Jesse Hill
eXp World HoldingsAbout Jesse Hill
Jesse Hill, 37, is Chief Financial Officer of eXp World Holdings (EXPI), appointed permanent CFO effective June 30, 2025 after serving as Interim CFO from April 1, 2025; he holds a B.S. in Business Administration (Finance) from the University of Central Florida . During 2025, EXPI’s Q3 revenue grew ~7% YoY ($1,316.7M vs $1,231.2M) while quarterly Adjusted EBITDA fell ($17.7M vs $23.9M); nine-month Adjusted EBITDA also declined ($31.1M vs $67.8M), framing near-term execution priorities in profitability while maintaining growth . EXPI reported Weighted Annual TSR of 10% for 2024 (proxy PVP table), useful context for pay-for-performance alignment prior to Hill’s tenure . Hill led international finance initiatives, expanding International Realty into eight new markets, nearly quintupling segment revenue and improving operating margins, and was named a 2025 HousingWire Finance Leader .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| eXp World Holdings / eXp Realty | Interim CFO (Principal Financial Officer), EXPI | Apr 1, 2025 – Jun 30, 2025 | Led finance through transition; maintained disclosure controls and SOX certifications . |
| eXp World Holdings | CFO (Principal Financial & Accounting Officer), EXPI | Jun 30, 2025 – present | Updated compensation; oversees financial strategy, reporting, and treasury . |
| eXp Realty (subsidiary) | VP, International Finance & Corporate FP&A | Nov 2024 – Mar 2025 | Drove international expansion and margin improvement; recognized as 2025 Finance Leader . |
| eXp Global & Corporate FP&A | Senior Director of Finance | Jul 2021 – Nov 2024 | Scaled FP&A across global operations . |
| Virbela/FRAME (subsidiary) | Director of Finance | Jan 2021 – Jul 2021 | Led finance for virtual platform businesses . |
| US Realty / Virbela/FRAME | Finance Manager | Mar 2020 – Jan 2021 | Managed finance for multiple segments . |
| US Realty | Senior Financial Analyst | Mar 2019 – Mar 2020 | Supported analytics and reporting . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| The Walt Disney Company | Multiple finance roles | Jun 2011 – Sep 2014 | Built foundational analytics and FP&A experience . |
| Nissan Motor Corporation | Financial Analyst II | Jan 2016 – Apr 2018 | Automotive finance and operational analysis . |
| General Motors Company | Senior Financial Analyst | Apr 2018 – Mar 2019 | Advanced financial modeling and reporting . |
Fixed Compensation
| Effective Date | Role | Base Salary ($) | Target Bonus % | Notes |
|---|---|---|---|---|
| Apr 1, 2025 | Interim CFO (Principal Financial Officer) | 450,000 | Not disclosed | Approved in connection with interim appointment . |
| Jun 30, 2025 | CFO (Principal Financial & Accounting Officer) | 600,000 | Not disclosed | Updated compensation package upon permanent appointment . |
Performance Compensation
Stock Awards (RSUs)
| Grant Date | Role | Type | Grant Value ($) | Vesting | Performance Metrics | Settlement |
|---|---|---|---|---|---|---|
| On/around Mar 14, 2025 | Interim CFO | RSU | 150,000 | Quarterly over 3 years; 30% year 1, 30% year 2, 40% year 3, service-based | None stated | 1:1 in common stock . |
| First trading day post blackout (expected) | CFO | RSU | 230,938 | Equal quarterly installments over 3 years, service-based | None stated | 1:1 in common stock . |
Option Awards
| Grant Date | Role | Exercise Price | Expiration | Grant Fair Value ($) | Vesting | Performance Metrics |
|---|---|---|---|---|---|---|
| On/around Mar 14, 2025 | Interim CFO | Closing price on grant date | Not disclosed | 150,000 | Equal quarterly installments over 3 years, service-based | None stated . |
| First trading day post blackout (expected) | CFO | Closing price on grant date | Not disclosed | 692,812 | Equal quarterly installments over 3 years, service-based | None stated . |
Equity awards granted under EXPI’s 2024 Equity Incentive Plan; standard award agreements apply, with vesting contingent on continued service .
Bonus Program Linkage
- EXPI emphasizes discretionary, at-risk bonuses tied to contribution toward business goals, reviewed quarterly by the Compensation Committee; however, Hill’s target bonus parameters were not disclosed in available filings .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial Ownership | Not disclosed in the 2025 proxy (Hill was appointed post-proxy); no Section 16 filings retrieved in this review. |
| Ownership % | Not disclosed. |
| Vested vs Unvested | Award structures imply ongoing quarterly vesting over 3 years for RSUs/options (service-based) . |
| Options – Exercisable/Unexercisable | Not disclosed at the individual level for Hill; general plan terms govern exercisability windows . |
| Pledging/Hedging | Company policy prohibits hedging, pledging, short sales and derivatives for executives . |
| Clawback | Dodd-Frank compliant clawback policy applies to incentive compensation tied wholly or partly to financial reporting measures (including stock price/TSR), effective Oct 2, 2023 . |
| Ownership Guidelines | Not disclosed for executives in proxy; director policies discussed; no exec ownership multiple stated . |
Employment Terms
| Item | Detail |
|---|---|
| Start & Tenure | Interim CFO effective Apr 1, 2025; permanent CFO effective Jun 30, 2025 . |
| Contract Term | At-will employment; compensation via Board/Comp Committee approvals; standard plan award agreements . |
| Severance | Not disclosed for Hill; proxy indicates limited severance arrangements among current NEOs and no guaranteed change-in-control payments aside from plan-level discretion; Hill was not an NEO in the March 2025 proxy . |
| Change-of-Control | Under 2015/2024 equity plans, Board may accelerate, vest, cancel for fair value, or issue substitute awards upon change-in-control (discretionary; not automatic) . |
| Anti-Hedging/Pledging | Prohibited for insiders (including executives) . |
| Clawback | Applies to incentive compensation upon certain financial restatements (as defined) . |
| Non-Compete / Non-Solicit | Not disclosed for Hill in retrieved filings. |
| Trading Blackouts | Awards timed to grant on first trading day following blackout expiration (CFO grants) . |
Performance & Track Record
Quarterly performance during Hill’s tenure:
| Metric | Q3 2024 | Q3 2025 |
|---|---|---|
| Revenue ($000s) | 1,231,187 | 1,316,683 |
| Adjusted EBITDA ($000s) | 23,942 | 17,712 |
Year-to-date performance:
| Metric | 9M 2024 | 9M 2025 |
|---|---|---|
| Revenue ($000s) | 3,469,485 | 3,580,466 |
| Adjusted EBITDA ($000s) | 67,797 | 31,068 |
Contextual pay-versus-performance metric:
| Metric | FY 2024 |
|---|---|
| Weighted Annual TSR (%) | 10 |
Major achievements and recognition:
- International segment: expanded into eight new markets, nearly 5x revenue, and improved operating margins under Hill’s finance leadership .
- 10-Q SOX certifications: Hill executed CFO certifications (Exhibits 31.2, 32.2) and signed the Q3 2025 10-Q, indicating control oversight .
Investment Implications
- Retention and potential selling pressure: Quarterly vesting over three years for RSUs and options creates recurring cadence of potential insider liquidity windows; grants were aligned to post-blackout timing, implying ongoing blackout governance around reporting cycles .
- Alignment vs performance risk: Hill’s equity awards are time-based without explicit operating or TSR hurdles, enhancing retention but weakening strict pay-for-performance ties at the individual level; company-level clawback mitigates restatement risk on incentive pay .
- Governance safeguards: Prohibitions on hedging/pledging and presence of a clawback policy support shareholder alignment and reduce leverage-driven sell pressure risks .
- Financial execution lens: Q3 2025 revenue growth (~7% YoY) alongside lower Adjusted EBITDA highlights margin focus during Hill’s initial tenure; monitoring expense discipline and agent-related costs is key for EPS/FCF trajectory .
- Signal value from role progression: Hill’s rapid elevation from VP International Finance to CFO and HousingWire recognition indicates board confidence in his execution; international growth and margin achievements suggest competency in scaling profitably .
Sources: Interim CFO and compensation terms ; permanent CFO appointment and updated compensation ; international achievements and recognition ; Q3 2025 results and reconciliation ; SOX certifications and 10-Q signature ; proxy governance policies and pay-versus-performance .