We Think Some Shareholders May Hesitate To Increase The Tel-Aviv Stock Exchange Ltd.'s (TLV:TASE) CEO Compensation

Key Insights

• Tel-Aviv Stock Exchange to hold its Annual General Meeting on 10th of April
• CEO Ittai Ben-Zeev's total compensation includes salary of ₪4.78m
• The overall pay is 320% above the industry average
• Over the past three years, Tel-Aviv Stock Exchange's EPS grew by 35% and over the past three years, the total shareholder return was 223%

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CEO Ittai Ben-Zeev has done a decent job of delivering relatively good performance at The Tel-Aviv Stock Exchange Ltd. (TLV:TASE) recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 10th of April. However, some shareholders will still be cautious of paying the CEO excessively.

See our latest analysis for Tel-Aviv Stock Exchange

Comparing The Tel-Aviv Stock Exchange Ltd.'s CEO Compensation With The Industry

According to our data, The Tel-Aviv Stock Exchange Ltd. has a market capitalization of ₪4.0b, and paid its CEO total annual compensation worth ₪6.1m over the year to December 2024. That is, the compensation was roughly the same as last year. Notably, the salary which is ₪4.78m, represents most of the total compensation being paid.

On comparing similar companies from the Israel Capital Markets industry with market caps ranging from ₪1.5b to ₪5.9b, we found that the median CEO total compensation was ₪1.5m. Accordingly, our analysis reveals that The Tel-Aviv Stock Exchange Ltd. pays Ittai Ben-Zeev north of the industry median.

Component	2024	2023	Proportion (2024)
Salary	₪4.8m	₪4.6m	78%
Other	₪1.3m	₪1.6m	22%
Total Compensation	₪6.1m	₪6.2m	100%

On an industry level, around 80% of total compensation represents salary and 20% is other remuneration. Tel-Aviv Stock Exchange is largely mirroring the industry average when it comes to the share a salary enjoys in overall compensation. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.

The Tel-Aviv Stock Exchange Ltd.'s Growth

The Tel-Aviv Stock Exchange Ltd. has seen its earnings per share (EPS) increase by 35% a year over the past three years. Its revenue is up 12% over the last year.

This demonstrates that the company has been improving recently and is good news for the shareholders. This sort of respectable year-on-year revenue growth is often seen at a healthy, growing business. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.

Has The Tel-Aviv Stock Exchange Ltd. Been A Good Investment?

Most shareholders would probably be pleased with The Tel-Aviv Stock Exchange Ltd. for providing a total return of 223% over three years. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

In Summary...

The company's decent performance might have made most shareholders happy, possibly making CEO remuneration the least of the concerns to be discussed in the upcoming AGM. Still, not all shareholders might be in favor of a pay raise to the CEO, seeing that they are already being paid higher than the industry.

Shareholders may want to check for free if Tel-Aviv Stock Exchange insiders are buying or selling shares.

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.