Peter Lane
Goosehead InsuranceAbout Peter Lane
Peter Lane (age 60) is Goosehead Insurance’s Lead Independent Director, serving on the Board since 2018. He is an experienced operator and advisor with prior CEO, private equity operating partner, and strategy consulting roles. Lane holds a BS in Physics from the University of Birmingham (UK) and an MBA from The Wharton School . He was designated Lead Independent Director by the independent directors, with responsibilities including presiding over executive sessions, calling meetings of independent directors, and participating in agenda formulation .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Axip Energy Services LP (formerly Valerus) | Chief Executive Officer | 2010–2016 | Led oilfield services company operations and strategy |
| TPG Global, LLC | Operating Partner | 2009–2011 | Operating partner supporting portfolio execution |
| Bain & Company | Partner; Leader, Dallas & Mexico City offices; Oil & Gas practice | 12 years; Partner since 2003 | Led regional offices and industry practice; senior strategy credentials |
External Roles
| Organization | Role | Tenure | Status |
|---|---|---|---|
| Taylor Morrison Homes | Director | Since 2012 | Public company directorship |
| The Bayou Companies | Executive Chairman | Since 2018 | Private/industrial; executive chair capacity |
| Altamont Capital Partners | Senior Advisor | Since 2017 | PE advisory role |
Board Governance
- Independence: The Board determined Lane is independent under Nasdaq and SEC rules .
- Lead Independent Director: Responsibilities include executive session leadership, convening independent director meetings, agenda input, and shareholder availability .
- Committee assignments and chair roles:
- Audit Committee: Member; designated “audit committee financial expert”
- Compensation Committee: Chair
- Nominating & Governance Committee: Member
| Governance Item | 2024 Detail |
|---|---|
| Board meetings | 6 meetings |
| Audit Committee meetings | 4 meetings |
| Compensation Committee meetings | 3 meetings |
| Nominating & Governance Committee meetings | 1 meeting |
| Attendance | Each director ≥75%; six of seven directors attended 100% (individual attendance not itemized) |
Fixed Compensation
| Component | 2024 Amount |
|---|---|
| Option Awards ($) | $276,700 |
| Total ($) | $276,700 |
- Structure: Non-employee directors are compensated exclusively with stock options under the Omnibus Incentive Plan; options vest in 12 equal quarterly installments over three years; directors may be reimbursed for reasonable expenses .
Performance Compensation
- Mechanics: Director equity grants are time-vested stock options; vest quarterly over three years; grant determinations align compensation with long-term shareholder value creation .
| Outstanding Options by Grant Year (as of 12/31/2024) | 2018 | 2021 | 2022 | 2023 | 2024 | Total |
|---|---|---|---|---|---|---|
| Peter Lane – Options (#) | 71,622 | 19,000 | 10,000 | 15,000 | 10,000 | 125,622 |
Other Directorships & Interlocks
| Company | Role | Potential Interlocks/Conflicts |
|---|---|---|
| Taylor Morrison Homes | Director | No GSHD-related transactions disclosed; unrelated industry; monitor informational advantages (home insurance adjacency) |
| The Bayou Companies | Executive Chairman | No related-party transactions with GSHD disclosed |
| Altamont Capital Partners | Senior Advisor | No compensation committee “interlocks” or insider participation involving GSHD executives reported |
Expertise & Qualifications
- Financial expertise: Designated audit committee financial expert .
- Operating credentials: Former CEO (Axip/Valerus), operating partner (TPG), senior Bain partner leading offices and Oil & Gas practice .
- Education: BS Physics, University of Birmingham; MBA, Wharton .
- Governance leadership: Lead Independent Director with defined responsibilities .
Equity Ownership
| Metric | Value |
|---|---|
| Beneficial ownership – Class A shares | 113,124 (0.45%) |
| Shares pledged/hedged | Hedging and pledging prohibited by Trading Policy (no pledges disclosed) |
| Director stock ownership guidelines | Must own $105,000 of Class A within 5 years from 12/12/2024; retain 50% of net shares upon exercises until compliant |
| Section 16 compliance | All directors/officers complied in 2024 except one late Form 4 by Mark E. Jones and one by Waded Cruzado; no Lane issues noted |
Governance Assessment
-
Strengths
- Independence and leadership: Lane serves as Lead Independent Director and chairs the Compensation Committee, reinforcing independent oversight and executive-session governance .
- Financial oversight: Audit Committee membership and “financial expert” designation bolster credibility on reporting, controls, and cybersecurity oversight .
- Pay-for-performance alignment: Director compensation is exclusively equity options with multi-year vesting; stock ownership guidelines further strengthen alignment .
- Shareholder engagement: As Compensation Chair, Lane led response to a 61.24% say-on-pay approval in 2024, instituting enhanced disclosure, higher at-risk pay, independent consultant retention, and formal outreach .
-
Watch items / potential risks
- Concentrated insider control: Pre-IPO LLC Members retain significant voting rights and governance prerogatives, potentially limiting independent influence; continued vigilance from lead independent director and committees is warranted .
- Attendance transparency: Aggregate disclosure is robust, but individual director attendance rates are not itemized; monitor for continued engagement metrics .
-
Related-party/Interlocks
- No related-party transactions disclosed involving Lane; Compensation Committee interlocks explicitly reported as none in the prior fiscal year .
Overall, Lane’s governance profile reflects strong independence, financial acumen, and active compensation oversight, with equity-heavy director pay and ownership guidelines supporting alignment; the principal structural governance risk is the legacy control rights of Pre-IPO LLC Members, which elevates the importance of the Lead Independent Director role he holds .