Michael Hobbs compensation by year
Independent Bank Summary Compensation Table · the one fiscal year held| Component | FY2023 |
|---|---|
| Salary | $573,750 |
| Bonus | $0 |
| Stock awards | $683,624 |
| Option awards | $0 |
| Non-equity incentive | $130,000 |
| Pension and deferred compensation | $0 |
| All other | $93,138 |
| Total | $1,480,512 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Independent Bank Group, Inc. DEF 14A filed April 26, 2024, accession 0001564618-24-000071, and prior-year filings.
How this page was built: the Independent Bank Group, Inc. filed document, accession 0001564618-24-000071. Every figure is read from that document and cited to the page and table it appears in. Filed April 26, 2024.
Equity holdings
unvested awards at FY2023 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 11,000 | $559,680 | — |
| RSU | 5,677 | $288,846 | — |
| PSU | 5,677 | $288,846 | — |
| PSU | 3,887 | $197,771 | — |
| RSU | 2,750 | $139,920 | — |
| RSU | 2,592 | $131,881 | — |
| RSU | 2,000 | $101,760 | — |
| PSU | 1,144 | $58,207 | — |
| RSU | 763 | $38,821 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in Independent Bank Group, Inc.'s FY2023 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
3 Form 4 lines since the FY2023 proxy (filed April 26, 2024)current to 2026-11-10 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2025-01-01 | Grant or award | — | 14,834 | — | 63,230 |
| 2025-01-01 | Disposition to the issuer | — | 55,638 | — | 0 |
| 2025-01-01 | Tax withholding | — | 7,592 | $60.67 | 55,638 |
The 3 most recent of 3 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
Independent Bank’s named executive officers, FY2023
as the company reported each| Named executive officer | Role | FY2023 total |
|---|---|---|
| David Brooks | Chairman and Chief Executive Officer | $3,217,738 |
| Michael Hobbs · this page | President and Chief Operating Officer | $1,480,512 |
| Daniel Brooks | Vice Chairman | $1,274,078 |
| John Turpen | Executive Vice President and Chief Risk Officer | $1,039,679 |
| Paul Langdale | Executive Vice President and Chief Financial Officer | $892,246 |
Michael Hobbs's compensation dossier, Independent Bank
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Independent Bank's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.