Varonis Systems Management

Management criteria checks 2/4

Varonis Systems' CEO is Yaki Faitelson, appointed in Jan 2004, has a tenure of 20.83 years. total yearly compensation is $14.11M, comprised of 4% salary and 96% bonuses, including company stock and options. directly owns 0.55% of the company’s shares, worth $31.14M. The average tenure of the management team and the board of directors is 6.7 years and 9.8 years respectively.

Key information

Yaki Faitelson

Chief executive officer

US$14.1m

Total compensation

CEO salary percentage	4.0%
CEO tenure	20.8yrs
CEO ownership	0.6%
Management average tenure	6.7yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Yaki Faitelson's remuneration changed compared to Varonis Systems's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$84m
Jun 30 2024	n/a	n/a	-US$88m
Mar 31 2024	n/a	n/a	-US$103m
Dec 31 2023	US$14m	US$560k	-US$101m
Sep 30 2023	n/a	n/a	-US$111m
Jun 30 2023	n/a	n/a	-US$116m
Mar 31 2023	n/a	n/a	-US$114m
Dec 31 2022	US$10m	US$560k	-US$125m
Sep 30 2022	n/a	n/a	-US$139m
Jun 30 2022	n/a	n/a	-US$133m
Mar 31 2022	n/a	n/a	-US$130m
Dec 31 2021	US$10m	US$560k	-US$117m
Sep 30 2021	n/a	n/a	-US$111m
Jun 30 2021	n/a	n/a	-US$107m
Mar 31 2021	n/a	n/a	-US$98m
Dec 31 2020	US$6m	US$532k	-US$94m
Sep 30 2020	n/a	n/a	-US$90m
Jun 30 2020	n/a	n/a	-US$87m
Mar 31 2020	n/a	n/a	-US$88m
Dec 31 2019	US$8m	US$560k	-US$79m
Sep 30 2019	n/a	n/a	-US$58m
Jun 30 2019	n/a	n/a	-US$48m
Mar 31 2019	n/a	n/a	-US$36m
Dec 31 2018	US$9m	US$560k	-US$29m
Sep 30 2018	n/a	n/a	-US$28m
Jun 30 2018	n/a	n/a	-US$24m
Mar 31 2018	n/a	n/a	-US$17m
Dec 31 2017	US$3m	US$400k	-US$14m

Compensation vs Market: Yaki 's total compensation ($USD14.11M) is above average for companies of similar size in the UK market ($USD3.23M).

Compensation vs Earnings: Yaki 's compensation has increased whilst the company is unprofitable.

CEO

Yaki Faitelson (49 yo)

20.8yrs

Tenure

US$14,112,979

Compensation

Mr. Yakov Faitelson, also known as Yaki, Co-founded Varonis Systems, Inc. in 2004 and has been its Chairman, Chief Executive Officer and President since 2004. Mr. Faitelson is responsible for leading the m...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Yakov Faitelson	Co-Founder	20.8yrs	US$14.11m	0.55% $ 31.1m
Ohad Korkus	Co-Founder & Director	20.8yrs	US$227.51k	0.094% $ 5.3m
Guy Melamed	CFO & COO	7.6yrs	US$5.55m	0.15% $ 8.3m
David Bass	Executive VP of Engineering & CTO	6.7yrs	US$5.87m	0.30% $ 16.9m
Dov Gottlieb	VP, General Counsel & Corporate Secretary	3.6yrs	US$3.41m	0.031% $ 1.7m
James O'Boyle	Vice Chairman of Sales	18.8yrs	US$4.36m	0.25% $ 14.3m
Gilad Raz	Chief Information Officer & VP of Technical Services	9.8yrs	US$4.66m	no data
Tim Perz	Director of Investor Relations	2.8yrs	no data	no data
Rob Sobers	Chief Marketing Officer	2.8yrs	no data	no data
Dana Shahar-Gara	Chief Human Resources Officer	6.5yrs	no data	no data
David Gibson	Senior Vice President of Strategic Programs	2.8yrs	no data	no data
Brian Vecci	Field C.T.O	no data	no data	no data

6.7yrs

Average Tenure

48yo

Average Age

Experienced Management: 0VOU's management team is seasoned and experienced (6.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Yakov Faitelson	Co-Founder	20.8yrs	US$14.11m	0.55% $ 31.1m
Ohad Korkus	Co-Founder & Director	16.9yrs	US$227.51k	0.094% $ 5.3m
Kevin Comolli	Independent Director	19.9yrs	US$234.76k	0.19% $ 10.7m
Fred Van Den Bosch	Independent Director	11.8yrs	US$231.01k	0.11% $ 6.1m
John Gavin	Lead Independent Director	11.8yrs	US$266.01k	0.22% $ 12.6m
Thomas Mendoza	Independent Director	9.4yrs	US$220.01k	0.043% $ 2.4m
Ofer Segev	Independent Director	9.8yrs	US$227.51k	0.060% $ 3.4m
Rachel Prishkolnik	Independent Director	3.5yrs	US$225.01k	0.0081% $ 455.1k
Avrohom Kess	Independent Director	2.8yrs	US$227.76k	0.013% $ 749.9k
Gili Iohan	Independent Director	7.6yrs	US$232.51k	0.0098% $ 549.6k
Carlos Aued	Independent Director	2.8yrs	US$220.01k	0.0057% $ 320.7k

9.8yrs

Average Tenure

64yo

Average Age

Experienced Board: 0VOU's board of directors are considered experienced (9.8 years average tenure).

Varonis Systems Management

Management criteria checks 2/4

Key information

Recent management updates

CFO & COO recently sold US$4.9m worth of stock

Co-Founder recently sold US$13m worth of stock

Varonis Systems, Inc., Annual General Meeting, Jun 03, 2024

Independent Director recently sold US$986k worth of stock

CFO & COO recently sold US$9.4m worth of stock

Executive VP of Engineering & CTO recently sold US$5.0m worth of stock

Recent updates

CFO & COO recently sold US$4.9m worth of stock

Now 21% overvalued

Third quarter 2024 earnings released: US$0.16 loss per share (vs US$0.21 loss in 3Q 2023)

Varonis Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2024

Varonis Systems, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Varonis Systems, Inc. Expands Salesforce Security Offering with New Automated Remediation Capabilities

Now 20% overvalued after recent price rise

New minor risk - Shareholder dilution

Varonis Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2024

Second quarter 2024 earnings released: US$0.21 loss per share (vs US$0.35 loss in 2Q 2023)

Now 23% overvalued after recent price rise

Varonis Systems, Inc. to Report Q2, 2024 Results on Jul 29, 2024

Now 20% overvalued after recent price rise

Now 23% overvalued

Varonis Systems, Inc Announces Industry-First Automated Remediation to Prevent Data Exposure in Aws

Now 22% overvalued

Co-Founder recently sold US$13m worth of stock

Varonis Systems, Inc. Adds AI Prompt Monitoring to Prevent Malicious Copilot Activity

Now 22% overvalued

First quarter 2024 earnings released: US$0.37 loss per share (vs US$0.35 loss in 1Q 2023)

Varonis Systems, Inc. Provides Earnings Guidance for the Second Quarter of 2024 and Full Year of 2024

Varonis Systems, Inc., Annual General Meeting, Jun 03, 2024

Varonis Systems, Inc. to Report Q1, 2024 Results on May 06, 2024

Varonis Systems, Inc. Debuts Industry's First Cybersecurity Solution for Microsoft 365 Copilot

Now 20% undervalued

Independent Director recently sold US$986k worth of stock

Now 21% undervalued

CFO & COO recently sold US$9.4m worth of stock

Varonis Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024

Full year 2023 earnings released: US$0.93 loss per share (vs US$1.14 loss in FY 2022)

Varonis Systems, Inc. Introduces Managed Data Detection and Response Offering

Varonis Systems, Inc. to Report Q4, 2023 Results on Feb 05, 2024

Varonis Systems, Inc. Adds Generative AI Capabilities to Leading Data Security Platform with Launch of Athena AI

Varonis Systems, Inc. Expands Microsoft Exchange Online Protection to Prevent Sensitive Email Exposure

Executive VP of Engineering & CTO recently sold US$5.0m worth of stock

Third quarter 2023 earnings released: US$0.21 loss per share (vs US$0.26 loss in 3Q 2022)

Varonis Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023

Varonis Systems, Inc. to Report Q3, 2023 Results on Oct 30, 2023

New minor risk - Insider selling

Executive VP of Engineering & CTO recently sold US$1.0m worth of stock

Second quarter 2023 earnings released: US$0.35 loss per share (vs US$0.33 loss in 2Q 2022)

Varonis Systems, Inc. Provides Revenue Guidance for the Third Quarter and Full Year 2023

Varonis Systems, Inc. to Report Q2, 2023 Results on Jul 31, 2023

Co-Founder recently bought US$150k worth of stock

First quarter 2023 earnings released: US$0.35 loss per share (vs US$0.45 loss in 1Q 2022)

Full year 2022 earnings released: US$1.14 loss per share (vs US$1.11 loss in FY 2021)

Varonis Systems, Inc. Provides Financial Guidance for the First Quarter and Full Year of 2023

Varonis Systems, Inc. Introduces Least Privilege Automation for Microsoft 365, Google Drive, and Box

Varonis Systems, Inc. to Report Q4, 2022 Results on Feb 06, 2023

CFO & COO recently bought US$500k worth of stock

Insider recently bought US$1.0m worth of stock

Insider recently bought US$1.0m worth of stock

Third quarter 2022 earnings released: US$0.26 loss per share (vs US$0.22 loss in 3Q 2021)

Now 34% undervalued after recent price drop

Varonis Systems, Inc. Provides Earnings Guidance for the Fourth Quarter of 2022

Varonis Systems, Inc. to Report Q3, 2022 Results on Oct 31, 2022

Varonis Systems, Inc. Adds Secrets Discovery to Industry-Leading Data Classification Solution

Varonis Systems, Inc. Unveils One-Click Permissions Comparison and Analysis for Salesforce

Second quarter 2022 earnings released: US$0.33 loss per share (vs US$0.31 loss in 2Q 2021)

Varonis Systems, Inc. Provides Revenue Guidance for the Third Quarter and Full Year of 2022

Varonis Systems, Inc. to Report Q2, 2022 Results on Aug 01, 2022

Varonis Systems, Inc.(NasdaqGS:VRNS) dropped from Russell 2000 Growth-Defensive Index

Varonis Systems, Inc. Strengthens Cloud Security Offering with Data Discovery and Classification for Amazon S3

Insider recently sold US$295k worth of stock

Varonis Systems, Inc. Announces Appointment of Country Executives

Independent Director recently bought US$72k worth of stock

First quarter 2022 earnings released: US$0.45 loss per share (vs US$0.36 loss in 1Q 2021)

Varonis Systems, Inc. Provides Earnings Guidance Second Quarter of 2022

Varonis Systems, Inc. Announces Trailblazing Features for Securing Sensitive Data in Salesforce