Sundar PichaiSundar Pichai earned $164M in 2023

David R. Brooks is the Chairman and CEO of Independent Bank Group, Inc. (IBTX). He has a Bachelor’s degree in Business Administration and has been involved in community banking since the early 1980s when he helped found the company in...

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David R. Brooks

CEO of Independent Bank Group

Education

Bachelor's degree in Business Administration

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1966 - 59 years ago

CEO of Independent Bank Group for

10 years 11 months (Apr 2014 - Present)

Previous Experience

Various executive roles in banking

Rivals

Competitors/colleagues of David R. Brooks

Holdings

See how much did David R. Brooks make over time.

David Brooks has shown a strong commitment to his company, with a substantial portion of his wealth tied to his holdings in Independent Bank Group. In 2022, he granted 7,113 restricted stock units as part of his compensation, a reflection...

Total Stock Sold

$27.09M

IBTX

$27.09M

420,000 IBTX shares

What if they kept their stock?

If David R. Brooks didn't sell their stock, today they would have:
Extra IBTX420,000 shares worth $11.07M.
This is -59.13% and $16.02M less than what they got when they sold the stock.

Charitable Transactions

IBTX

29,600 shares

IBTX

Recent Charitable Transactions

IBTX

29,600 shares

IBTX

Mar 18, 2015

Charity

Insider Trading

See recent insider trades of David R. Brooks.

IBTX

28,800 shares

IBTX

Jul 16, 2024

Received

IBTX

16,223 shares

IBTX

Feb 21, 2024

Received

IBTX

$151.80K

IBTX at $30.36/share

May 4, 2023

Purchase

IBTX

14,823 shares

IBTX

Feb 21, 2023

Received

IBTX

7,113 shares

IBTX

Feb 24, 2022

Received

IBTX

$3.00M

IBTX at $75.00/share

Mar 8, 2021

Sale

IBTX

$8.02M

IBTX at $72.93/share

Feb 23, 2021

Sale

IBTX

8,387 shares

IBTX

Jan 28, 2021

Received

IBTX

8,387 shares

IBTX

Jan 25, 2021

Received

IBTX

$7.98M

IBTX at $66.53/share

Jan 19, 2021

Sale

Compensation History

See how much did David R. Brooks make over time.

In 2022, David Brooks’ total compensation reached around $3.4 million. His salary made up a significant portion at about $846,875. Interestingly, he received no cash bonuses for this financial year, reflecting a possibly conservative approach during uncertain times. However, he was granted restricted stock units that vest over several years, indicating a long-term commitment to the bank's performance. His structured compensation aligns his interests with those of shareholders, focusing on performance metrics like adjusted earnings per share and efficiency ratios to gauge success and profitability.

Year

2022

Total Compensation

$989.69K

Salary

$846.88K

Board Justification

The compensation philosophy is designed to attract and retain executive talent, reward superior performance, and align the interests of executives with those of shareholders.

Bonus

$0.00

Board Justification

No cash bonus was awarded for 2022 performance.

Other

$142.82K

Board Justification

Other compensation includes 401(k) contributions, insurance premiums, and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2022 as the amounts listed are for stock awards granted in previous years.

Performance Metrics

Performance metrics include Adjusted EPS, Adjusted Efficiency Ratio, and Non-Performing Assets.