Torry Berntsen has been at the helm of Independent Bank Group, Inc. where he served as President from April 2014 until October 2016. He holds a Bachelor’s degree in Business Administration and has a strong background in finance. Under his...

Torry Berntsen has been at the helm of Independent Bank Group, Inc. where he served as President from April 2014 until October 2016. He holds a Bachelor’s degree in Business Administration and has a strong background in finance. Under his guidance, the bank underwent several important changes, including looking for ways to boost its market position. One of the significant moments in Torry's career was his resignation in 2016, which came during a transition phase for the bank, leading to new leadership dynamics. During his time, he oversaw substantial developments in the bank's operations and strategic planning. His tenure was marked by an influential role in shaping relationships with institutional investors, focusing on capital markets. Torry was well-compensated for his efforts, earning over $1.6 million in total compensation for 2016 and showing how he was valued by the company. His skills in managing complex operations were crucial during a pivotal time for the bank, making him an essential player in its growth story.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Torry Berntsen

Ex-CEO of Independent Bank Group

Education

Bachelor's degree in Business Administration

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1971 - 54 years ago

CEO of Independent Bank Group for

2 years 5 months (Apr 2014 - Oct 2016)

Previous Experience

Executive roles in banking

Rivals

Competitors/colleagues of Torry Berntsen

Holdings

See how much did Torry Berntsen make over time.

Torry Berntsen's stock holdings in Independent Bank Group underscore his commitment to the company. As of 2015, he held about 22,475 shares of restricted stock valued at approximately $719,200. This shows his significant investement in the company which peaked after...

Torry Berntsen's stock holdings in Independent Bank Group underscore his commitment to the company. As of 2015, he held about 22,475 shares of restricted stock valued at approximately $719,200. This shows his significant investement in the company which peaked after several years of growth. His wealth fluctuated but he managed to maintain a solid stake until his departure in 2016. His involvement in the company was quite substantial, with stock awards that marked his influence during his tenure, emphasizing his role in the bank's performance and stock price. In 2014, he was awarded vested stock worth over $1 million, reflecting the company's support for his leadership.

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Total Stock Sold

$291.00K

IBTX

$291.00K

5,000 IBTX shares

What if they kept their stock?

If Torry Berntsen didn't sell their stock, today they would have:
Extra IBTX5,000 shares worth $196.30K.
This is -32.54% and $94.70K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Torry Berntsen.

IBTX

$287.75K

IBTX at $57.55/share

Nov 22, 2016

Sale

IBTX

$3.97K

IBTX at $39.73/share

Jun 24, 2016

Purchase

IBTX

$8.14K

IBTX at $40.69/share

Jun 10, 2016

Purchase

IBTX

$2.78K

IBTX at $27.79/share

Mar 29, 2016

Purchase

IBTX

$3.88K

IBTX at $25.86/share

Feb 24, 2016

Purchase

IBTX

$6.89K

IBTX at $27.57/share

Feb 12, 2016

Purchase

IBTX

$6.83K

IBTX at $27.33/share

Feb 8, 2016

Purchase

IBTX

$7.15K

IBTX at $28.59/share

Jan 29, 2016

Purchase

IBTX

6,653 shares

IBTX

Jan 29, 2016

Received

IBTX

$2.44K

IBTX at $34.82/share

Dec 9, 2015

Purchase

Compensation History

See how much did Torry Berntsen make over time.

In 2016, Torry Berntsen's total compensation was impressive at $1,678,393. It included a salary of $650,000, a cash bonus of $670,000, and vested stock valued at $307,505. This package shows how the bank valued his contribution during a critical period. His bonuses were tied to the bank's performance, indicating a direct link between his leadership and the bank's success. The structure of his compensation was designed to reflect his key role in driving growth and stability at Independent Bank Group. Furthermore, his nearly $1.7 million in 2016 highlights the financial stakes involved in leadership roles at banks, especially during times of change and opportunity.

Year

2016

Total Compensation

$1.68M

Salary

$650.00K

Board Justification

The compensation paid reflects the Compensation Committee’s view of Mr. Brooks’ continuing contribution to the success of the Company’s operations, including growth in assets, deposits, and net income.

Bonus

$670.00K

Board Justification

Cash bonuses earned for the year 2016, paid in the following fiscal year.

Other

$50.89K

Board Justification

Includes 401(k) contributions, health and welfare benefits, restricted stock related payments, insurance premiums and certain perquisites and other benefits.

Restricted Stock

$307.51K(307.51K common stock)

Board Justification

Restricted stock awards that vested in 2016, based on the market value of the Company’s common stock on the date of the grant.

Performance Metrics

Performance measures included the overall financial soundness of the Company, organic loan growth, profitability, and the executive’s role in achieving target increases.