Heritage Commerce Management
Management criteria checks 3/4
Heritage Commerce's CEO is Clay Jones, appointed in Oct 2019, has a tenure of 4.5 years. total yearly compensation is $1.48M, comprised of 40.9% salary and 59.1% bonuses, including company stock and options. directly owns 0.35% of the company’s shares, worth $1.78M. The average tenure of the management team and the board of directors is 5.8 years and 5.1 years respectively.
Key information
Clay Jones
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 40.9% |
| CEO tenure | 4.5yrs |
| CEO ownership | 0.4% |
| Management average tenure | 5.8yrs |
| Board average tenure | 5.1yrs |
Recent management updates
Recent updates
Heritage Commerce (NASDAQ:HTBK) Is Due To Pay A Dividend Of $0.13
Oct 31
Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13
Aug 03Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13
May 02Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13
Feb 01Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13
Nov 01Heritage Commerce: Rapidly Rising Rates To Boost Earnings
Sep 22Heritage Commerce (NASDAQ:HTBK) Is Paying Out A Dividend Of $0.13
Aug 08Heritage Commerce: Strong Margin Growth To Drive Earnings This Year
Jul 09Heritage Commerce (NASDAQ:HTBK) Is Due To Pay A Dividend Of US$0.13
May 08Heritage Commerce: Dividend Yield And Capital Upside Supported By Rising Interest Rates
Apr 25Heritage Commerce (NASDAQ:HTBK) Has Affirmed Its Dividend Of US$0.13
Feb 01Heritage Commerce: Strong Top Line Growth To Lift Earnings
Jan 30Heritage Commerce (NASDAQ:HTBK) Will Pay A Dividend Of US$0.13
Nov 02Heritage Commerce: 4.7% Dividend Yield With Secure Dividends
Aug 20Heritage Commerce's (NASDAQ:HTBK) Dividend Will Be US$0.13
Jul 26If You Like EPS Growth Then Check Out Heritage Commerce (NASDAQ:HTBK) Before It's Too Late
May 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 below average for companies of similar size in the US market ($USD2.37M).
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)
4.5yrs
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 | 4.5yrs | US$1.48m | 0.35% $ 1.8m | |
| Executive VP & CFO | 25.8yrs | US$947.82k | 0.22% $ 1.1m | |
| Executive VP | 25.8yrs | US$700.28k | 0.13% $ 679.8k | |
| Executive VP & President of Specialty Finance Group | no data | US$668.84k | 0.16% $ 807.2k | |
| Executive VP and Chief People & Diversity Officer of Heritage Bank of Commerce | 1.8yrs | US$597.30k | 0.020% $ 99.6k | |
| Senior Vice President of Corporate Finance Division | 10yrs | 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 | 7yrs | 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% $ 66.4k | |
| Vice President | no data | no data | no data |
5.8yrs
Average Tenure
59.5yo
Average Age
Experienced Management: HTBK's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.6yrs | US$1.48m | 0.35% $ 1.8m | |
| Independent Director | 2.3yrs | US$101.15k | 0.031% $ 158.3k | |
| Independent Director | 8.7yrs | US$118.03k | 0.088% $ 444.5k | |
| Independent Director | 5.8yrs | US$103.78k | 0.66% $ 3.4m | |
| Independent Director | 4.5yrs | US$103.78k | 0.29% $ 1.5m | |
| Independent Director | 4.5yrs | US$113.78k | 0.19% $ 948.9k | |
| Independent Vice Chairman | 19.8yrs | US$115.15k | 1.08% $ 5.5m | |
| Independent Chairman of the Board | 19.5yrs | US$179.00k | 0.27% $ 1.4m | |
| Independent Director | 4.5yrs | US$111.78k | 0.18% $ 898.0k | |
| Independent Director | 12.8yrs | US$115.78k | 0.083% $ 422.9k |
5.1yrs
Average Tenure
63.5yo
Average Age
Experienced Board: HTBK's board of directors are considered experienced (5.1 years average tenure).