David Harlow is the CEO of BancFirst Corporation, a role he has held since May 25, 2017, after joining the company in 1999. With a background in banking, he started as the Executive Vice President and Manager of Commercial Banking...

David Harlow is the CEO of BancFirst Corporation, a role he has held since May 25, 2017, after joining the company in 1999. With a background in banking, he started as the Executive Vice President and Manager of Commercial Banking for BancFirst Oklahoma City, showcasing his extensive experience in the industry. Under his leadership, BancFirst has seen substantial performance metrics, including exceeding budgeted pre-tax income expectations in multiple recent years. In 2021, he received a total compensation of $796,734, which included a base salary of $600,000 and a performance-based bonus. Interestingly, Mr. Harlow has been heavily involved in aligning executive performance with company profits; for instance, he received a bonus of 20% of his salary, reflecting the company's strong earnings and asset management. His commitment to BancFirst is clear from his long tenure and dedication to driving the company forward without heavy reliance on stock options, indicating a focus on sustainable growth over short-term gains.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other BancFirst Corporation CEOs

B

David Harlow

CEO of BancFirst Corporation

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1963 - 62 years ago

CEO of BancFirst Corporation for

7 years 10 months (May 2017 - Present)

Previous Experience

Executive Vice President and Manager of Commercial Banking for BancFirst Oklahoma City

Rivals

Competitors/colleagues of David Harlow

1

Christopher J. Murphy III

CEO of 1st Source Corporation

2022 Compensation

Stock

$0.00

Salary

$810.00K

Bonus

$289.20K

Other

$157.59K

Total Holdings

$269.62M

1

Andrea G. Short

CEO of 1st Source Corporation

2022 Compensation

Stock

$0.00

Salary

$417.35K

Bonus

$393.80K

Other

$119.87K

Total Holdings

$5.10M

U

Richard M. Adams, Jr.

CEO of United Bankshares

2023 Compensation

Stock

$609.36K

Salary

$1.00M

Bonus

$1.09M

Other

$59.30K

Total Holdings

$6.01M

F

Vincent J. Delie, Jr.

CEO of F.N.B. Corporation

2023 Compensation

Stock

$11.00M

Salary

$1.19M

Bonus

$0.00

Other

$649.18K

Total Holdings

$24.80M

F

Van A. Dukeman

CEO of First Busey Corporation

2023 Compensation

Stock

$0.00

Salary

$725.00K

Bonus

$561.88K

Other

$51.10K

Total Holdings

$9.87M

S

Christopher J. McComish

CEO of S&T Bancorp

2023 Compensation

Stock

$150.00K

Salary

$350.00K

Bonus

$70.00K

Other

$20.00K

Total Holdings

$715.40K

Holdings

See how much did David Harlow make over time.

As CEO of BancFirst Corporation, David Harlow's personal financial health is closely tied to the company’s well-being. His compensation fluctuated notably over the years, reaching a high of $1,451,109 in 2020 thanks to stock option vesting and performance bonuses. In...

As CEO of BancFirst Corporation, David Harlow's personal financial health is closely tied to the company’s well-being. His compensation fluctuated notably over the years, reaching a high of $1,451,109 in 2020 thanks to stock option vesting and performance bonuses. In recent years, his salary has been steady, with a base salary of $600,000 in 2021, complemented by annual bonuses based on achieving specific financial targets. For instance, Mr. Harlow's bonus in 2021 matched 20% of his salary, reflecting his successful leadership amid strong pretax income growth. His holdings in the company showcase his vested interest in its performance, reinforcing the idea that as BancFirst thrives, so does his financial situation.

Total Stock Sold

$3.13M

BANF

$3.13M

90,000 BANF shares

What if they kept their stock?

If David Harlow didn't sell their stock, today they would have:
Extra BANF90,000 shares worth $3.26M.
This is 4.22% and $132.03K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of David Harlow.

BANF

$1.14M

BANF at $56.93/share

Dec 18, 2020

Sale

BANF

$242.56K

BANF at $34.65/share

Mar 13, 2020

Purchase

BANF

$1.20M

BANF at $60.00/share

Dec 6, 2019

Sale

BANF

$74.84K

BANF at $67.00/share

Aug 24, 2016

Sale

BANF

$617.46K

BANF at $67.11/share

Aug 23, 2016

Sale

BANF

$256.82K

BANF at $67.00/share

Aug 22, 2016

Sale

BANF

$392.00K

BANF at $67.01/share

Aug 19, 2016

Sale

BANF

$265.21K

BANF at $53.04/share

Aug 19, 2013

Sale

Compensation History

See how much did David Harlow make over time.

David Harlow's compensation as CEO of BancFirst Corporation has shown a consistent growth pattern, with a compensation package that can total over $700,000 annually depending on performance. For 2021, he received a total of $796,734, which included a base salary, a performance-based incentive, and additional benefits. His performance metrics are centered around critical financial indicators like budgeted pre-tax income and asset management results. Each year, his bonuses can reach up to 20% of his salary if the company meets its financial goals. This structure shows a clear incentive for Mr. Harlow to align his efforts with the company’s success, encouraging a results-driven approach to banking. Interestingly, he has not relied on stock options as part of his compensation in recent years, which may imply a focus on consistent operational performance over fluctuating equity gains.

Year

2023

Total Compensation

$889.62K

Salary

$666.50K

Board Justification

The compensation philosophy aims to attract and retain qualified executives, provide incentives for achieving corporate goals, and align management interests with those of shareholders.

Bonus

$166.63K

Board Justification

Mr. Harlow received a total cash incentive bonus for 2023 equal to 20% of his base salary based on performance metrics including budgeted pre-tax income and internal audit results.

Other

$56.50K

Board Justification

This includes contributions to retirement plans and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023 as no stock options or restricted stock units were granted during the year.

Performance Metrics

The performance metrics determining Mr. Harlow's compensation included budgeted pre-tax income, budgeted classified assets, and internal audit ratings.

Other BancFirst Corporation CEOs

Here are other CEOs of BancFirst Corporation

David E. Rainbolt

Ex-CEO of BancFirst Corporation

January 1992 - May 2017