800K in salary, as well as $135K in other compensation.
For fiscal year 2019, the median employee pay was $82,439 at Live Oak Bancshares. Therefore, the ratio of M. Huntley Garriott, Jr's pay to the median employee pay was 71 to one.
Susan N. Janson, Chief Risk Officer, Bank, received a compensation package of $906K, which decreased by 44% compared to previous year. 51% of the compensation package, or $464K, was in stock awards.
Neil L. Underwood, President, earned $832K in 2019, a 3% increase compared to previous year.
Steven J. Smits, Chief Credit Officer, received $790K in 2019, which decreases by 36% compared to 2018.
S. Brett Caines, Chief Financial Officer, earned $752K in 2019, a 37% decrease compared to previous year.
James S. Mahan III, Chief Executive Officer, received $716K in 2019, which decreases by 27% compared to 2018.
Related executives
Steven Smits
Live Oak Bancshares
Chief Credit Officer
James Mahan
Live Oak Bancshares
Chief Executive Officer
S Caines
Live Oak Bancshares
Chief Financial Officer
M Garriott
Live Oak Bancshares
President, Bank
Susan Janson
Live Oak Bancshares
Chief Risk Officer, Bank
Neil Underwood
Live Oak Bancshares
President
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Source: SEC filing on April 2, 2021.