Silvergate Capital Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Alan Lane

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	14.7yrs
CEO ownership	0.8%
Management average tenure	3.3yrs
Board average tenure	10.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Alan Lane's remuneration changed compared to Silvergate Capital's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2022	n/a	n/a	-US$949m
Sep 30 2022	n/a	n/a	US$120m
Jun 30 2022	n/a	n/a	US$102m
Mar 31 2022	n/a	n/a	US$88m
Dec 31 2021	US$2m	US$520k	US$76m
Sep 30 2021	n/a	n/a	US$66m
Jun 30 2021	n/a	n/a	US$50m
Mar 31 2021	n/a	n/a	US$34m
Dec 31 2020	US$952k	US$492k	US$26m
Sep 30 2020	n/a	n/a	US$21m
Jun 30 2020	n/a	n/a	US$20m
Mar 31 2020	n/a	n/a	US$20m
Dec 31 2019	US$1m	US$450k	US$25m
Sep 30 2019	n/a	n/a	US$29m
Jun 30 2019	n/a	n/a	US$29m
Mar 31 2019	n/a	n/a	US$28m
Dec 31 2018	US$717k	US$412k	US$22m
Sep 30 2018	n/a	n/a	US$16m
Jun 30 2018	n/a	n/a	US$12m
Mar 31 2018	n/a	n/a	US$10m
Dec 31 2017	US$592k	US$387k	US$8m
Dec 31 2016	US$538k	US$337k	US$7m

Compensation vs Market: Insufficient data to establish whether Alan's total compensation is reasonable compared to companies of similar size in the MX market.

Compensation vs Earnings: Alan's compensation has increased whilst the company is unprofitable.

CEO

Alan Lane (61 yo)

14.7yrs

Tenure

US$1,884,426

Compensation

Mr. Alan J. Lane serves as Chief Executive Officer & Director of Silvergate Bank and served as its President. He serves as Director and Chief Executive Officer of Silvergate Capital Corporation and served...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alan Lane	CEO & Director	no data	US$1.88m	0.78% $ 1.6m
Kathleen Fraher	Executive VP & Chief Risk Officer	1.6yrs	US$848.02k	0.036% $ 72.3k
Antonio Martino	Chief Financial Officer	3.9yrs	no data	0.020% $ 40.2k
Hunter Stenback	Head of Investor Relations	no data	no data	no data
John Bonino	Chief Legal Officer	5.6yrs	no data	0.13% $ 271.5k
Son-Jai Paik	Chief Human Resources Officer	3.3yrs	no data	0.020% $ 41.0k
Elaine Batlis	Executive VP & Manager of Warehouse Lending Division	no data	no data	no data
Alaric Eby	Chief Product Development Officer	1.1yrs	no data	no data
Judith Knowles	Secretary	no data	no data	no data

3.3yrs

Average Tenure

58yo

Average Age

Experienced Management: SI *'s management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Alan Lane	CEO & Director	14.7yrs	US$1.88m	0.78% $ 1.6m
Thomas Dircks	Independent Director	10.6yrs	US$140.45k	0.19% $ 388.1k
Scott Reed	Independent Director	8.6yrs	US$131.86k	0.075% $ 151.7k
Karen Brassfield	Independent Director	10.6yrs	US$152.96k	0.047% $ 95.3k
Paul Colucci	Independent Director	10.6yrs	US$133.15k	0.20% $ 403.1k
Michael Lempres	Independent Chairman	3.8yrs	US$157.92k	0.019% $ 38.7k
Aanchal Gupta	Independent Director	2.2yrs	US$102.68k	0.0053% $ 10.7k

10.6yrs

Average Tenure

61yo

Average Age

Experienced Board: SI *'s board of directors are seasoned and experienced ( 10.6 years average tenure).

Silvergate Capital Management

Management criteria checks 2/4

Key information

Recent management updates

Silvergate Capital Corporation Announces Board Changes

Insufficient new directors

Insufficient new directors

Rebecca Rettig to Resign from the Boards of Directors of Silvergate Capital Corporation and Silvergate Bank

Silvergate Capital Corporation and Silvergate Bank Announce Executive Appointments

Silvergate Capital Corporation and Silvergate Bank Appoint Mary-Margaret Henke to Their Board of Directors

Recent updates

Silvergate Capital Corporation Announces Board Changes

Silvergate Capital Corporation Does Not Intend to Appeal the NYSE's Determination, and Expects its Securities to be Delisted from the NYSE

Silvergate Capital Corporation announced delayed 10-Q filing

Insufficient new directors

Insufficient new directors

Rebecca Rettig to Resign from the Boards of Directors of Silvergate Capital Corporation and Silvergate Bank

Rosen Law Firm Announces the Filing of A New Class Action Lawsuit on Behalf of Purchasers of the Securities of Silvergate Capital Corporation

Investor sentiment deteriorated over the past week

Silvergate Capital Corporation to Report Q4, 2022 Results on Jan 17, 2023

Silvergate Capital Corporation to Report Q4, 2022 Results on Jan 05, 2023

Glancy Prongay & Murray LLP Files Securities Lawsuit Against Silvergate Capital Corporation

Investor sentiment deteriorated over the past week

Silvergate Capital Corporation and Silvergate Bank Announce Executive Appointments

Now 37% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Silvergate Capital Corporation to Report Q3, 2022 Results on Oct 18, 2022

Silvergate Capital Corporation and Silvergate Bank Appoint Mary-Margaret Henke to Their Board of Directors

Silvergate Capital Corporation Announces Addition of Alaric Eby as Chief Product Development Officer

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: US$1.14 (vs US$0.81 in 2Q 2021)

Silvergate Capital Corporation to Report Q2, 2022 Results on Jul 19, 2022

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: US$0.79 (vs US$0.56 in 1Q 2021)

Investor sentiment deteriorated over the past week

Executive VP & COO recently sold Mex$4.0m worth of stock

Silvergate Capital Corporation, Annual General Meeting, Jun 10, 2022

Silvergate Capital Corporation to Report Q1, 2022 Results on Apr 19, 2022

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorated over the past week

Independent Director recently sold Mex$6.9m worth of stock

Investor sentiment improved over the past week

Independent Chairman recently bought Mex$1.2m worth of stock

Silvergate Capital Corporation (NYSE:SI) acquired Blockchain-Based Payment Network Assets from Diem Association for approximately $170 million.

Silvergate Capital Corporation (NYSE:SI) acquired assets related to the running of the Diem Payment Network from Diem Association.

Investor sentiment deteriorated over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Independent Director recently sold Mex$18m worth of stock

Investor sentiment improved over the past week

Independent Director recently sold Mex$76m worth of stock

Third quarter 2021 earnings released: EPS US$0.89 (vs US$0.38 in 3Q 2020)

Investor sentiment improved over the past week

Insider recently sold Mex$22m worth of stock

Executive VP & COO recently sold Mex$5.1m worth of stock

Investor sentiment improved over the past week

Insider recently sold Mex$94m worth of stock

Second quarter 2021 earnings released: EPS US$0.81 (vs US$0.29 in 2Q 2020)

Investor sentiment improved over the past week

Silvergate Capital Corporation(NYSE:SI) dropped from Russell Microcap Value Index

Independent Director recently sold Mex$23m worth of stock

Investor sentiment improved over the past week

Independent Director recently sold Mex$18m worth of stock

Silvergate Capital Corporation has completed a Follow-on Equity Offering in the amount of $300 million.

First quarter 2021 earnings released: EPS US$0.56 (vs US$0.23 in 1Q 2020)

Investor sentiment deteriorated over the past week

First quarter 2021 earnings released: EPS US$0.56 (vs US$0.23 in 1Q 2020)

Chairman of the Board recently sold Mex$72m worth of stock

Full year 2020 earnings released: EPS US$1.39 (vs US$1.38 in FY 2019)

Revenue beats expectations

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members