Matthew J. Hawkins

Chief Executive Officer at Waystar Holding

Board

Since October 2017

Age

53 years

Tenure

Joined WAY in October 2017 as CEO and board member, leveraging extensive leadership experience from previous roles in healthcare technology and software solutions.

Also at Waystar Holding

CLS

Christopher L. Schremser

Chief Technology Officer (CTO)

EL(SI

Eric L. (Ric) Sinclair III

Chief Business Officer

Greg Packer

Chief Legal Officer and Secretary

About

Matthew J. Hawkins, currently aged 53 as of February 12, 2025 , has been serving as the Chief Executive Officer and a member of the board of directors at WAY since October 2017. His appointment to this role reflects a deep background in leadership and operational management in the healthcare technology sector.

Prior to joining WAY, he held significant positions at organizations such as Sunquest Information Systems, where he served as President from May 2014 to October 2017, as well as leadership roles with Vista Equity Partners and Henry Schein Practice Solutions.

During his career, Hawkins has demonstrated a commitment to driving operational excellence and strategic innovation, skills that have been central to his roles in the industry. His broad experience across multiple high-level positions underscores his capability to lead and manage complex organizational structures.

$WAY Performance Under Matthew J. Hawkins

Past Roles

Organization	Role	Date Range	Details
Sunquest Information Systems	President	May 2014 to October 2017	Developer of medical laboratory and diagnostic software
Greenway Health	President and board member	N/A	Health information technology vendor
Vitera Healthcare Solutions	CEO and board member	N/A	Provider of EHR, PM systems, and financial and clinical transaction processing
SirsiDynix	CEO and board member	N/A	Library software automation company
Henry Schein Practice Solutions	Vice President and General Manager	2004 to 2007	Global healthcare distribution company

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Salary	$800,000	Annual	Base salary per employment agreement; subject to annual review
Option Awards	$17,349,946	Grant Date	Aggregate grant-date fair value of time-based vesting stock options
Stock Awards	$10,750,000	Grant Date	Aggregate grant-date fair value of time-based vesting RSUs
All Other Compensation	$50,480	Annual	Includes employer 401(k) matching ($6,900) and tax gross-up for executive gifts ($43,579)

Performance Compensation

Data from FY 2024

Performance Compensation Components

Metric	Details
Component	Non-Equity Incentive Plan Compensation
Target Incentive Opportunity	$880,000 (110% of base salary $800,000)
Actual Payout	$994,437 (113% of the target incentive opportunity)
Required Performance Metrics	70% based on company financial performance (Adjusted EBITDA, Total gross bookings, Revenue); 25% based on leadership-shared metrics; 5% based on individual reflection of company values
Vesting Schedule	Not subject to vesting; awarded as a cash bonus upon meeting performance targets
Evaluation Period	FY 2024
Additional Conditions	Payout contingent on achieving predetermined performance metrics approved by the board at the beginning of the fiscal year