Align Technology Management

Management criteria checks 2/4

Align Technology's CEO is Joe Hogan, appointed in Jun 2015, has a tenure of 9.42 years. total yearly compensation is $28.95M, comprised of 4.7% salary and 95.3% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth $50.09M. The average tenure of the management team and the board of directors is 7.4 years and 8.5 years respectively.

Key information

Joe Hogan

Chief executive officer

US$29.0m

Total compensation

CEO salary percentage	4.7%
CEO tenure	9.4yrs
CEO ownership	0.3%
Management average tenure	7.4yrs
Board average tenure	8.5yrs

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
Sep 30 2024	n/a	n/a	US$442m
Jun 30 2024	n/a	n/a	US$447m
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 ($USD28.95M) is above average for companies of similar size in the UK market ($USD5.66M).

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

CEO

Joe Hogan (67 yo)

9.4yrs

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	9.4yrs	US$28.95m	0.30% $ 50.1m
John Morici	CFO & Executive VP of Global Finance	8yrs	US$5.56m	0.017% $ 2.9m
Julie Coletti	Executive VP and Chief Legal & Regulatory Officer	5.5yrs	US$4.28m	0.0062% $ 1.0m
Stuart Hockridge	Executive Vice President of Global Human Resources	8.5yrs	US$3.41m	0.013% $ 2.2m
Emory Wright	Executive Vice President of Direct Fabrication Platform & Operations	less than a year	US$4.25m	0.021% $ 3.5m
Zelko Relic	Executive VP & CTO	6.8yrs	US$3.08m	no data
Shirley Stacy	Vice President of Corporate Communications & Investor Relations	no data	no data	no data
Vamsi Pudipeddi	CMO and EVP & MD of Americas Region	5.8yrs	US$3.23m	no data
Simon Beard	MD for EMEA Region & Executive VP	9.1yrs	US$3.36m	no data
Jennifer Olson-Wilk	Executive VP & Chief Customer Officer	8.3yrs	no data	no data
Sreelakshmi Kolli	Executive VP & Chief Product and Digital Officer	no data	no data	no data
Srini Kaza	Executive Vice President of Research & Development	3.2yrs	no data	no data

7.4yrs

Average Tenure

55yo

Average Age

Experienced Management: 0HCK's management team is seasoned and experienced (7.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joseph Hogan	President	9.4yrs	US$28.95m	0.30% $ 50.1m
Joseph Lacob	Independent Director	27.3yrs	US$364.81k	0.18% $ 30.0m
Susan Siegel	Independent Director	7.7yrs	US$359.81k	0.010% $ 1.8m
George Morrow	Independent Director	18.8yrs	US$381.81k	0.0073% $ 1.2m
Charles Larkin	Independent Chairman	20.7yrs	US$499.75k	0.032% $ 5.3m
Anne Myong	Independent Director	5.3yrs	US$384.68k	0.0093% $ 1.6m
Kevin Conroy	Independent Director	less than a year	US$146.30k	0.00088% $ 148.4k
Andrea Saia	Independent Director	11.3yrs	US$381.81k	0.019% $ 3.3m
Mojdeh Poul	Independent Director	less than a year	US$146.30k	0.00088% $ 148.4k
Kevin Dallas	Independent Director	6.7yrs	US$368.31k	0.018% $ 3.0m

8.5yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 0HCK's board of directors are considered experienced (8.5 years average tenure).

Align Technology Management

Management criteria checks 2/4

Key information

Recent management updates

Align Technology Announces New Regional Leadership Roles

Independent Chairman recently bought US$1.5m worth of stock

Align Technology, Inc. Announces Executive Appointments

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

Independent Director recently sold US$7.7m worth of stock

Align Technology, Inc. Announces Board Appointments

Recent updates

Align Technology, Inc Announces the Release of the Next Innovation of Invisalign Smile Architect Software

Third quarter 2024 earnings released: EPS: US$1.55 (vs US$1.59 in 3Q 2023)

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

Invisalign Palatal Expander System by Align Technology, Inc. Now Available in Singapore for Skeletal and Dental Expansion in Growing Patients

Align Technology, Inc. Announces Court Grants Preliminary Approval of Settlement to Resolve All Outstanding Shareholder Derivative Litigation

Align Technology Announces New Regional Leadership Roles

Independent Chairman recently bought US$1.5m worth of stock

Align Technology, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2024

Second quarter 2024 earnings released: EPS: US$1.28 (vs US$1.46 in 2Q 2023)

Align Technology, Inc. Introduces iTero Design Suite, Enabling Intuitive Design Capabilities for In-Practice 3D Printing to Boost Practice Efficiency

Now 24% undervalued after recent price drop

Align Technology, Inc. Announces Executive Appointments

Now 20% undervalued after recent price drop

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 US$7.7m 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)

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

Now 21% overvalued after recent price rise

Investor sentiment improves as stock rises 21%

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 US$1m worth of stock

President recently bought US$1m worth of stock

Investor sentiment deteriorates as stock falls 31%

New minor risk - Share price stability

Now 32% 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 US$2.0m worth of stock

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

President recently bought US$1m 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

Now 20% undervalued after recent price drop

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

Insufficient new directors

President recently bought US$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)

Now 37% undervalued after recent price drop

Insufficient new directors

Now 23% undervalued after recent price drop

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

Investor sentiment improved over the past week

Now 23% undervalued after recent price drop

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

Now 22% undervalued after recent price drop

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

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