Sundar PichaiSundar Pichai earned $164M in 2023
P

George M. Pereira

CEO of Pacific Premier Bancorp

Education

Master's Degree in Business Administration from Harvard Business School.

Field of Expertise

Finance & Banking - Finance

Born

May 10, 1971 - 53 years ago

Economy Sector

Financial Services

Current Tenure

3 years 6 months (Aug 2021 - Present)

Previous Experience

Served as CEO of various financial institutions, extensive experience in banking and finance.

George M. Pereira is the CEO of Pacific Premier Bancorp, a position he has held since August 2021. He has a strong background in finance, demonstrated by his extensive experience at Charles Schwab Investment Management, where he served as COO...

Year

2022

Total Compensation

$3.52M

Salary

$950.00K

Board Justification

The compensation philosophy emphasizes alignment with stockholder interests, balancing short-term and long-term performance, and ensuring competitive pay to attract and retain key executives.

Bonus

$522.50K

Board Justification

Annual cash incentive based on performance metrics including relative ROAA, efficiency ratio, credit risk, and strategic objectives, resulting in a payout of 55% of target due to the impact of the securities portfolio repositioning transaction and FDIC special assessment.

Other

$0.00

Board Justification

No additional compensation reported outside of salary, bonus, and stock awards.

Restricted Stock

$2.05M(70.3K RSU)

Board Justification

Restricted stock awards that vested in 2023, with 1/3 vesting annually over three years, totaling 70,253 shares.

Performance Metrics

Performance metrics for 2023 included relative ROAA, efficiency ratio, credit risk, and strategic objectives.