Sundar PichaiSundar Pichai earned $164M in 2023
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Bruce Lucas

Founder and Ex-CEO of Heritage Insurance Holdings

Education

Bachelor's degree in Finance from Indiana University.

Field of Expertise

Finance & Banking - Insurance

Economy Sector

Financial Services

Tenure

8 years 3 months (Aug 2012 - Dec 2020)

Previous Experience

Founder and CEO of Heritage Insurance Holdings.

Bruce Lucas is the CEO of Heritage Insurance Holdings, where he has been leading the company since 2015. Born in 1964, he has built extensive experience in the insurance industry. Bruce's leadership is marked by significant achievements, including an impressive...

Year

2020

Total Compensation

$11.68M

Salary

$2.28M

Board Justification

The compensation philosophy is based on pay-for-performance principles, aiming to reward superior financial and operational performance, motivate executives, align interests with stockholders, and attract and retain qualified executives.

Bonus

$2.50M

Board Justification

Minimum annual bonus for 2020 under the terms of the Lucas Employment Agreement.

Other

$5.51M

Board Justification

Includes severance payments, non-renewal payment, non-compete payment, and accrued vacation.

Restricted Stock

$1.39M(150K restricted stock)

Board Justification

150,000 shares of restricted stock that vested in 2020 as part of the Terminated Lucas Agreement.

Performance Metrics

The performance metrics for determining compensation included achieving at least $50 million in EBITDA for 2020.