Increases to Wesure Global Tech Ltd's (TLV:WESR) CEO Compensation Might Cool off for now

Key Insights

• Wesure Global Tech to hold its Annual General Meeting on 13th of November
• Salary of ₪2.63m is part of CEO Nitzan Zeir Harim's total remuneration
• The overall pay is 144% above the industry average
• Wesure Global Tech's EPS grew by 74% over the past three years while total shareholder return over the past three years was 371%

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CEO Nitzan Zeir Harim has done a decent job of delivering relatively good performance at Wesure Global Tech Ltd (TLV:WESR) recently. This is something shareholders will keep in mind as they cast their votes on company resolutions such as executive remuneration in the upcoming AGM on 13th of November. However, some shareholders may still want to keep CEO compensation within reason.

See our latest analysis for Wesure Global Tech

Comparing Wesure Global Tech Ltd's CEO Compensation With The Industry

At the time of writing, our data shows that Wesure Global Tech Ltd has a market capitalization of ₪1.3b, and reported total annual CEO compensation of ₪2.7m for the year to December 2024. That's a fairly small increase of 6.8% over the previous year. We note that the salary portion, which stands at ₪2.63m constitutes the majority of total compensation received by the CEO.

In comparison with other companies in the Israel Insurance industry with market capitalizations ranging from ₪655m to ₪2.6b, the reported median CEO total compensation was ₪1.1m. Hence, we can conclude that Nitzan Zeir Harim is remunerated higher than the industry median. What's more, Nitzan Zeir Harim holds ₪7.2m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Component	2024	2023	Proportion (2024)
Salary	₪2.6m	₪2.5m	99%
Other	₪30k	-	1%
Total Compensation	₪2.7m	₪2.5m	100%

On an industry level, roughly 86% of total compensation represents salary and 14% is other remuneration. Investors will find it interesting that Wesure Global Tech pays the bulk of its rewards through a traditional salary, instead of non-salary benefits. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.

Wesure Global Tech Ltd's Growth

Wesure Global Tech Ltd has seen its earnings per share (EPS) increase by 74% a year over the past three years. Its revenue is up 30% over the last year.

This demonstrates that the company has been improving recently and is good news for the shareholders. Most shareholders would be pleased to see strong revenue growth combined with EPS growth. This combo suggests a fast growing business. While we don't have analyst forecasts for the company, shareholders might want to examine this detailed historical graph of earnings, revenue and cash flow.

Has Wesure Global Tech Ltd Been A Good Investment?

We think that the total shareholder return of 371%, over three years, would leave most Wesure Global Tech Ltd shareholders smiling. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.

To Conclude...

Wesure Global Tech pays its CEO a majority of compensation through a salary. 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. However, any decision to raise CEO pay might be met with some objections from the shareholders given that the CEO is already paid higher than the industry average.

While it is important to pay attention to CEO remuneration, investors should also consider other elements of the business. That's why we did some digging and identified 1 warning sign for Wesure Global Tech that investors should think about before committing capital to this stock.

Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.

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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.