Corporate GovernanceMay 14, 2026, 09:02 AM
Similarweb Amends Executive & Director Compensation Policy
AI Summary
Similarweb Ltd. has adopted an amended Compensation Policy for Executive Officers and Directors, effective for three years. The policy aims to attract, retain, and motivate talent by aligning compensation with company goals and performance, while enhancing shareholder value. It outlines various compensation instruments including base salary, benefits, cash bonuses, and equity-based awards, with specific limits and guidelines for each component. The policy also addresses retirement, termination arrangements, change of control provisions, and compensation for non-employee directors, ensuring market competitiveness and compliance with the Companies Law.
Key Highlights
- Variable compensation (cash bonuses + equity) for Executive Officers not to exceed 95% of total compensation package.
- Annual target cash bonus for non-CEO Executive Officers not to exceed 100% of annual base salary.
- Maximum annual cash bonus for non-CEO Executive Officers and CEO not to exceed 200% of annual base salary.
- Special, Signing, and Relocation Bonuses range from 100% to 200% of annual base salary.
- Annual equity award for CEO not to exceed higher of 500% of annual base salary or 0.5% of company's fair market value.
- Annual equity award for other Executive Officers not to exceed higher of 300% of annual base salary or 0.35% of company's fair market value.
- Non-employee directors receive annual cash retainers up to $50,000 and initial equity awards up to $350,000.
- Change of Control cash bonus up to 200% of annual base salary for Executive Officers and 250% for CEO.
- Total non-statutory termination payments limited to 24 months of base salary.
Price Impact
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