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Full coverage· Economy· Updated

Tel Aviv Stock Exchange Approves Stock Options for Chairman and CEO

The Tel Aviv Stock Exchange's general assembly approved stock options for Chairman Eugene Kandel and CEO Itai Ben-Zeev. The assembly also greenlit a 3.5 million shekel retention loan for Ben-Zeev and an equity compensation framework for directors.

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What happened

  1. 01Tel Aviv Stock Exchange approved stock options for Chairman Eugene Kandel and CEO Itai Ben-Zeev.
  2. 02CEO Itai Ben-Zeev also received a 3.5 million shekel retention loan.
  3. 03Kandel was granted 35,401 options, and Ben-Zeev received 46,815 options.
  4. 04The compensation package includes a framework for director equity compensation.
  5. 05A revised compensation policy for executives for 2026-2028 was also approved.

The compensation package aims to retain key executives and align their interests with the company's performance.

Translated and summarized by baba from Globes, the latest report. Read Globes’s original

The coverage

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