Sundar PichaiSundar Pichai earned $164M in 2023
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Drake Mills

CEO of Origin Bancorp

Education

B.S. in Finance from Louisiana Tech University

Field of Expertise

Finance & Banking - Finance

Born

March 11, 1961 - 63 years ago

Economy Sector

Financial Services

Current Tenure

17 years 1 month (Jan 2008 - Present)

Previous Experience

Various roles including branch manager, consumer loan officer, commercial lender, and Chief Financial Officer at Origin Bank.

Drake Mills is the CEO and Chairman of Origin Bancorp, Inc., having taken on this role since January 2019. He has a background in finance, holding a Bachelor’s degree from the University of Louisiana at Monroe. Under his leadership, the...

Year

2023

Total Compensation

$1.67M

Salary

$835.80K

Board Justification

The compensation philosophy is designed to attract and retain talented executives while aligning their interests with those of stockholders through performance-based incentives.

Bonus

$408.16K

Board Justification

The bonus is based on the achievement of certain Company performance goals and individual goals, finalized at the Compensation Committee meeting in February 2024.

Other

$60.65K

Board Justification

Other compensation includes perquisites such as personal use of a company car, 401(k) contributions, life insurance premiums, and country club dues.

Restricted Stock

$360.50K(11.17K RSU)

Board Justification

The stock that vested in 2023 includes RSUs and PSUs, with a total value calculated based on the closing price of the stock at the time of vesting.

Performance Metrics

The performance metrics include normalized pre-tax, pre-provision ROAA, normalized net income, non-performing assets to LHFI, and net charge-offs to average LHFI.