Porch Group, Inc.

NasdaqCM:PRCH Stock Report

Market Cap: US$339.1m

Porch Group Management

Management criteria checks 2/4

Porch Group's CEO is Matt Ehrlichman, appointed in Dec 2020, has a tenure of 3.33 years. total yearly compensation is $4.27M, comprised of 14.1% salary and 85.9% bonuses, including company stock and options. directly owns 19.36% of the company’s shares, worth $65.64M. The average tenure of the management team and the board of directors is 2.5 years and 2.7 years respectively.

Key information

Matt Ehrlichman

Chief executive officer

US$4.3m

Total compensation

CEO salary percentage14.1%
CEO tenure3.3yrs
CEO ownership19.4%
Management average tenure2.5yrs
Board average tenure2.7yrs

Recent management updates

Recent updates

Improved Revenues Required Before Porch Group, Inc. (NASDAQ:PRCH) Stock's 39% Jump Looks Justified

Mar 08
Improved Revenues Required Before Porch Group, Inc. (NASDAQ:PRCH) Stock's 39% Jump Looks Justified

Porch Group: A Complicated Tale

Feb 18

Porch Group, Inc.'s (NASDAQ:PRCH) Prospects Need A Boost To Lift Shares

Jan 18
Porch Group, Inc.'s (NASDAQ:PRCH) Prospects Need A Boost To Lift Shares

At US$0.95, Is Porch Group, Inc. (NASDAQ:PRCH) Worth Looking At Closely?

Nov 09
At US$0.95, Is Porch Group, Inc. (NASDAQ:PRCH) Worth Looking At Closely?

Is There An Opportunity With Porch Group, Inc.'s (NASDAQ:PRCH) 35% Undervaluation?

Sep 13
Is There An Opportunity With Porch Group, Inc.'s (NASDAQ:PRCH) 35% Undervaluation?

Porch Group, Inc.'s (NASDAQ:PRCH) Prospects Need A Boost To Lift Shares

Aug 10
Porch Group, Inc.'s (NASDAQ:PRCH) Prospects Need A Boost To Lift Shares

Porch Group’s Floify announces technology partnership with National Association of Mortgage Brokers

Sep 20

Porch GAAP EPS of -$0.27, revenue of $70.77M

Aug 09

Porch Group: Another SPAC Debacle

Apr 27

Porch Group: Expanding Into Mortgage Origination Through Floify Acquisition

Dec 30

CEO Compensation Analysis

How has Matt Ehrlichman's remuneration changed compared to Porch Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023US$4mUS$600k

-US$134m

Sep 30 2023n/an/a

-US$167m

Jun 30 2023n/an/a

-US$246m

Mar 31 2023n/an/a

-US$186m

Dec 31 2022US$14mUS$642k

-US$157m

Sep 30 2022n/an/a

-US$141m

Jun 30 2022n/an/a

-US$62m

Mar 31 2022n/an/a

-US$51m

Dec 31 2021US$1mUS$450k

-US$107m

Sep 30 2021n/an/a

-US$124m

Jun 30 2021n/an/a

-US$128m

Mar 31 2021n/an/a

-US$118m

Dec 31 2020US$17mUS$362k

-US$71m

Sep 30 2020n/an/a

-US$54m

Jun 30 2020n/an/a

-US$60m

Mar 31 2020n/an/a

-US$88m

Dec 31 2019US$3kUS$1

-US$103m

Compensation vs Market: Matt's total compensation ($USD4.27M) is above average for companies of similar size in the US market ($USD2.36M).

Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.

CEO

Matt Ehrlichman (43 yo)

3.3yrs

Tenure

US$4,266,774

Compensation

Mr. Matthew Ehrlichman, also known as Matt, served as Member of Advisory Board at Watsco Inc. since March 2020 until April 2024. He is the Founder of Porch Group, Inc. and has been its Chief Executive Offi...

Leadership Team

NamePositionTenureCompensationOwnership
Matthew Ehrlichman
Founder3.3yrsUS$4.27m19.36%
$ 65.6m
Shawn Tabak
Chief Financial Officer1.4yrsUS$1.34m0.36%
$ 1.2m
Matthew Neagle
Chief Operating Officer3.7yrsUS$2.41m0.94%
$ 3.2m
Ronnie Castro
Co-Founder & VP of Homeowner Operationsno datano datano data
Nicole Pelley
Senior Vice President of Product & Technologyno datano datano data
Lois Perkins
Head of Investor Relationsno datano datano data
Matthew Cullen
General Counsel & Secretary3.3yrsno datano data
Janet Zimmermann
Vice President of People1.9yrsno datano data
Adam Kornick
President of InsurTech Divisionno datano datano data
Andrew Beck
Head of Contractor Tools SaaS3.2yrsno datano data
Nick Graham
Senior Vice President & Group General Manager of Moving Division1.6yrsno datano data
Sofia Rossato
President & GM of Floify1.9yrsno datano data

2.5yrs

Average Tenure

43yo

Average Age

Experienced Management: PRCH's management team is considered experienced (2.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Matthew Ehrlichman
Founder3.3yrsUS$4.27m19.36%
$ 65.6m
Alan Pickerill
Lead Independent Director3.3yrsUS$163.09k0.038%
$ 129.0k
Rachel Lam
Independent Director2.7yrsUS$132.50k0.058%
$ 196.8k
Maurice Tulloch
Independent Director2.7yrsUS$130.00k0.022%
$ 73.9k
Sean Kell
Independent Director2.1yrsUS$116.62k0.13%
$ 445.2k
Regi Vengalil
Independent Director3.3yrsUS$157.07k0.043%
$ 144.3k
Camilla Velasquez
Independent Director1.5yrsUS$87.52k0.0020%
$ 6.9k
Amanda Reierson
Independent Director1.5yrsUS$87.52kno data

2.7yrs

Average Tenure

49yo

Average Age

Experienced Board: PRCH's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

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