Sundar PichaiSundar Pichai earned $164M in 2023
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John C. Corbett

CEO of SouthState

Education

Bachelor's degree from Florida State University

Field of Expertise

Finance & Banking - Banking

Born

June 1, 1968 - 56 years ago

Economy Sector

Financial Services

Current Tenure

4 years 8 months (Jun 2020 - Present)

Previous Experience

CEO of CenterState Bank

John C. Corbett has been leading SouthState Corporation as CEO since June 2020. His background is rooted in banking, with a Bachelor's degree from Florida State University. Under Corbett's leadership, SouthState has seen impressive financial growth, earning $496 million in...

Year

2023

Total Compensation

$5.31M

Salary

$1.04M

Board Justification

The compensation philosophy emphasizes performance-based pay that aligns with company performance and shareholder interests, focusing on soundness, profitability, and growth.

Bonus

$1.33M

Board Justification

The bonus is based on the Annual Incentive Plan (AIP) which is tied to performance metrics including adjusted pre-tax pre-provision net revenue and non-performing assets to loans ratio.

Other

$51.75K

Board Justification

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

Restricted Stock

$2.89M(41.96K RSU)

Board Justification

The stock awards that vested in 2023 were primarily performance share units (PSUs) based on the achievement of specified performance goals over a three-year period.

Performance Metrics

The performance metrics for determining compensation include adjusted pre-tax pre-provision net revenue and non-performing assets to loans ratio.