Check Point CEO Gil Shvid recently announced his intention to retire after serving as CEO for 30 years. In 2023, he received a total of 17.9 million dollars in rewards, a decrease compared to previous years. These rewards were detailed in the company’s extended report (20F) for the year.
Shvid has consistently waived his salary and bonuses, except for the minimum wage required by law, with the majority of his rewards coming in the form of equity. Over the past decade, he has received rewards with a cumulative cost of 314.7 million dollars, mostly in equity awards. 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.
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 the 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, with 5.9 million exercisable options held at the end of the year.
Check Point remains a solid company with a strong employee base and leadership team despite challenges in the global market. The company continues to innovate and grow, with its stock performing well in the market valued at almost 4.9 billion dollars currently owned by Shvid who owns over a quarter of it valued at almost $4 .9 billion dollars . There is currently no other interested party besides him
