In 2014, Michael L. Kubacki earned $1.23M in total compensation at Lakeland Financial, including $500.00K salary, $200.00K bonus and $507.23K in stock. Most recently sold 26,600 shares in Jan 2024. Currently holds stock worth $2.38M. Has donated $1.50M in stock to charitable causes. Led Lakeland Financial as CEO for 14 years.
Compensation History
Annual executive compensation data for Michael L. Kubacki, including salary, bonuses, and stock awards.
Year
2014
Total Compensation
$1.23M
Salary
$500.00K
Bonus
$200.00K
Other
$22.45K
Salary
$500.00KBoard Justification
The compensation philosophy aligns executive compensation with long-term strategic goals and performance metrics to ensure retention and motivation of key executives.
Bonus
$200.00KBoard Justification
Target annual bonus of 40% of annual base salary based on company performance metrics.
Other Compensation
$22.45KBoard Justification
Includes 401(k) match, country club memberships, and cell phone stipends.
Restricted Stock
Board Justification
Performance-based restricted stock units that vested in 2014 under the LTI Plan for the 2014-2016 performance period.
Performance Metrics
Performance metrics include return on beginning equity, return on average assets, revenue growth, and diluted earnings per share growth.
Michael L. Kubacki
Ex-CEO of Lakeland Financial
Education
Bachelor's degree in Business Administration
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
May 15, 1948 - 77 years ago
CEO of Lakeland Financial for
14 years 3 months (Jan 2000 - Apr 2014)
Previous Experience
Various executive roles in banking
Other Lakeland Financial CEOs
Holdings
Track Michael L. Kubacki's stock holdings and portfolio value over time.
Total Stock Sold
$19.73M
$19.73M
364,624.5 LKFN shares
What if they kept their stock?
If Michael L. Kubacki didn't sell their stock, today they would have:
Extra LKFN364,624.5 shares worth $21.25M.
This is 7.71% and $1.52M more than what they got when they sold the stock.
Charitable Transactions
25,686 shares
LKFN
Recent Charitable Transactions
11,800 shares
LKFN
Dec 31, 2022
Charity
11,741 shares
LKFN
Dec 31, 2018
Charity
2,145 shares
LKFN
Dec 31, 2016
Charity
Insider Trading
Michael L. Kubacki's recent stock transactions, purchases, and sales filed with the SEC.
$1.90M
LKFN at $71.51/share
Jan 30, 2024
Sale
650 shares
LKFN
Jan 9, 2024
Received
650 shares
LKFN
Jul 11, 2023
Received
650 shares
LKFN
Jan 10, 2023
Received
$3.93M
LKFN at $82.79/share
Oct 28, 2022
Sale
11,800 shares
LKFN
Dec 31, 2022
Charity
650 shares
LKFN
Jul 12, 2022
Received
$1.95M
LKFN at $81.35/share
Feb 16, 2022
Sale
$2.87M
LKFN at $78.56/share
Jan 28, 2022
Sale
650 shares
LKFN
Jan 11, 2022
Received
Rivals
Compare Michael L. Kubacki with competitor CEOs and industry peers.
Richard M. Adams, Jr.
CEO of United Bankshares
2023 Compensation
Stock
$609.36K
Salary
$1.00M
Bonus
$1.09M
Other
$59.30K
Total Holdings
$378.14K
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