CEO Michael Praeger’s compensation package at AvidXchange Holdings Inc. (NASDAQ: AVDX) totaled $7.9 million in 2021, based largely on option and stock awards related to the company’s initial public offering last year.

The Charlotte company went public Oct. 13 with an IPO valued at $660 million. AvidXchange filed its first annual proxy statement on April 29 that, among other things, outlines the pay package of its top executives.

The filing with the U.S. Securities and Exchange Commission says…

CEO Michael Praeger’s compensation package at AvidXchange Holdings Inc. (NASDAQ: AVDX) totaled $7.9 million in 2021, based largely on option and stock awards related to the company’s initial public offering last year.

The Charlotte company went public Oct. 13 with an IPO valued at $660 million. AvidXchange filed its first annual proxy statement on April 29 that, among other things, outlines the pay package of its top executives.

The filing with the U.S. Securities and Exchange Commission says… Read MoreCharlotte Business News – Local Charlotte News | Charlotte Business Journal