Check Point CEO Gil Shwed's 2019 compensation cost $40m

Gil Shwed  photo: Tamar Matsafi

As every year, almost all of Shwed's compensation was stock-based.

Check Point Software Technologies Ltd. (Nasdaq: CHKP) co-founder and CEO Gil Shwed received compensation costing $40 million in 2019, according to the cybersecurity company's 20-F report filed on Thursday. Shwed's compensation was $35.8 million in 2018 and $37 million in 2017.

As every year, in 2019 too almost all of Shwed's compensation was stock-based. At his request, his basic salary is the minimum wage.

Shwed in the largest shareholder in Check Point, with a 19.7% stake, currently worth $2.9 billion. The company's chairman and co-founder Marius Nacht owns 3.7%.

Check Point's CFO and COO Tal Payne earned compensation worth $5.2 million last year, $4.2 million of which was in the form of stock-based compensation. VP Products Dr. Dorit Dor earned $4.6 million, of which $3.8 million was stock-based compensation. Head of Human Resources Miryam Steinitz earned $1.7 million and Chief Customer Officer Dan Yerushalmi earned $1.7 million.

At the end of 2019, Check Point had 5,512 employees, of whom 2,260 were based in Israel.

Check Point has a market cap of $15.3 billion, after an 11% decline in its share price in 2020 so far.

Marius Nacht is the former life partner of Anat Agmon, one of the controlling shareholders in "Globes".

Published by Globes, Israel business news - en.globes.co.il - on April 5, 2020

© Copyright of Globes Publisher Itonut (1983) Ltd. 2020

Gil Shwed  photo: Tamar Matsafi
Gil Shwed photo: Tamar Matsafi
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