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Heritage Insurance Holdings Executive Compensation (FY25)

HRTG · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): June 11, 2026
139 figures on this page: 132 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
Disclosures span fiscal 2023 through fiscal 2025. Separately, the company reported 3 named executive officers for fiscal 2025, and total compensation for Ernie Garateix, Chief Executive Officer, came to $5,341,897 in fiscal 2025. Compared with the $4,334,512 reported for fiscal 2024, Garateix's total was 23.2% higher. The say-on-pay proposal drew 93.9% of votes cast for or against in favor at the meeting held June 10, 2026 for fiscal 2025.
Chief executive, fiscal 2025
◇
Ernie Garateix
Latest say-on-pay support
=
June 10, 2026
This company is not required to report a chief executive pay ratio.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Ernie Garateix: $4,334,512 → $5,341,897 (23.2% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Heritage Insurance Holdings' chief executive and what were they paid?
Total compensation for Ernie Garateix, Chief Executive Officer, came to $5,341,897 in fiscal 2025. Compared with the $4,334,512 reported for fiscal 2024, Garateix's total was 23.2% higher.
What was Heritage Insurance Holdings' say-on-pay result?
The say-on-pay proposal drew 93.9% of votes cast for or against in favor at the meeting held June 10, 2026 for fiscal 2025.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ernie Garateix
Chief Executive Officer
◇—◇—◇—◇◇
Kirk Lusk
Chief Financial Officer
◇—◇—◇—◇◇
Tim Moura
President, Narragansett Bay Insurance Company
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ernie Garateix
Chief Executive Officer
◇—◇—◇—◇◇
Kirk Lusk
Chief Financial Officer
◇—◇—◇—◇◇
Tim Moura
President, NBIC
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ernie Garateix
Chief Executive Officer
◇—◇—◇—◇◇
Kirk Lusk
Chief Financial Officer
◇—◇—◇—◇◇
Tim Moura
President, Narragansett Bay Insurance Company
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Ernie GarateixOTHER——————◇
Kirk LuskOTHER——————◇
Tim MouraOTHER——————◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Ernie GarateixPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Kirk LuskRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Tim MouraPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard Widdicombe
Board chair
◇◇———◇◇
Irini Barlas
◇◇————◇
Paul L. Whiting
◇◇————◇
Joseph Vattamattam
◇◇————◇
Pete Apostolou
◇◇————◇
Mark Berset
◇◇————◇
Nicholas Pappas
◇—————◇
Vijay Walvekar
◇—————◇
Ernie Garateix served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 10, 2026=◇◇◇
2024June 10, 2025=◇◇◇
2023June 5, 2024=◇◇◇
2022June 7, 2023=◇◇◇
2021June 23, 2022=◇◇◇
2020May 25, 2021=◇◇◇
2019June 22, 2020=◇◇◇
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What this page does not include

Everything above is a fact Heritage Insurance Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
139 figures on this page: 132 cited to the filing that reported them, 7 calculated from figures it prints.
132 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001193125-26-267535
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-197339
    DIRECTOR COMPENSATION · Director Compensation · EXECUTIVE COMPENSATION · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 0001193125-25-139195
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-096953
    Summary Compensation Table
  5. 0001628280-24-027257
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-113913
    Summary Compensation Table
  7. 0001193125-23-164109
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-22-183953
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001193125-21-178776
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-20-180344
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Heritage Insurance Holdings executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/HRTG (accessed 2026).
Short form: data: Velarion
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy