Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2024-04-29

BM Technologies (BMTX)

Fiscal year 2023 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,178,775
Luvleen Sidhu total, FY2023
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against BMTX
1 company names BMTX as a compensation peer

Each company listed discloses BMTX in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BMTX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Luvleen Sidhu$350,000$175,175$645,500$0$0$0$8,100$1,178,775
Founder, Chief Executive Officer and Chair
James Donahue300,000109,200484,1250008,100901,425
President
James Dullinger275,000110,000193,6500008,100581,750
Former Chief Financial Officer
Rajinder Singh243,750000006,188249,938
Former Co-Chief Executive Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2023 totalFY2022 totalFY2021 totalΔ FY20222023
Luvleen Sidhu$1,178,775$608,097+570,678
James Donahue901,425448,101+453,324
James Dullinger581,750
Rajinder Singh249,938

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Luvleen SidhuRSU700,321$4,314,869
James DullingerRSU69,333261,045
James DonahueRSU214,007982,258
Luvleen SidhuRSU579,3713,569,663
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation programs are designed to attract and retain key talent to pursue strategies and implement business plans that promote growth and motivate long-term shareholder value creation. Target total direct compensation for each NEO is benchmarked relative to similarly sized companies within the consumer finance and application software industries.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPearl Meyer
Clawback policytrue
Anti-hedgingTrue
Anti-pledgingTrue
09

Board fee structure and ownership guideline

Annual cash retainer$20,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1BM Technologies2023Luvleen Sidhu$350,000$645,500$0$0$1,178,775

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Luvleen SidhuDEF 14A2024-04-290001213900-24-037263Section “Summary Compensation Table”. As printed: 1,178,775. Filing ↗machine: t13 · r1 · c23 · span 464069–464078
2Section 01, James DonahueDEF 14A2024-04-290001213900-24-037263Section “Summary Compensation Table”. As printed: 901,425. Filing ↗machine: t13 · r7 · c23 · span 548800–548807
3Section 01, James DullingerDEF 14A2024-04-290001213900-24-037263Section “Summary Compensation Table”. As printed: 581,750. Filing ↗machine: t13 · r10 · c23 · span 593090–593097
4Section 01, Rajinder SinghDEF 14A2024-04-290001213900-24-037263Section “Summary Compensation Table”. As printed: 249,938. Filing ↗machine: t13 · r4 · c23 · span 507963–507970
5Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
6BM Technologies (subject), Section 10b CEO totalDEF 14A2024-04-290001213900-24-037263CEO total compensation as printed in BM Technologies's own proxy. As printed: 1,178,775. Filing ↗machine: t13 · r1 · c23 · span 464069–464078