Heartland Financial USA Management
Management criteria checks 4/4
Heartland Financial USA's CEO is Bruce Lee, appointed in Jan 2015, has a tenure of 9.25 years. total yearly compensation is $2.80M, comprised of 31.7% salary and 68.3% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth $3.05M. The average tenure of the management team and the board of directors is 4.8 years and 5.5 years respectively.
Key information
Bruce Lee
Chief executive officer
US$2.8m
Total compensation
| CEO salary percentage | 31.7% |
| CEO tenure | 9.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 4.8yrs |
| Board average tenure | 5.5yrs |
Recent management updates
Recent updates
Heartland Financial USA: My Heart's Not In It Any More (Rating Downgrade)
Feb 20Heartland Financial: Securities Portfolio Begins To Cause Tangible Damage
Feb 06Heartland Financial USA (NASDAQ:HTLF) Is Paying Out A Larger Dividend Than Last Year
Apr 23
Heartland Financial raises dividend 4% to $0.28
Oct 19Heartland Financial declares $0.27 dividend
Jul 21With EPS Growth And More, Heartland Financial USA (NASDAQ:HTLF) Is Interesting
May 27Is Now The Time To Put Heartland Financial USA (NASDAQ:HTLF) On Your Watchlist?
Feb 02Heartland Financial USA (NASDAQ:HTLF) Is Increasing Its Dividend To US$0.27
Oct 25Heartland Financial USA's (NASDAQ:HTLF) Upcoming Dividend Will Be Larger Than Last Year's
Jul 25It's Probably Less Likely That Heartland Financial USA, Inc.'s (NASDAQ:HTLF) CEO Will See A Huge Pay Rise This Year
May 13I Built A List Of Growing Companies And Heartland Financial USA (NASDAQ:HTLF) Made The Cut
May 05Have Insiders Sold Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Recently?
Mar 18If You Had Bought Heartland Financial USA (NASDAQ:HTLF) Shares Five Years Ago You'd Have Earned 57% Returns
Mar 04Here's What We Like About Heartland Financial USA's (NASDAQ:HTLF) Upcoming Dividend
Feb 06
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$3m | US$888k | US$72m |
| Sep 30 2023 | n/a | n/a | US$203m |
| Jun 30 2023 | n/a | n/a | US$211m |
| Mar 31 2023 | n/a | n/a | US$214m |
| Dec 31 2022 | US$3m | US$850k | US$204m |
| Sep 30 2022 | n/a | n/a | US$193m |
| Jun 30 2022 | n/a | n/a | US$192m |
| Mar 31 2022 | n/a | n/a | US$202m |
| Dec 31 2021 | US$3m | US$825k | US$212m |
| Sep 30 2021 | n/a | n/a | US$202m |
| Jun 30 2021 | n/a | n/a | US$194m |
| Mar 31 2021 | n/a | n/a | US$164m |
| Dec 31 2020 | US$2m | US$731k | US$133m |
| Sep 30 2020 | n/a | n/a | US$134m |
| Jun 30 2020 | n/a | n/a | US$123m |
| Mar 31 2020 | n/a | n/a | US$138m |
| Dec 31 2019 | US$2m | US$719k | US$149m |
| Sep 30 2019 | n/a | n/a | US$143m |
| Jun 30 2019 | n/a | n/a | US$143m |
| Mar 31 2019 | n/a | n/a | US$125m |
| Dec 31 2018 | US$1m | US$576k | US$117m |
| Sep 30 2018 | n/a | n/a | US$98m |
| Jun 30 2018 | n/a | n/a | US$86m |
| Mar 31 2018 | n/a | n/a | US$80m |
| Dec 31 2017 | US$1m | US$485k | US$75m |
Compensation vs Market: Bruce's total compensation ($USD2.80M) is below average for companies of similar size in the US market ($USD5.61M).
Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.
CEO
Bruce Lee (62 yo)
9.3yrs
Tenure
US$2,802,714
Compensation
Mr. Bruce K. Lee has been the President of Heartland Financial USA, Inc. since January 02, 2015 and has been its Director since May 17, 2017. He has been Chief Executive Officer of Heartland Financial USA,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.3yrs | US$2.80m | 0.20% $ 3.0m | |
| Executive VP | 4.3yrs | US$869.16k | 0.0079% $ 119.8k | |
| Executive VP & Chief Commercial Officer | 5.4yrs | US$972.54k | 0.039% $ 584.6k | |
| Executive VP & Chief Banking Officer | no data | US$1.07m | 0.034% $ 513.5k | |
| Executive VP & CFO | less than a year | no data | no data | |
| Executive VP & COO | 2.2yrs | no data | 0.0035% $ 53.0k | |
| Executive VP | 8.3yrs | no data | 0.047% $ 714.7k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior VP & Director of Corporate Communications | no data | no data | no data | |
| Executive VP & Head of Retail | no data | no data | 0.0077% $ 117.6k | |
| Executive VP & Chief HR Officer | 6.3yrs | no data | 0.021% $ 316.6k | |
| Executive VP & Director of Wealth Management | less than a year | no data | 0.0042% $ 63.5k |
4.8yrs
Average Tenure
58yo
Average Age
Experienced Management: HTLF's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.9yrs | US$2.80m | 0.20% $ 3.0m | |
| Independent Chairman | 23.3yrs | US$195.02k | 0.29% $ 4.4m | |
| Independent Vice Chairman of the Board & Independent Lead Director | 22.3yrs | US$161.88k | 0.23% $ 3.4m | |
| Independent Director | 4.4yrs | US$152.00k | 0.035% $ 528.1k | |
| Independent Director | 10.9yrs | US$131.57k | 0.064% $ 977.3k | |
| Independent Director | 6.3yrs | US$154.33k | 0.65% $ 9.9m | |
| Independent Director | less than a year | US$128.42k | no data | |
| Independent Director | 3.3yrs | US$142.00k | 0.015% $ 234.5k | |
| Independent Director | 5.8yrs | US$159.06k | 0.032% $ 487.3k | |
| Independent Director | less than a year | US$133.22k | no data | |
| Independent Director | 5.3yrs | US$152.00k | 0.039% $ 592.2k | |
| Independent Director | 2.9yrs | US$146.99k | 0.0090% $ 136.5k |
5.5yrs
Average Tenure
63yo
Average Age
Experienced Board: HTLF's board of directors are considered experienced (5.5 years average tenure).