Toast Management

Management criteria checks 2/4

Toast's CEO is Aman Narang, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $4.77M, comprised of 0.4% salary and 99.6% bonuses, including company stock and options. directly owns 3.5% of the company’s shares, worth MX$17.37B. The average tenure of the management team and the board of directors is 0.8 years and 4.2 years respectively.

Key information

Aman Narang

Chief executive officer

US$4.8m

Total compensation

CEO salary percentage	0.4%
CEO tenure	less than a year
CEO ownership	3.5%
Management average tenure	less than a year
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Aman Narang's remuneration changed compared to Toast's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$49m
Jun 30 2024	n/a	n/a	-US$136m
Mar 31 2024	n/a	n/a	-US$248m
Dec 31 2023	US$5m	US$20k	-US$246m
Sep 30 2023	n/a	n/a	-US$310m
Jun 30 2023	n/a	n/a	-US$377m
Mar 31 2023	n/a	n/a	-US$333m
Dec 31 2022	US$4m	US$20k	-US$275m
Sep 30 2022	n/a	n/a	-US$174m
Jun 30 2022	n/a	n/a	-US$330m
Mar 31 2022	n/a	n/a	-US$411m
Dec 31 2021	US$1m	US$197k	-US$487m

Compensation vs Market: Aman's total compensation ($USD4.77M) is about average for companies of similar size in the MX market ($USD5.73M).

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

CEO

Aman Narang (41 yo)

less than a year

Tenure

US$4,774,556

Compensation

Mr. Aman Narang is a Co-Founder of Toast, Inc. and had been its President since March 2023 and was its Co-President since December 2012 until March 2023 and is Chief Executive Officer from January 01, 2024...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Aman Narang	Co-Founder	less than a year	US$4.77m	3.5% MX$ 17.4b
Stephen Fredette	Co-Founder	less than a year	US$4.30m	5.31% MX$ 26.3b
Elena Gomez	Chief Financial Officer	3.5yrs	US$5.45m	0.028% MX$ 139.4m
Brian Elworthy	Senior VP	8yrs	US$3.14m	0.045% MX$ 225.1m
Deborah Chrapaty	Chief Technology Officer	2.8yrs	no data	no data
Kelly Esten	Chief Marketing Officer	less than a year	no data	no data
Mike Gutner	Chief People Officer	less than a year	no data	no data
Jonathan Vassil	Chief Revenue Officer	2.8yrs	no data	0.0070% MX$ 34.8m
Megan Anderson	Chief Customer Officer	2.8yrs	no data	no data
Michel Rbeiz	Senior VP & GM of FinTech	less than a year	no data	no data
Lou Orfanos	Senior VP & GM of Commerce	less than a year	no data	no data
Jerome Luo	Chief of Staff	less than a year	no data	no data

0.8yrs

Average Tenure

45.5yo

Average Age

Experienced Management: TOST *'s management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Aman Narang	Co-Founder	3.8yrs	US$4.77m	3.5% MX$ 17.4b
Stephen Fredette	Co-Founder	3.3yrs	US$4.30m	5.31% MX$ 26.3b
Paul Bell	Independent Director	7.4yrs	US$314.23k	0.042% MX$ 210.2m
Deval Patrick	Independent Director	3.7yrs	US$314.23k	0.0084% MX$ 41.5m
David Yuan	Independent Director	5.7yrs	US$314.23k	0.0047% MX$ 23.2m
Mark Hawkins	Independent Chairperson	4.6yrs	US$379.23k	0.015% MX$ 75.9m
Kent Bennett	Independent Director	8.9yrs	US$319.23k	0.070% MX$ 345.6m
Christopher Comparato	Director	8.9yrs	US$8.59m	1.61% MX$ 8.0b
Hilarie Koplow-McAdams	Independent Director	2.9yrs	US$313.40k	0.0052% MX$ 26.0m
Susan Chapman-Hughes	Independent Director	3.8yrs	US$329.23k	0.0054% MX$ 26.7m

4.2yrs

Average Tenure

57yo

Average Age

Experienced Board: TOST *'s board of directors are considered experienced (4.2 years average tenure).

Toast Management

Management criteria checks 2/4

Key information

Recent management updates

Independent Director recently sold Mex$13m worth of stock

Insufficient new directors

Insufficient new directors

Toast, Inc., Annual General Meeting, Jun 06, 2024

Insider recently sold Mex$1.9m worth of stock

Chief Financial Officer recently sold Mex$3.5m worth of stock

Recent updates

Independent Director recently sold Mex$13m worth of stock

Insufficient new directors

Forecast breakeven date moved forward to 2024

Toast, Inc. to Report Q3, 2024 Results on Nov 07, 2024

Insufficient new directors

Toast, Inc. Announces Its Fall Product Release with New Mobile Features

Toast, Inc. to Report Q2, 2024 Results on Aug 06, 2024

First quarter 2024 earnings released: US$0.15 loss per share (vs US$0.15 loss in 1Q 2023)

Toast, Inc., Annual General Meeting, Jun 06, 2024

Toast, Inc. to Report Q1, 2024 Results on May 07, 2024

Toast, Inc. (NYSE:TOST) announces an Equity Buyback for $250 million worth of its shares.

Insider recently sold Mex$1.9m worth of stock

Toast, Inc. to Report Q4, 2023 Results on Feb 15, 2024

Chief Financial Officer recently sold Mex$3.5m worth of stock

Forecast to breakeven in 2026

High number of new directors

Third quarter 2023 earnings released: US$0.058 loss per share (vs US$0.19 loss in 3Q 2022)

New major risk - Revenue and earnings growth

Toast, Inc. Provides Financial Guidance for the Fourth Quarter and Full Year Ending December 31, 2023

Toast announces Significant Upates to the Toast Platform, Including the Launch of A New Mobile App and an Enhanced Point-Of-Sale (Pos) Experience

Toast Announceds Significant Upates to the Toast Platform, Including the Launch of A New Mobile App and an Enhanced Point-Of-Sale (Pos) Experience

New minor risk - Profitability

High number of new directors

Toast, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Chief Financial Officer recently sold Mex$4.9m worth of stock

Toast, Inc. Launches Toast for Cafes & Bakeries

High number of new directors

Toast, Inc. Announces Executive Changes Effective January 1, 2024

Toast, Inc. Announces CEO Changes

High number of new directors

Second quarter 2023 earnings released: US$0.18 loss per share (vs US$0.11 loss in 2Q 2022)

Toast, Inc. Revises Earnings Guidance for the Full Year Ending December 31, 2023

Toast, Inc. to Report Q2, 2023 Results on Aug 08, 2023

Chief Financial Officer recently sold Mex$5.7m worth of stock

High number of new directors

Toast, Inc. Revises Earnings Guidance for the Full Year Ending December 31, 2023

Toast, Inc. (NYSE : TOST) acquired Delphi Display Systems, Inc.

Toast, Inc. to Report Q4, 2022 Results on Feb 16, 2023

Chief Financial Officer recently sold Mex$3.0m worth of stock

Forecast to breakeven in 2025

High number of new directors

High number of new directors

Independent Director recently sold Mex$47m worth of stock

High number of new directors

Toast, Inc. Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2022

Toast, Inc. to Report Q3, 2022 Results on Nov 10, 2022

High number of new directors

Toast Launches Invoicing to Help Restaurants Grow Their Catering and Events Business

Chief Financial Officer recently sold Mex$3.9m worth of stock

High number of new directors

Toast, Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2022

Toast, Inc. to Report Q2, 2022 Results on Aug 11, 2022

Toast, Inc. (NYSE:TOST) acquired Sling, Inc. from BOLDstart Ventures Management LLC.

First quarter 2022 earnings released: US$0.046 loss per share (vs US$0.48 loss in 1Q 2021)

High number of new directors

First quarter 2022 earnings released: US$0.046 loss per share (vs US$0.48 loss in 1Q 2021)

Toast, Inc. Revises Earnings Guidance for the Full Year Ending December 31, 2022

Chairman recently sold Mex$869k worth of stock

Toast, Inc. Announces Toast for Hotel Restaurants, A New Solution Designed to Meet the Unique Needs of Hotel Restaurant Operators

High number of new directors

Toast, Inc. to Report Q1, 2022 Results on May 12, 2022

Toast Reimagines Quick-Service Restaurant Point-Of-Sale to Help Restaurants Increase Throughput, Sales, and Serve More Guests

High number of new directors

Toast Names Jennifer DiRico General Manager and Head of International

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Toast, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2022 and Full Year Ending December 31, 2022

High number of new directors

CEO Compensation Analysis

CEO