Michael Praeger is Chief Executive Officer and Chairman of the Board of AvidXchange Holdings, Inc. (AVDX). The company reported total compensation of $7,701,587 for fiscal year 2024.
| Salary | $520,192 |
|---|---|
| Bonus | $0 |
| Stock awards | $4,836,108 |
| Option awards | $2,099,998 |
| Non-equity incentive plan | $231,525 |
| Pension and non-qualified deferred compensation | $0 |
| All other compensation | $13,764 |
| Total | $7,701,587 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure AvidXchange Holdings, Inc. filed April 30, 2025, accession 0001193125-25-107131.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2024 | Chief Executive Officer and Chairman of the Board | $520,192 | $0 | $4,836,108 | $2,099,998 | $231,525 | $0 | $13,764 | $7,701,587 |
| FY2023 | Chief Executive Officer and Chairman of the Board | $500,000 | $0 | $4,312,827 | $1,849,122 | $611,800 | $0 | $12,516 | $7,286,265 |
| FY2022 | Chief Executive Officer and Chairman of the Board | $497,692 | $0 | $4,200,000 | $1,799,481 | $648,543 | $0 | $17,840 | $7,163,557 |
Totals as disclosed in each year's own compensation disclosure for AvidXchange Holdings, Inc..
| Peer-group chief executive median | $9,510,745 |
|---|---|
| Difference from that median | $-1,809,158 |
| Percentile within the disclosed peer group | 29th |
| Peers with a disclosed figure | 16 |
Medians and percentiles are computed across the peer group AvidXchange Holdings, Inc. discloses in its own compensation disclosure.
| Named executive officer | Role | FY2024 total |
|---|---|---|
| Michael Praeger this page | Chief Executive Officer and Chairman of the Board | $7,701,587 |
| Daniel Drees | President | $4,101,362 |
| Joel Wilhite | Chief Financial Officer, Senior Vice President | $3,887,870 |
| Angelic Gibson | Chief Information Officer, Senior Vice President | $3,184,184 |
| Ryan Stahl | General Counsel and Secretary, Senior Vice President | $2,569,164 |
The company's named executive officers for fiscal year 2024, and what it reported for each. See the full AvidXchange Holdings, Inc. compensation brief.
Michael Praeger's compensation sits inside AvidXchange Holdings, Inc.'s full executive and board picture — the peer group, pay against peers, incentive design and the board itself.