Heritage CEO compensation declines to $850,000 as bonus rises to 120% of base salary
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Heritage CEO compensation declines to $850,000 as bonus rises to 120% of base salary

Jairo Ibarra
January 11, 2024
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Heritage CEO Ernie Garateix’s compensation decreased 15% to $850,000 from $1mn for 2024, while his target annual cash incentive rose to 120% of his base salary with a threshold opportunity of 70% and a maximum of 190%.

In addition, the executive’s time-based equity award increased to 75% and his target annual performance-based equity award increased to 120% of base salary.

Meanwhile,

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Jairo Ibarra
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