In 2023, Gavin A. Mohr earned $484.02K in total compensation at Independent Bank Corporation, including $302.00K salary, $70.15K bonus and $65.89K in stock. Most recently acquired 2,517 shares in Feb 2024. Currently holds stock worth $554.97K. 5+ years at the helm of Independent Bank Corporation.
Compensation History
Annual executive compensation data for Gavin A. Mohr, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$484.02K
Salary
$302.00K
Bonus
$70.15K
Other
$45.98K
Salary
$302.00KBoard Justification
The compensation program aims to attract and retain talented individuals, motivate and reward executives for achieving business goals, align incentives with strategies and goals, and provide competitive compensation at a reasonable cost.
Bonus
$70.15KBoard Justification
The bonus is based on the achievement of certain Company performance objectives and predetermined individual goals, with a target bonus level of 50% of base salary for the CEO. No bonuses were payable under the 2023 plan unless the Company's earnings per share equaled or exceeded $2.52.
Other Compensation
$45.98KBoard Justification
Includes contributions to the ESOP, matching contributions to qualified defined contribution plans, IRS determined personal use of company owned automobiles, dividends on restricted stock, and country club and other social club dues.
Restricted Stock
Board Justification
The shares of restricted stock granted in 2023 cliff vest after three years. The number of shares reflects the number of shares originally granted.
Performance Metrics
The performance metrics include earnings per share, efficiency ratio, non-performing assets to total assets, deposit balance growth, and deposit account growth.
Gavin A. Mohr
CEO of Independent Bank Corporation
Education
Not specified
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1975 - 50 years ago
CEO of Independent Bank Corporation for
5 years 2 months (Sep 2020 - Present)
Previous Experience
Chief Financial Officer of STAR Financial Bank.
Other Independent Bank Corporation CEOs
Holdings
Track Gavin A. Mohr's stock holdings and portfolio value over time.
Insider Trading
Gavin A. Mohr's recent stock transactions, purchases, and sales filed with the SEC.
2,517 shares
IBCP
Feb 6, 2024
Received
$36.52K
IBCP at $16.60/share
May 3, 2023
Purchase
2,517 shares
IBCP
Feb 6, 2023
Received
$34.69K
IBCP at $21.68/share
Jan 30, 2023
Purchase
$42.60K
IBCP at $21.30/share
Aug 22, 2022
Purchase
2,190 shares
IBCP
Jan 25, 2022
Received
2,865 shares
IBCP
Jan 26, 2021
Received
3,000 shares
IBCP
Sep 14, 2020
Received
Rivals
Compare Gavin A. Mohr with competitor CEOs and industry peers.
Kevin S. Kim
CEO of Hope Bancorp
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
H. Palmer Proctor, Jr.
CEO of Ameris Bancorp
2023 Compensation
Stock
$1.90M
Salary
$925.00K
Bonus
$1.44M
Other
$98.20K
Total Holdings
$1.46M