Heritage Commerce Management
Management criteria checks 2/4
Heritage Commerce's CEO is Clay Jones, appointed in Oct 2019, has a tenure of 4.58 years. total yearly compensation is $1.48M, comprised of 40.9% salary and 59.1% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth €1.75M. The average tenure of the management team and the board of directors is 5.8 years and 5.2 years respectively.
Key information
Clay Jones
Chief executive officer
US$1.5m
Total compensation
CEO salary percentage | 40.9% |
CEO tenure | 4.6yrs |
CEO ownership | 0.4% |
Management average tenure | 5.8yrs |
Board average tenure | 5.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Mar 31 2024 | n/a | n/a | US$56m |
Dec 31 2023 | US$1m | US$607k | US$64m |
Sep 30 2023 | n/a | n/a | US$72m |
Jun 30 2023 | n/a | n/a | US$74m |
Mar 31 2023 | n/a | n/a | US$73m |
Dec 31 2022 | US$1m | US$447k | US$67m |
Sep 30 2022 | n/a | n/a | US$60m |
Jun 30 2022 | n/a | n/a | US$55m |
Mar 31 2022 | n/a | n/a | US$49m |
Dec 31 2021 | US$796k | US$354k | US$48m |
Sep 30 2021 | n/a | n/a | US$45m |
Jun 30 2021 | n/a | n/a | US$43m |
Mar 31 2021 | n/a | n/a | US$45m |
Dec 31 2020 | US$574k | US$322k | US$35m |
Sep 30 2020 | n/a | n/a | US$29m |
Jun 30 2020 | n/a | n/a | US$29m |
Mar 31 2020 | n/a | n/a | US$30m |
Dec 31 2019 | US$499k | US$68k | US$40m |
Compensation vs Market: Clay's total compensation ($USD1.48M) is above average for companies of similar size in the German market ($USD1.02M).
Compensation vs Earnings: Clay's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Clay Jones (51 yo)
4.6yrs
Tenure
US$1,481,891
Compensation
Mr. Robertson Jones, also known as Clay, serves as Chief Executive Officer and President at Heritage Commerce Corp since September 2022 and serves as its Director since September 15, 2022. He serves as Pre...
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
President | 4.6yrs | US$1.48m | 0.37% $ 1.8m | |
Executive VP & CFO | 25.8yrs | US$947.82k | 0.23% $ 1.1m | |
Executive VP | 25.8yrs | US$700.28k | 0.14% $ 665.6k | |
Executive VP & President of Specialty Finance Group | no data | US$668.84k | 0.16% $ 755.7k | |
Executive VP and Chief People & Diversity Officer of Heritage Bank of Commerce | 1.8yrs | US$597.30k | 0.025% $ 118.4k | |
Senior Vice President of Corporate Finance Division | 10.1yrs | no data | no data | |
Executive VP & Chief Information Officer | no data | no data | no data | |
Senior Vice President of Marketing & Communications | less than a year | no data | no data | |
Executive VP & Controller | 7.1yrs | no data | no data | |
Senior VP & Central Coast Regional Manager | no data | no data | no data | |
Executive VP & Chief Credit Officer of Heritage Bank of Commerce | less than a year | no data | 0.013% $ 62.2k | |
Vice President | no data | no data | no data |
5.8yrs
Average Tenure
59.5yo
Average Age
Experienced Management: XHC's management team is seasoned and experienced (5.8 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
President | 1.7yrs | US$1.48m | 0.37% $ 1.8m | |
Independent Director | 2.4yrs | US$112.36k | 0.031% $ 148.2k | |
Independent Director | 8.8yrs | US$118.03k | 0.088% $ 416.2k | |
Independent Director | 5.8yrs | US$103.78k | 0.66% $ 3.1m | |
Independent Director | 4.6yrs | US$103.78k | 0.29% $ 1.4m | |
Independent Director | 4.6yrs | US$113.78k | 0.19% $ 888.3k | |
Independent Vice Chairman | 19.9yrs | US$115.15k | 1.08% $ 5.1m | |
Independent Chairman of the Board | 19.6yrs | US$179.00k | 0.27% $ 1.3m | |
Independent Director | 4.6yrs | US$111.78k | 0.18% $ 879.1k | |
Independent Director | 12.8yrs | US$115.78k | 0.083% $ 395.9k |
5.2yrs
Average Tenure
63.5yo
Average Age
Experienced Board: XHC's board of directors are considered experienced (5.2 years average tenure).