Gil Shvid’s salary cost came in at $18 million, slightly less than expected, but still substantial

Check Point CEO Gil Shvid Announces Retirement, Reveals Decrease in Rewards

Check Point CEO Gil Shvid has announced his intention to retire from his position. In 2023, he received rewards worth 17.9 million dollars, a decrease compared to previous years. The data was published in Check Point’s extended report (20F) for 2023. Shvid waived his salary and bonus, except for the minimum required by law, and the main part of his rewards was in the form of capital allocation.

Over the last decade, Shvid has received rewards with a cumulative cost of 314.7 million dollars, most of which were in equity rewards. In comparison, in 2022, the cost of Shvid’s rewards was $22.6 million, and in 2021, it was $26.1 million. Four other senior executives at Check Point also received annual bonuses in 2023 at a cost ranging from $1.8 million to $6.2 million each.

Shvid currently owns more than a quarter of Check Point’s shares, valued at almost 4.9 billion dollars. The company is traded on Nasdaq at a value of 19.2 billion dollars, with no other interested parties besides Shvid. The number of Check Point employees increased by about 7% in 2023 to 6,450, with 2,672 of them in Israel. The employees are primarily engaged in marketing, sales, business development, research and development, support, information systems, management

Leave a Reply

Nghe An aims to keep 600 billion VND in tax revenue from hydropower annually Previous post Harnessing Sustainable Development for Nghe An’s Challenges: Proposals for Retaining Hydroelectric Plant Tax Revenue and Promoting Marine Economic Development
Unprecedented Scientific Advancement: Paralyzed Individuals Walking Again Following Stem Cell Transplantation Next post Miraculous Breakthrough: Paralyzed Man Regains Movement Thanks to Stem Cell Therapy