Andrew Russakoff
Chief Financial Officer at ANGI
Executive
About Andrew Russakoff
Andrew (“Rusty”) Russakoff, age 46, is Chief Financial Officer of Angi Inc. and has served in this role since June 9, 2022, after prior roles in financial planning at IAC and finance/strategy roles at technology companies and investment banking . Company performance context during his tenure includes Angi’s 2024 GAAP net earnings of $36 million and a 2024 TSR value of $19.60 for a $100 investment (company-level metrics; Angi does not tie NEO pay formulaically to these measures) . He regularly certifies Angi’s SEC filings, and leads capital markets execution (e.g., signing lender agreements) and earnings call financial commentary .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Angi Inc. | Chief Financial Officer | Since Jun 9, 2022 | Senior finance leadership for platform consolidation, capital allocation, and reporting |
| IAC | VP, Financial Planning; Senior Director, Financial Planning | 2015–2018 (Sr. Dir.), VP since Feb 2018 | Partnered with IAC execs on IR and portfolio financial analysis |
| GameChanger Media | VP, Finance & Operations | 2014–2015 | Scaled operations at venture-backed sports tech startup |
| Pellucid Analytics | VP, Strategy & Business Development | — | Led strategy/business development for finance-focused data platform |
| Credit Suisse | Investment Banker | — | Capital markets and advisory experience |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Gatsby (social promotions/web dev startup) | Advisor | Since 2017 | Ongoing product/strategy advisory |
Fixed Compensation
Multi-year CFO compensation (as disclosed):
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Salary ($) | $192,134 | $400,000 | $400,000 |
| Bonus ($) | $315,000 | $325,000 | $380,000 |
| Stock Awards (Grant Date Fair Value, $) | $4,699,997 | $1,000,000 | $292,000 |
| All Other Compensation ($) | $5,308 | $9,900 | $10,000 |
| Total ($) | $5,212,439 | $1,734,900 | $1,082,000 |
Notes:
- 2024 CFO RSU grant: 100,000 RSUs on March 1, 2024, fair value $292,000 .
Performance Compensation
Angi’s NEO bonus framework is discretionary (non-formulaic); bonuses consider corporate and individual factors rather than fixed weights/targets .
| Metric | Weighting | Target | Actual | Payout | Vesting/Timing |
|---|---|---|---|---|---|
| Annual Cash Bonus (2024) | Discretionary (no fixed weights) | Not formulaic | Considered: improved homeowner experience and foundation for homeowner choice; streamlined sales force; increased international revenue; domestic revenue and profitability goals exceeded; reinvestment to drive long-term growth | $380,000 | Paid shortly after year-end |
| Equity Awards (2024) | Time-based RSUs (no performance metrics) | n/a | 100,000 RSUs granted | $292,000 grant-date fair value | Vests in equal annual installments over 4 years |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial Ownership (Apr 21, 2025) | 57,742 Angi Class A shares owned directly |
| Ownership as % of Outstanding | 47,950,314 shares outstanding as of record date; direct ownership is a de minimis fraction of total (data for outstanding shares) |
| Unvested Angi RSUs (Dec 31, 2024) | 929,412 units; market value $1,542,824 at $1.66 closing price |
| Vested vs Unvested Angi Options | No Angi options held; RSUs only |
| Other Options (non-Angi) | Vested options in IAC and Vimeo (e.g., IAC: 1,125 at $15.1291, 3,750 at $8.2070, 4,493 at $15.4503; Vimeo: 2,000 at $2.5430; all exercisable) |
| Stock Ownership Guidelines | CFO must hold 12,500 shares; executives must retain 25% of net shares until guideline met |
| Compliance Status | Russakoff has achieved CFO guideline level |
| Hedging/Pledging | Company policy prohibits hedging, short sales, and pledging of Angi stock |
Vesting schedules and potential supply:
- RSUs vest on anniversaries; CFO holdings include (i) 196,079 RSUs from June 9, 2022 vesting over 3 years; (ii) 333,333 RSUs that vested in a lump sum on Feb 15, 2025; (iii) 300,000 RSUs from Mar 1, 2023 vesting over 4 years; (iv) 100,000 RSUs from Mar 1, 2024 vesting over 4 years .
Employment Terms
| Topic | Provision |
|---|---|
| Employment start (CFO) | June 9, 2022 |
| Severance (Qualifying Termination) | 12 months base salary continuation; partial vesting of equity awards that would have vested during the severance period; performance awards vest only upon goal achievement |
| Good Reason (CFO) | Material diminution in base salary or material diminution in title, duties, or responsibilities |
| Change-of-Control (CoC) | Double-trigger acceleration: upon CoC followed by Qualifying Termination within 2 years, all unvested Angi equity awards (other than CEO PSUs) vest; CEO PSUs have special price-based CoC vesting; CFO equity follows standard rule |
| Clawback | Mandatory recovery of erroneously awarded incentive-based compensation for current/former executive officers in event of specified accounting restatements; regardless of misconduct |
| Securities Trading Policy | Comprehensive insider trading policy governing directors, officers, employees, and covered persons |
| Ownership Policy | CFO guideline: 12,500 shares; achieved |
Estimated potential payments (assuming Dec 31, 2024 event, excludes taxes):
- CFO Qualifying Termination: $400,000 continued salary; $1,044,824 market value of RSUs that would vest; total $1,444,824 .
- CFO Qualifying Termination within 2 years of CoC: $400,000 continued salary; $1,542,824 market value of RSUs that would vest; total $1,942,824 .
Additional Disclosures Relevant to Alignment
- CFO certifies quarterly and Sarbanes-Oxley 906 certifications for Angi’s Form 10-Qs (e.g., Q3 2025), reinforcing accountability on controls and reporting .
- CFO signs major financing agreements on behalf of Angi Group, LLC (e.g., 8-K exhibits with lender signatures), highlighting capital structure stewardship .
- Executive compensation philosophy emphasizes discretion over strict pay-for-performance formulas; Committee uses market context and executive performance judgments (Compensia engaged for market input) .
Investment Implications
- Pay-for-performance linkage is moderate: CFO’s annual bonus is discretionary and RSUs are time-based; Angi explicitly avoids formulaic metrics for NEOs, which can reduce direct alignment to specific financial targets but allows holistic performance assessment .
- Retention incentives are strong: CFO holds substantial unvested RSUs (929,412 units), vesting over multi-year schedules, creating ongoing service-based value and reducing near-term departure risk .
- Governance safeguards are robust: Anti-hedging/pledging policy and a Dodd-Frank/Nasdaq-compliant clawback are in place, limiting misalignment and risk-taking; CFO meets ownership guidelines, improving “skin in the game” optics .
- Change-of-control economics are not aggressive: Double-trigger vesting (rather than single-trigger) for equity and 12 months salary continuation suggest standard, not inflated, exit payouts, mitigating excessive parachute risk .
- Execution signals: CFO’s direct roles in certifications, debt agreements, and detailed EBITDA/capex commentary on calls (e.g., ~$60 million capex in 2025 and similar next year, with platform capitalization impacts) indicate operational rigor and capital discipline, while noting unresolved vendor-related matters that could shift impacts into 2026 .