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Stock Awards Boost Bill.com Pay

Stock awards significantly boosted compensation for three Bill.com executives for the year ended June 30. CEO and founder Rene Lacerte was paid $17.2 million for the most recently ended year, more than triple the $5.4 million for fiscal 2019, accoring to documents filed with the SEC.

 The payments software company has done well with its initial public offering in December, which raised about $225.5 million after its stock was priced well above initial estimates.  A follow-on offering in June raised another $525 million as the number of shares offered and price were higher than initially planned.

Lacerte’s 2020 pay include $11.1 million in stock awards—he had none the prior year while the $3.2 million in option awards for the most recently ended year. His $5.2 million in option awards for fiscal 2020 compares to $4.8 million for fiscal 2019.

CFO John Rettig receive $6.8 million in compensation last year, more than double the $2.7 million the prior year. His fiscal 2020 pay included stock awards valued at $4.2 million with no such awards the prior year. Option awards of $1.9 million were own from $2.2 million in fiscal 2019. Bora Chung, SVP of product, received nearly $3 million in 2020 pay, a 33.2 percent rise from $2.23 million. The pay for the most recent fiscal year included stock awards of $1.7 million. His option awards of $1.7 million were down from nearly $2 million.

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