Align Technology Management

Management criteria checks 2/4

Align Technology's CEO is Joe Hogan, appointed in Jun 2015, has a tenure of 8.83 years. total yearly compensation is $28.95M, comprised of 4.7% salary and 95.3% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth €63.91M. The average tenure of the management team and the board of directors is 7.5 years and 8 years respectively.

Key information

Joe Hogan

Chief executive officer

US$29.0m

Total compensation

CEO salary percentage	4.7%
CEO tenure	8.8yrs
CEO ownership	0.3%
Management average tenure	7.5yrs
Board average tenure	8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Joe Hogan's remuneration changed compared to Align Technology's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$462m
Dec 31 2023	US$29m	US$1m	US$445m
Sep 30 2023	n/a	n/a	US$363m
Jun 30 2023	n/a	n/a	US$314m
Mar 31 2023	n/a	n/a	US$315m
Dec 31 2022	US$19m	US$1m	US$362m
Sep 30 2022	n/a	n/a	US$511m
Jun 30 2022	n/a	n/a	US$619m
Mar 31 2022	n/a	n/a	US$706m
Dec 31 2021	US$22m	US$1m	US$772m
Sep 30 2021	n/a	n/a	US$740m
Jun 30 2021	n/a	n/a	US$698m
Mar 31 2021	n/a	n/a	US$458m
Dec 31 2020	US$16m	US$1m	US$2b
Sep 30 2020	n/a	n/a	US$2b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$18m	US$1m	US$443m
Sep 30 2019	n/a	n/a	US$419m
Jun 30 2019	n/a	n/a	US$417m
Mar 31 2019	n/a	n/a	US$376m
Dec 31 2018	US$42m	US$1m	US$400m
Sep 30 2018	n/a	n/a	US$313m
Jun 30 2018	n/a	n/a	US$295m
Mar 31 2018	n/a	n/a	US$258m
Dec 31 2017	US$12m	US$998k	US$231m

Compensation vs Market: Joe's total compensation ($USD28.95M) is above average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Joe's compensation has increased by more than 20% in the past year.

CEO

Joe Hogan (66 yo)

8.8yrs

Tenure

US$28,952,411

Compensation

Mr. Joseph M. Hogan, also known as Joe, has been Chief Executive Officer and President of Align Technology, Inc. since June 01, 2015. Mr. Hogan serves as Member of Board of Advisors at Vizzia Technologies,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joseph Hogan	President	8.8yrs	US$28.95m	0.29% $ 63.9m
John Morici	CFO & Executive VP of Global Finance	7.4yrs	US$5.56m	0.017% $ 3.7m
Emory Wright	Executive Vice President of Global Operations	16.3yrs	US$4.25m	0.020% $ 4.4m
Julie Coletti	Executive VP and Chief Legal & Regulatory Officer	4.9yrs	US$4.28m	0.0062% $ 1.3m
Stuart Hockridge	Executive Vice President of Global Human Resources	7.9yrs	US$3.41m	0.013% $ 2.8m
Zelko Relic	Executive VP & CTO	6.2yrs	US$3.08m	no data
Shirley Stacy	Vice President of Corporate Communications & Investor Relations	no data	no data	no data
Vamsi Pudipeddi	Executive VP	5.2yrs	US$3.23m	no data
Simon Beard	MD for Americas and EMEA Region & Executive VP	8.5yrs	US$3.36m	no data
Jennifer Olson-Wilk	Executive Vice President of Customer Success	7.7yrs	no data	no data
Sreelakshmi Kolli	Executive VP & Chief Product and Digital Officer	no data	no data	no data
Srini Kaza	Senior Vice President of Product Research & Development	2.6yrs	no data	no data

7.5yrs

Average Tenure

54yo

Average Age

Experienced Management: AFW's management team is seasoned and experienced (7.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joseph Hogan	President	8.8yrs	US$28.95m	0.29% $ 63.9m
Joseph Lacob	Independent Director	26.7yrs	US$364.81k	0.18% $ 38.0m
Susan Siegel	Independent Director	7.1yrs	US$359.81k	0.0090% $ 2.0m
George Morrow	Independent Director	18.2yrs	US$381.81k	0.0058% $ 1.3m
Charles Larkin	Independent Chairman	20.1yrs	US$499.75k	0.027% $ 5.9m
Anne Myong	Independent Director	4.7yrs	US$384.68k	0.0078% $ 1.7m
Kevin Conroy	Independent Director	less than a year	US$146.30k	0.00088% $ 190.9k
Andrea Saia	Independent Director	10.8yrs	US$381.81k	0.018% $ 3.9m
Mojdeh Poul	Independent Director	less than a year	US$146.30k	0.00088% $ 190.9k
Kevin Dallas	Independent Director	6.1yrs	US$368.31k	0.016% $ 3.5m

8.0yrs

Average Tenure

63.5yo

Average Age

Experienced Board: AFW's board of directors are considered experienced (8 years average tenure).

Align Technology Management

Management criteria checks 2/4

Key information

Recent management updates

Align Technology, Inc., Annual General Meeting, May 22, 2024

Independent Director recently sold €7.1m worth of stock

Align Technology, Inc. Announces Board Appointments

President recently bought €933k worth of stock

President recently bought €946k worth of stock

Independent Director recently bought €1.9m worth of stock

Recent updates

Align Technology, Inc. Revises Earnings Guidance for the Fiscal Full Year 2024

First quarter 2024 earnings released: EPS: US$1.40 (vs US$1.14 in 1Q 2023)

Align Technology, Inc. Provides Earnings Guidance for the Second Quarter of 2024

Align Technology, Inc., Annual General Meeting, May 22, 2024

Full year 2023 earnings released: EPS: US$5.82 (vs US$4.62 in FY 2022)

Independent Director recently sold €7.1m worth of stock

U.S. District Court for Northern District of California Grants Summary Judgment in Favor of Align Technology, Inc. in Two Antitrust Class Action Lawsuits

Full year 2023 earnings released: EPS: US$5.82 (vs US$4.62 in FY 2022)

Now 25% overvalued after recent price rise

Align Technology, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024

Investor sentiment improves as stock rises 20%

Align Technology, Inc. Receives US FDA 510(K) Clearance for the Invisalign Palatal Expander System to Address Skeletal and Dental Expansion in Growing Patients, Including Teenage Patients Which Represent the Majority of Orthodontic Case Starts Globally

Health Canada Issues Medical Device License to Align Technology for the Invisalign® Palatal Expander System to Address Skeletal and Dental Expansion

Align Technology, Inc. Announces Board Appointments

President recently bought €933k worth of stock

President recently bought €946k worth of stock

Investor sentiment deteriorates as stock falls 27%

Now 35% undervalued after recent price drop

Align Technology, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of 2023

Third quarter 2023 earnings released: EPS: US$1.59 (vs US$0.93 in 3Q 2022)

Align Technology, Inc. (NasdaqGS:ALGN) entered into a definitive agreement to acquire additional unknown stake in Cubicure GmbH for €79 million.

Superior Court of California, County of Santa Clara, Confirms $63 Million Arbitration Award in Favor of Align Technology and Denies SmileDirectClub’s Motion to Vacate

New minor risk - Share price stability

Align Technology, Inc. Provides Revenue Guidance for the Third Quarter and Full Year of 2023

Second quarter 2023 earnings released: EPS: US$1.46 (vs US$1.44 in 2Q 2022)

Align Technology, Inc.(NasdaqGS:ALGN) dropped from Russell 1000 Value Index

Independent Director recently bought €1.9m worth of stock

First quarter 2023 earnings released: EPS: US$1.14 (vs US$1.71 in 1Q 2022)

President recently bought €932k worth of stock

Align Technology, Inc. Announces Executive Changes in iTero Scanner and Services

Full year 2022 earnings released: EPS: US$4.62 (vs US$9.78 in FY 2021)

Investor sentiment improves as stock rises 38%

Align Technology, Inc. (NasdaqGS:ALGN) announces an Equity Buyback for $1,000 million worth of its shares.

Align Technology, Inc. to Report Q4, 2022 Results on Feb 01, 2023

DentalMonitoring SAS Files Patent Infringement Lawsuit Asserting Three Patents Against Align Technology, Inc

Now 21% undervalued after recent price drop

Insufficient new directors

Now 20% undervalued after recent price drop

President recently bought €2.0m worth of stock

Third quarter 2022 earnings released: EPS: US$0.93 (vs US$2.29 in 3Q 2021)

Align Technology, Inc. Introduces Latest Itero-Exocad Connector™ Software Release That Enables Advanced Visualization for Doctors and Labs, with Seamless Integration of Itero™ Intraoral Camera and Niri Images Within Exocad™ Software

Align Technology, Inc. Introduces Invisalign Virtual Care AI

Second quarter 2022 earnings released: EPS: US$1.44 (vs US$2.53 in 2Q 2021)

Insufficient new directors

Align Technology, Inc. Introduces Invisalign Outcome Simulator Pro

First quarter 2022 earnings released: EPS: US$1.71 (vs US$2.54 in 1Q 2021)

Insufficient new directors

Align Technology, Inc., Annual General Meeting, May 18, 2022

Now 22% undervalued after recent price drop

Align Technology, Inc. Announces Settlement of Outstanding Litigation with 3Shape A/S

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Align Technology, Inc. Announces Invisalign System Innovations for the Align Digital Platform

Investor sentiment deteriorated over the past week

CFO & Senior VP of Global Finance recently sold €1.8m worth of stock

Third quarter 2021 earnings released: EPS US$2.29 (vs US$1.77 in 3Q 2020)

Independent Director recently sold €3.0m worth of stock

Insider recently sold €5.5m worth of stock

Second quarter 2021 earnings released: EPS US$2.53 (vs US$0.52 loss in 2Q 2020)

Align Technology, Inc.(NasdaqGS:ALGN) dropped from Russell Midcap Growth Index

Align Technology Introduces the Limited-Edition Charli D’Amelio x Invisalign® Aligner Case

AligAlign Technology Releases iTero Workflow 2.0 Software and Previews New iTero Element 5D Imaging System Auto-Upload Functionality

CFO & Senior VP of Global Finance recently sold €3.4m worth of stock

Align Technology, Inc. (NasdaqGS:ALGN) announces an Equity Buyback for $1,000 million worth of its shares.

Independent Chairman recently sold €2.5m worth of stock

Invisalign Purchaser Files Class-Action Lawsuit Against Align Technology Inc

First quarter 2021 earnings released: EPS US$2.54 (vs US$19.32 in 1Q 2020)

Align Technology, Inc. Provides Earnings Guidance for 2021

Full year 2020 earnings released: EPS US$22.55 (vs US$5.58 in FY 2019)

Revenue beats expectations