Sundar PichaiSundar Pichai earned $164M in 2023
V

C. Malcolm Holland, III

Founder and CEO of Veritex Holdings

Education

Bachelor's degree in Business Administration from Southern Methodist University

Field of Expertise

Finance & Banking - Finance

Born

March 15, 1958 - 66 years ago

Economy Sector

Financial Services

Current Tenure

15 years 2 months (Jan 2010 - Present)

Previous Experience

Founder and CEO of Veritex Holdings, Inc.

C. Malcolm Holland, III is the founder and CEO of Veritex Holdings, Inc. With a finance background, he has been leading the company since 2009, dating back to its beginnings. His journey in banking started in 1982, working his way...

Year

2023

Total Compensation

$1.45M

Salary

$800.00K

Board Justification

The compensation philosophy aims to attract and retain a talented management team while aligning executive compensation with company performance and shareholder interests.

Bonus

$320.00K

Board Justification

The annual incentive payout for 2023 was based on a balanced scorecard of financial metrics, resulting in a payout equal to 40% of target.

Other

$332.37K

Board Justification

Other compensation includes reimbursement for country club membership dues, life insurance premiums, and personal use of the corporate airplane.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the focus was on performance-based equity and RSUs, which are subject to future vesting periods.

Performance Metrics

The performance metrics for determining compensation included earnings per share, tangible book value growth, and credit quality metrics.