Sundar PichaiSundar Pichai earned $164M in 2023
H

Bruce K. Lee

CEO of Heartland Financial USA

Education

:null

Field of Expertise

Finance & Banking - Finance

Economy Sector

Financial Services

Current Tenure

6 years 9 months (Jun 2018 - Present)

Previous Experience

Over 30 years in banking, including roles at Fifth Third Bancorp as Executive Vice President and Chief Credit Officer.

Bruce K. Lee is the President and CEO of Heartland Financial USA, Inc. Since stepping into his role as CEO in 2018, he has guided the company through a period of growth and restructuring. With over 30 years in banking,...

Year

2022

Total Compensation

$2.54M

Salary

$850.00K

Board Justification

Compensation levels should be competitive to ensure we attract and retain a highly qualified management team to lead and grow the company, rewarding superior performance and avoiding excessive risks.

Bonus

$794.39K

Board Justification

Annual cash incentive award based on performance standards linked to profitability, credit quality, and loan growth, adjusted by a return on average assets (ROAA) modifier.

Other

$125.21K

Board Justification

Includes contributions to 401(k), non-qualified deferred compensation plan, executive life insurance premiums, and an auto allowance.

Restricted Stock

$774.81K(15.69K RSU)

Board Justification

Restricted Stock Units (RSUs) that vested in 2022.

Performance Metrics

Annual cash incentive based on adjusted core pre-provision pre-tax net revenue, adjusted noninterest income, non-performing assets to total assets, net charge-offs to average loans, organic loan growth, and qualitative factors.