PORCH GROUP INC (PRCH)
Sector: Information Technology
2026 Annual Meeting Analysis
PORCH GROUP INC · Meeting: June 10, 2026
Directors FOR
8
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Director Elections
Election of Directors
Porch's 3-year stock return of +511.9% vastly outperforms the peer group median of -7.8% by +519.7 percentage points, well above the 50-point trigger threshold, so no TSR concern applies; no overboarding, attendance, or independence issues identified.
Strong company TSR far exceeds peer benchmark, no overboarding or attendance issues, and Mr. Kell brings relevant e-commerce and digital leadership experience to his role as Compensation Committee Chair.
Strong company TSR far exceeds peer benchmark, no overboarding or attendance issues, and Ms. Lam brings extensive financial, M&A, and board governance experience; she is transitioning to Audit Committee Chair, a role well-suited to her background.
Strong company TSR far exceeds peer benchmark, no overboarding or attendance issues, and Mr. Pickerill is a CPA and former public-company CFO serving as Lead Independent Director, making him well-qualified for his governance role.
Strong company TSR far exceeds peer benchmark, no overboarding or attendance issues, and Ms. Reierson brings directly relevant insurance and home-services marketing experience.
Strong company TSR far exceeds peer benchmark, no overboarding or attendance issues, and Mr. Tulloch is a CPA and former global insurance CEO who serves as an Audit Committee financial expert.
Strong company TSR far exceeds peer benchmark, no overboarding or attendance issues, and Ms. Velasquez brings relevant product, fintech, and digital growth experience.
Strong company TSR far exceeds peer benchmark, no overboarding or attendance issues, and Mr. Vengalil is an Audit Committee financial expert with extensive M&A and CFO experience in technology and insurance.
All eight directors receive a FOR vote. Porch's 3-year total shareholder return of +511.9% outperforms the compensation peer group median of -7.8% by approximately +520 percentage points, far exceeding the 50-point underperformance threshold required to trigger concerns (the threshold for strong positive TSR). No directors are overboarded, all attended at least 75% of meetings in 2025, no independence concerns were identified, and the board has a clear skills matrix with strong financial expertise on the audit committee.
Say on Pay
✓ FORCEO
Matt Ehrlichman
Total Comp
$14,545,617
Prior Support
80%%
CEO total reported compensation of $14.5 million is elevated in absolute terms, but the compensation committee explicitly targets CEO pay at the 75th percentile of the peer group and a large portion — 92% — is at-risk performance-based pay including equity awards that only vest if robust multi-year financial and relative stock performance goals are met. The pay-for-performance alignment is strong: Porch's 3-year stock return of +511.9% dramatically outperforms the peer group median of -7.8%, and the 2025 short-term bonus payout of 182% of target was driven by objectively measured revenue and EBITDA results that significantly exceeded targets. Prior year Say on Pay support was 80%, which is above the 70% threshold that would require a response, and the compensation committee engaged in extensive shareholder outreach; fixed salary is a small fraction of total pay, incentive metrics are clear and measurable, and the company has a meaningful clawback policy in place.
Auditor Ratification
✓ FORAuditor
Grant Thornton LLP
Tenure
N/A
Audit Fees
$3,215,750
Non-Audit Fees
$0
Grant Thornton charged $3,215,750 in audit fees for 2025 with zero non-audit fees, meaning the non-audit fee ratio is 0% — well below the 50% threshold that would raise independence concerns. Auditor tenure is not disclosed in the proxy so the tenure trigger cannot fire. Grant Thornton is a large national firm appropriate for a company of Porch's size and complexity, and the proposal received 99.9% shareholder support at last year's meeting.
Overall Assessment
This is a routine annual meeting ballot for Porch Group with no adversarial proposals. All eight director nominees receive FOR votes given exceptional 3-year stock performance that vastly outperforms the peer group, and the auditor ratification and Say on Pay proposals both pass straightforward policy screens with no red flags triggered.
Compensation Peer Group
18 companies disclosed in 2026 proxy filing