Flywire Management
Management criteria checks 2/4
Flywire's CEO is Mike Massaro, appointed in Dec 2013, has a tenure of 9.75 years. total yearly compensation is $7.07M, comprised of 6.4% salary and 93.6% bonuses, including company stock and options. directly owns 0.78% of the company’s shares, worth €29.86M. The average tenure of the management team and the board of directors is 5.7 years and 9.2 years respectively.
Key information
Mike Massaro
Chief executive officer
US$7.1m
Total compensation
| CEO salary percentage | 6.4% |
| CEO tenure | 9.8yrs |
| CEO ownership | 0.8% |
| Management average tenure | 5.7yrs |
| Board average tenure | 9.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2023 | n/a | n/a | -US$26m |
| Mar 31 2023 | n/a | n/a | -US$33m |
| Dec 31 2022 | US$7m | US$450k | -US$39m |
| Sep 30 2022 | n/a | n/a | -US$49m |
| Jun 30 2022 | n/a | n/a | -US$35m |
| Mar 31 2022 | n/a | n/a | -US$30m |
| Dec 31 2021 | US$5m | US$450k | -US$28m |
| Sep 30 2021 | n/a | n/a | -US$21m |
| Jun 30 2021 | n/a | n/a | -US$30m |
| Mar 31 2021 | n/a | n/a | -US$23m |
| Dec 31 2020 | US$624k | US$425k | -US$11m |
Compensation vs Market: Mike's total compensation ($USD7.07M) is above average for companies of similar size in the German market ($USD2.43M).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike Massaro (43 yo)
9.8yrs
Tenure
US$7,069,596
Compensation
Mr. Michael Massaro, also known as Mike, serves as Chief Executive Officer and Director of Flywire Corporation since December 2013. He served as Vice President, Sales and Business Development at Flywire Co...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.8yrs | US$7.07m | 0.78% $ 29.9m | |
| President & COO | 3.8yrs | US$3.75m | 0.026% $ 996.5k | |
| Chief Financial Officer | 8.4yrs | US$2.81m | 0.093% $ 3.6m | |
| Chief Technology Officer | 4.3yrs | US$3.63m | 0.42% $ 16.0m | |
| Executive Vice President of Global Education | 7.3yrs | US$2.34m | 0.28% $ 10.7m | |
| CIO, CISO & Head of Internal Audit | less than a year | no data | no data | |
| Vice President of Financial Planning & Analysis and Investor Relations | no data | no data | no data | |
| General Counsel & Chief Compliance Officer | 8.5yrs | no data | 0.034% $ 1.3m | |
| Chief Marketing Officer | no data | no data | no data | |
| Vice President of Business Operations & Corporate Development | no data | no data | no data | |
| Chief People Officer | 2.3yrs | no data | no data | |
| Executive Vice President of Healthcare | 5.7yrs | no data | no data |
5.7yrs
Average Tenure
54yo
Average Age
Experienced Management: 9E2's management team is seasoned and experienced (5.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.8yrs | US$7.07m | 0.78% $ 29.9m | |
| Independent Director | 8.7yrs | no data | 0.090% $ 3.5m | |
| Independent Chairman of the Board | 10.1yrs | US$242.99k | 0.072% $ 2.8m | |
| Independent Director | 2.4yrs | US$228.99k | 0.0040% $ 155.6k | |
| Independent Director | 12.7yrs | no data | 0.19% $ 7.2m | |
| Independent Director | less than a year | no data | no data |
9.2yrs
Average Tenure
56.5yo
Average Age
Experienced Board: 9E2's board of directors are considered experienced (9.2 years average tenure).