C. Malcolm Holland, III is the founder and CEO of Veritex Holdings, Inc. With a finance background, he has been leading the company since 2009, dating back to its beginnings. His journey in banking started in 1982, working his way...

C. Malcolm Holland, III is the founder and CEO of Veritex Holdings, Inc. With a finance background, he has been leading the company since 2009, dating back to its beginnings. His journey in banking started in 1982, working his way up through various roles. He has a business degree from Texas A&M University and an MBA from the University of Texas at Austin. Under his leadership, Veritex has steadily grown, navigating challenges in the finance world. Aside from banking, he's had a notable role in the Texas Golf Association and served on the Executive Committee of the U.S. Golf Association. His involvement in community events and leadership roles showcases his commitment beyond just business. In 2022, his total compensation was about $1.86 million, highlighting that his performance is tied to the company’s success. Yet in 2023, it decreased significantly to about $1.15 million, indicating a shift toward a more performance-based pay structure.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

V

C. Malcolm Holland, III

Founder and CEO of Veritex Holdings

Education

Bachelor's degree in Business Administration from Southern Methodist University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

March 15, 1958 - 67 years ago

CEO of Veritex Holdings for

15 years 5 months (Jan 2010 - Present)

Previous Experience

Founder and CEO of Veritex Holdings, Inc.

Rivals

Competitors/colleagues of C. Malcolm Holland, III

S

John C. Corbett

CEO of SouthState

2023 Compensation

Stock

$2.89M

Salary

$1.04M

Bonus

$1.33M

Other

$51.75K

Total Holdings

$10.92M

C

Chang M. Liu

CEO of Cathay General Bancorp

2023 Compensation

Stock

$5.13M

Salary

$920.00K

Bonus

$784.60K

Other

$16.50K

Total Holdings

$137.68K

E

Dominic Ng

CEO of East-West Bancorp

2023 Compensation

Stock

$4.75M

Salary

$1.28M

Bonus

$2.22M

Other

$119.74K

Total Holdings

$85.15M

F

Mark K. Hardwick

CEO of First Merchants Corporation

2023 Compensation

Stock

$611.04K

Salary

$728.00K

Bonus

$369.81K

Other

$78.87K

Total Holdings

$128.69K

A

H. Palmer Proctor, Jr.

CEO of Ameris Bancorp

2023 Compensation

Stock

$1.90M

Salary

$925.00K

Bonus

$1.44M

Other

$98.20K

Total Holdings

$28.94M

P

George M. Pereira

CEO of Pacific Premier Bancorp

2022 Compensation

Stock

$2.05M

Salary

$950.00K

Bonus

$522.50K

Other

$0.00

Total Holdings

$185.07K

Holdings

See how much did C. Malcolm Holland, III make over time.

As CEO, C. Malcolm Holland, III holds significant shares in Veritex Holdings (VBTX). His stock holdings reflect a strong alignment with the company's performance. At one point, the value of his holdings was substantial, driven by growth in the bank....

As CEO, C. Malcolm Holland, III holds significant shares in Veritex Holdings (VBTX). His stock holdings reflect a strong alignment with the company's performance. At one point, the value of his holdings was substantial, driven by growth in the bank. However, fluctuations in stock prices have impacted his net worth. While exact figures vary, his wealth has seen both peaks and valleys tied to Veritex’s market performance and broader economic conditions. The changes in his holdings not only demonstrate his investment in the company but also illustrate the risks and rewards that come with leading a financial institution. Overall, his holdings show a strong commitment to Veritex’s future success, linking his financial health directly to the bank's performance.

Total Stock Sold

$2.09M

VBTX

$2.09M

65,673 VBTX shares

What if they kept their stock?

If C. Malcolm Holland, III didn't sell their stock, today they would have:
Extra VBTX65,673 shares worth $1.26M.
This is -39.69% and $829.95K less than what they got when they sold the stock.

Charitable Transactions

VBTX

3,127 shares

VBTX

Recent Charitable Transactions

VBTX

3,127 shares

VBTX

Dec 10, 2021

Charity

Insider Trading

See recent insider trades of C. Malcolm Holland, III.

VBTX

$353.71K

VBTX at $27.68/share

Oct 28, 2024

Sale

VBTX

$193.76K

VBTX at $35.05/share

Jun 2, 2022

Sale

VBTX

$25.27K

VBTX at $35.00/share

May 4, 2022

Sale

VBTX

$249.40K

VBTX at $39.90/share

Feb 1, 2022

Sale

VBTX

3,127 shares

VBTX

Dec 10, 2021

Charity

VBTX

$258.40K

VBTX at $41.34/share

Nov 1, 2021

Sale

VBTX

$189.03K

VBTX at $35.01/share

Aug 11, 2021

Sale

VBTX

$29.79K

VBTX at $35.00/share

Aug 6, 2021

Sale

VBTX

$81.61K

VBTX at $28.18/share

Feb 5, 2021

Sale

VBTX

$62.50K

VBTX at $25.00/share

Dec 16, 2020

Sale

Compensation History

See how much did C. Malcolm Holland, III make over time.

C. Malcolm Holland, III's compensation as CEO of Veritex Holdings has varied significantly over the years. In 2023, he earned about $1.15 million, a notable drop from $1.86 million in 2022. This change indicates a shift to a performance-based pay structure. His pay includes a base salary, bonuses linked to company performance, and other benefits like club memberships and personal use of corporate resources. The metrics used to determine bonuses include key financial indicators, such as earnings per share and credit quality metrics. This approach aligns his compensation with the bank's success and shareholder interests, suggesting that his pay reflects both the ups and downs of the company's performance.

Year

2023

Total Compensation

$1.45M

Salary

$800.00K

Board Justification

The compensation philosophy aims to attract and retain a talented management team while aligning executive compensation with company performance and shareholder interests.

Bonus

$320.00K

Board Justification

The annual incentive payout for 2023 was based on a balanced scorecard of financial metrics, resulting in a payout equal to 40% of target.

Other

$332.37K

Board Justification

Other compensation includes reimbursement for country club membership dues, life insurance premiums, and personal use of the corporate airplane.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the focus was on performance-based equity and RSUs, which are subject to future vesting periods.

Performance Metrics

The performance metrics for determining compensation included earnings per share, tangible book value growth, and credit quality metrics.