BILL Holdings Management

Management criteria checks 2/4

BILL Holdings' CEO is Rene Lacerte, appointed in Apr 2006, has a tenure of 18.42 years. total yearly compensation is $17.72M, comprised of 3.1% salary and 96.9% bonuses, including company stock and options. directly owns 2.51% of the company’s shares, worth $142.20M. The average tenure of the management team and the board of directors is 2.4 years and 4.6 years respectively.

Key information

Rene Lacerte

Chief executive officer

US$17.7m

Total compensation

CEO salary percentage	3.1%
CEO tenure	18.4yrs
CEO ownership	2.5%
Management average tenure	2.4yrs
Board average tenure	4.6yrs

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
Jun 30 2024	n/a	n/a	-US$29m
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 ($USD17.72M) is above average for companies of similar size in the UK market ($USD3.67M).

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

CEO

Rene Lacerte (57 yo)

18.4yrs

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	18.4yrs	US$17.72m	2.51% $ 142.2m
John Rettig	President & CFO	10.3yrs	US$13.97m	0.13% $ 7.5m
Rajesh Aji	Chief Legal & Compliance Officer and Secretary	8.1yrs	US$6.08m	0.0073% $ 415.3k
Sofya Pogreb	Chief Operating Officer	2.1yrs	no data	no data
Germaine Cota	Senior Vice President of Finance & Accounting	2.7yrs	no data	0.0064% $ 364.8k
Kenneth Moss	Chief Technology Officer	1.4yrs	no data	no data
Karen Sansot	Executive of Investor Relations	no data	no data	no data
Michael DeAngelo	Chief People Officer	2.3yrs	no data	no data
Sarah Acton	Chief Customer Officer	less than a year	no data	no data
Rinki Sethi	VP & Chief Information Security Officer	2.5yrs	no data	no data
Irana Wasti	Chief Product Officer	2.1yrs	no data	no data

2.4yrs

Average Tenure

57.5yo

Average Age

Experienced Management: 0A75's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Rene Lacerte	Founder	18.4yrs	US$17.72m	2.51% $ 142.2m
Brian Jacobs	Independent Director	17.1yrs	US$253.78k	0.21% $ 11.9m
Steven Cakebread	Independent Director	5.3yrs	US$265.63k	0.0033% $ 189.5k
Peter Kight	Lead Independent Director	5.3yrs	US$270.95k	0.029% $ 1.7m
Aida Alvarez	Independent Director	2.3yrs	US$242.29k	0.0038% $ 216.2k
David Hornik	Independent Director	8.3yrs	US$247.64k	0.036% $ 2.1m
Scott Wagner	Independent Director	3yrs	US$255.00k	0.011% $ 605.4k
Katherine M. Kline	Independent Director	4yrs	US$260.61k	0.0057% $ 321.7k
Alison Wagonfeld	Independent Director	1.9yrs	US$427.31k	0.00049% $ 27.8k
Stephen Fisher	Independent Director	3.6yrs	US$259.38k	0.0042% $ 240.0k
Allison Mnookin	Independent Director	5.2yrs	US$261.38k	0.0033% $ 189.5k
Tina Reich	Independent Director	2.3yrs	US$153.04k	0.0031% $ 174.7k

4.6yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 0A75's board of directors are considered experienced (4.6 years average tenure).

BILL Holdings Management

Management criteria checks 2/4

Key information

Recent management updates

President & CFO recently bought US$1.0m worth of stock

BILL Appoints Sarah Acton as Chief Customer Officer

Independent Director recently bought US$1.0m worth of stock

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

Founder recently sold US$1.5m worth of stock

High number of new directors

Recent updates

BILL Holdings, Inc.(NYSE:BILL) dropped from FTSE All-World Index (USD)

No longer forecast to breakeven

New major risk - Revenue and earnings growth

President & CFO recently bought US$1.0m worth of stock

Full year 2024 earnings released: US$0.27 loss per share (vs US$2.11 loss in FY 2023)

No longer forecast to breakeven

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

BILL Holdings, Inc. to Report Q4, 2024 Results on Aug 22, 2024

Forecast to breakeven in 2027

BILL Appoints Sarah Acton as Chief Customer Officer

New major risk - Revenue and earnings growth

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 22% undervalued after recent price drop

Now 20% 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

Independent Director recently bought US$1.0m worth of stock

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

Now 20% undervalued after recent price drop

New minor 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

Bill Announces New Bill Financial Operations Platform for SMBs

Founder recently sold US$1.5m 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)

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 US$197k 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

Now 21% undervalued after recent price drop

Now 24% undervalued after recent price drop

Now 22% undervalued after recent price drop

Key Executive recently sold US$499k worth of stock

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 US$197k worth of stock

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

Chief Legal & Compliance Officer recently sold US$483k 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 US$453k worth of stock

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

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 US$850k worth of stock