Gil Shvid’s salary cost was still substantial at just under 18 million dollars.

Check Point CEO Gil Shvid to Retire in 2023: A Decade of rewards, Exec Bonuses, and Employee Expansion.

Check Point CEO Gil Shvid announced his intention to retire from his position in 2023, after serving as CEO for 30 years. In that year, he received a total of 17.9 million dollars in rewards, which was a decrease compared to previous years. These rewards were detailed in the company’s extended report (20F). Over the past decade, Shvid has received rewards with a cumulative cost of 314.7 million dollars, mostly in equity.

In addition to Shvid, four other senior executives at Check Point received annual bonuses in 2023, ranging from $1.8 million to $6.2 million each. Currently, Shvid owns over a quarter of Check Point’s shares, valued at almost 4.9 billion dollars and there is currently no other interested party in the company besides him. The company’s stock is trading near record levels on Nasdaq, valuing Check Point at 19.2 billion dollars.

The report also revealed that the number of employees at Check Point increased by 7% in the past year, reaching 6,450 employees. A large percentage of these employees are engaged in marketing, sales, and business development as well as research and development. Employees also exercised options with an intrinsic value of $20 million in 2023 and there are currently 5.9 million exercisable options held at the end of the year.

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