BILL Holdings Management

Management criteria checks 2/4

BILL Holdings' CEO is Rene Lacerte, appointed in Apr 2006, has a tenure of 18.08 years. total yearly compensation is $17.72M, comprised of 3.1% salary and 96.9% bonuses, including company stock and options. directly owns 2.49% of the company’s shares, worth €136.89M. The average tenure of the management team and the board of directors is 2.3 years and 4.3 years respectively.

Key information

Rene Lacerte

Chief executive officer

US$17.7m

Total compensation

CEO salary percentage	3.1%
CEO tenure	18.1yrs
CEO ownership	2.5%
Management average tenure	2.3yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rene Lacerte's remuneration changed compared to BILL Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$52m
Dec 31 2023	n/a	n/a	-US$115m
Sep 30 2023	n/a	n/a	-US$170m
Jun 30 2023	US$18m	US$550k	-US$224m
Mar 31 2023	n/a	n/a	-US$293m
Dec 31 2022	n/a	n/a	-US$348m
Sep 30 2022	n/a	n/a	-US$334m
Jun 30 2022	US$14m	US$500k	-US$326m
Mar 31 2022	n/a	n/a	-US$283m
Dec 31 2021	n/a	n/a	-US$223m
Sep 30 2021	n/a	n/a	-US$160m
Jun 30 2021	US$1m	US$445k	-US$99m
Mar 31 2021	n/a	n/a	-US$66m
Dec 31 2020	n/a	n/a	-US$48m
Sep 30 2020	n/a	n/a	-US$38m
Jun 30 2020	US$17m	US$402k	-US$31m
Mar 31 2020	n/a	n/a	-US$26m
Dec 31 2019	n/a	n/a	-US$20m
Sep 30 2019	n/a	n/a	-US$12m
Jun 30 2019	US$5m	US$350k	-US$7m

Compensation vs Market: Rene's total compensation ($USD17.72M) is above average for companies of similar size in the German market ($USD3.00M).

Compensation vs Earnings: Rene's compensation has increased whilst the company is unprofitable.

CEO

Rene Lacerte (56 yo)

18.1yrs

Tenure

US$17,721,164

Compensation

Mr. Rene A. Lacerte is the Founder of Bill.com Holdings Inc. and at Bill.com, LLC since April 2006 and serves as its Chief Executive Officer since April 2006. He serves as Chairperson of the Board at BILL...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rene Lacerte	Founder	18.1yrs	US$17.72m	2.49% $ 136.9m
John Rettig	President & CFO	9.9yrs	US$13.97m	0.10% $ 5.6m
Rajesh Aji	Chief Legal & Compliance Officer and Secretary	7.8yrs	US$6.08m	0.0082% $ 453.3k
Sofya Pogreb	Chief Operating Officer	1.8yrs	no data	no data
Germaine Cota	Senior Vice President of Finance & Accounting	2.3yrs	no data	0.0048% $ 266.6k
Kenneth Moss	Chief Technology Officer	1.1yrs	no data	no data
Karen Sansot	Executive of Investor Relations	no data	no data	no data
Sarah Acton	Chief Marketing Officer	2.4yrs	no data	no data
Michael DeAngelo	Chief People Officer	2yrs	no data	no data
Rinki Sethi	VP & Chief Information Security Officer	2.2yrs	no data	no data
Irana Wasti	Chief Product Officer	1.8yrs	no data	no data

2.3yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 0M5's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Rene Lacerte	Founder	18.1yrs	US$17.72m	2.49% $ 136.9m
Brian Jacobs	Independent Director	16.8yrs	US$253.78k	0.19% $ 10.5m
Steven Cakebread	Independent Director	5yrs	US$265.63k	0.0034% $ 186.7k
Peter Kight	Lead Independent Director	5yrs	US$270.95k	0.030% $ 1.6m
Aida Alvarez	Independent Director	2yrs	US$242.29k	0.0039% $ 213.2k
David Hornik	Independent Director	8yrs	US$247.64k	0.037% $ 2.0m
Scott Wagner	Independent Director	2.7yrs	US$255.00k	0.011% $ 596.5k
Katherine M. Kline	Independent Director	3.7yrs	US$260.61k	0.0057% $ 316.7k
Alison Wagonfeld	Independent Director	1.6yrs	US$427.31k	0.00049% $ 27.0k
Stephen Fisher	Independent Director	3.3yrs	US$259.38k	0.0043% $ 236.3k
Allison Mnookin	Independent Director	4.8yrs	US$261.38k	0.0034% $ 186.7k
Tina Reich	Independent Director	1.9yrs	US$153.04k	0.0020% $ 109.1k

4.3yrs

Average Tenure

55.5yo

Average Age

Experienced Board: 0M5's board of directors are considered experienced (4.3 years average tenure).

BILL Holdings Management

Management criteria checks 2/4

Key information

Recent management updates

Independent Director recently bought €935k worth of stock

BILL Holdings, Inc., Annual General Meeting, Dec 07, 2023

Founder recently sold €1.4m worth of stock

High number of new directors

Independent Director recently sold €180k worth of stock

Key Executive recently sold €468k worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: US$0.30 (vs US$0.29 loss in 3Q 2023)

BILL Holdings, Inc. Provides Financial Guidance for the Fourth Quarter and Full Year Ending June 30, 2024

BILL Holdings, Inc. to Report Q3, 2024 Results on May 02, 2024

Bill Expands Most Comprehensive Financial Operations Platform for SMBs with Powerful Predictive Cash Flow Tools

Now 20% undervalued

Now 21% undervalued

Second quarter 2024 earnings released: US$0.38 loss per share (vs US$0.90 loss in 2Q 2023)

Bill Holdings, Inc. Provides Earnings Guidance for the Fiscal Third Quarter Ending March 31, 2024 and the Full Fiscal Year Ending June 30, 2024

BILL Holdings, Inc. to Report Q2, 2024 Results on Feb 08, 2024

Now 20% undervalued after recent price drop

Independent Director recently bought €935k worth of stock

Bill Holdings Reportedly in Talks over $1.95 Billion Melio Takeover

BILL Responds to Market Rumor, Says 'Not Pursuing Any Such Acquisition'

Now 22% undervalued after recent price drop

New major risk - Share price stability

Bill Holdings, Inc. Provides Guidance for the Fiscal Second Quarter Ending December 31, 2023 and Full Year Ending June 30, 2024

First quarter 2024 earnings released: US$0.26 loss per share (vs US$0.78 loss in 1Q 2023)

BILL Holdings, Inc., Annual General Meeting, Dec 07, 2023

BILL Extends New Purchase Order Capabilities for Small and Midsize Businesses and Accountants to Enhance Control Over Financial Workflows

BILL Holdings, Inc. to Report Q1, 2024 Results on Nov 02, 2023

Bill Announces New Bill Financial Operations Platform for SMBs

Founder recently sold €1.4m worth of stock

BILL Provides Earnings Guidance for the First Quarter Ending September 30, 2023 and Fiscal Year Ending June 30, 2024

Full year 2023 earnings released: US$2.11 loss per share (vs US$3.21 loss in FY 2022)

Now 21% undervalued

High number of new directors

BILL Holdings, Inc. to Report Q4, 2023 Results on Aug 17, 2023

BILL Holdings, Inc. announced delayed 10-Q filing

Independent Director recently sold €180k worth of stock

BILL Holdings, Inc. Provides Earnings Guidance for the Fiscal Fourth Quarter and the Full Fiscal Year Ending June 30, 2023

Third quarter 2023 earnings released: US$0.29 loss per share (vs US$0.83 loss in 3Q 2022)

BILL Holdings, Inc. Provides Earnings Guidance for the Fiscal Fourth Quarter and the Full Fiscal Year Ending June 30, 2023

Key Executive recently sold €468k worth of stock

Now 20% undervalued after recent price drop

Second quarter 2023 earnings released: US$0.90 loss per share (vs US$0.78 loss in 2Q 2022)

Bill.com Holdings, Inc. (NYSE:BILL) announces an Equity Buyback for $300 million worth of its shares.

Bill.com Holdings, Inc. to Report Q2, 2023 Results on Feb 02, 2023

Chief Legal & Compliance Officer recently sold €190k worth of stock

Bill.com Holdings, Inc. (NYSE:BILL) completed the acquisition of FinMark Financial Group.

Chief Legal & Compliance Officer recently sold €475k worth of stock

First quarter 2023 earnings released: US$0.78 loss per share (vs US$0.77 loss in 1Q 2022)

Bill.com Holdings, Inc. (NYSE:BILL) entered into a definitive agreement to acquire FinMark Financial Group.

Bill.com Holdings, Inc. Provides Earnings Guidance for the Second Quarter; and Fiscal Year 2023

Bill.com Holdings, Inc., Annual General Meeting, Dec 08, 2022

Bill.Com Holdings, Inc. Appoints Alison Wagonfeld to Board of Directors

Bill.com Holdings, Inc. to Report Q1, 2023 Results on Nov 03, 2022

Bill.com Appoints Loren Padelford as Chief Commercial Officer

Full year 2022 earnings released: US$3.21 loss per share (vs US$1.19 loss in FY 2021)

Bill.com Holdings, Inc. Announces Retirement of Bora Chung as Chief Experience Officer

Bill.com Holdings, Inc. to Report Q4, 2022 Results on Aug 18, 2022

Bill.Com Announces That Tina Chan Reich Has Joined the Company’s Board of Directors

Key Executive recently sold €422k worth of stock

Bill.Com Holdings, Inc. Hires Innovative Chief People Officer, Michael Deangelo, to Lead Next Phase of Growth in People and Culture

Now 22% undervalued after recent price drop

Third quarter 2022 earnings released: US$0.83 loss per share (vs US$0.32 loss in 3Q 2021)

Bill.com Holdings, Inc. Provides Earnings Guidance for the Fourth Quarter and the Full Fiscal Year Ending June 30, 2022

High number of new directors

Bill.com Holdings, Inc. to Report Q3, 2022 Results on May 05, 2022

Key Executive recently sold €766k worth of stock

Steven Piaker to Resign from the Board and the Audit Committee of the Board of Bill.com Holdings, Inc

Key Executive recently sold €7.2m worth of stock

Bill.com Holdings, Inc. Provides Earnings Guidance for the Third Quarter Ending March 31, 2022 and Fiscal Year Ending June 30, 2022

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Independent Director recently sold €13m worth of stock

Chief Executive Officer of Divvy recently sold €4.2m worth of stock

Independent Director recently sold €10m worth of stock

First quarter 2022 earnings released: US$0.79 loss per share (vs US$0.16 loss in 1Q 2021)

Bill.com Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $1.2 billion.

Insider recently sold €65m worth of stock