In 2023, Drake Mills earned $1.67M in total compensation at Origin Bancorp, including $835.80K salary, $408.16K bonus and $360.50K in stock. Currently holds stock worth $5.56M. Has led Origin Bancorp for over 17 years.
Compensation History
Annual executive compensation data for Drake Mills, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.67M
Salary
$835.80K
Bonus
$408.16K
Other
$60.65K
Salary
$835.80KBoard Justification
The compensation philosophy is designed to attract and retain talented executives while aligning their interests with those of stockholders through performance-based incentives.
Bonus
$408.16KBoard Justification
The bonus is based on the achievement of certain Company performance goals and individual goals, finalized at the Compensation Committee meeting in February 2024.
Other Compensation
$60.65KBoard Justification
Other compensation includes perquisites such as personal use of a company car, 401(k) contributions, life insurance premiums, and country club dues.
Restricted Stock
Board Justification
The stock that vested in 2023 includes RSUs and PSUs, with a total value calculated based on the closing price of the stock at the time of vesting.
Performance Metrics
The performance metrics include normalized pre-tax, pre-provision ROAA, normalized net income, non-performing assets to LHFI, and net charge-offs to average LHFI.
Drake Mills
CEO of Origin Bancorp
Education
B.S. in Finance from Louisiana Tech University
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
March 11, 1961 - 64 years ago
CEO of Origin Bancorp for
17 years 11 months (Jan 2008 - Present)
Previous Experience
Various roles including branch manager, consumer loan officer, commercial lender, and Chief Financial Officer at Origin Bank.
Holdings
Track Drake Mills's stock holdings and portfolio value over time.
Insider Trading
Drake Mills's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
Compare Drake Mills with competitor CEOs and industry peers.
Richard M. Adams, Jr.
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2023 Compensation
Stock
$609.36K
Salary
$1.00M
Bonus
$1.09M
Other
$59.30K
Total Holdings
$378.14K
Kevin S. Kim
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2023 Compensation
Stock
$700.98K
Salary
$1.05M
Bonus
$1.05K
Other
$60.71K
Total Holdings
$1.27M
Christopher J. McComish
CEO of S&T Bancorp
2023 Compensation
Stock
$150.00K
Salary
$350.00K
Bonus
$70.00K
Other
$20.00K
Total Holdings
$200.99K
Mark K. Hardwick
CEO of First Merchants Corporation
2023 Compensation
Stock
$611.04K
Salary
$728.00K
Bonus
$369.81K
Other
$78.87K
Total Holdings
$128.45K