G City Management

Management criteria checks 3/4

G City's CEO is Chaim Katzman, appointed in Feb 2018, has a tenure of 6.33 years. total yearly compensation is ₪5.60M, comprised of 60.6% salary and 39.4% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth ₪3.86M. The average tenure of the management team and the board of directors is 6.7 years and 5.4 years respectively.

Key information

Chaim Katzman

Chief executive officer

₪5.6m

Total compensation

CEO salary percentage	60.6%
CEO tenure	6.3yrs
CEO ownership	0.2%
Management average tenure	6.7yrs
Board average tenure	5.4yrs

Recent management updates

We Think G City Ltd's (TLV:GCT) CEO Compensation Package Needs To Be Put Under A Microscope

Nov 27

Recent updates

G City (TLV:GCT) Seems To Be Using A Lot Of Debt

May 23

We Think G City Ltd's (TLV:GCT) CEO Compensation Package Needs To Be Put Under A Microscope

Nov 27

G City Ltd (TLV:GCT) May Have Run Too Fast Too Soon With Recent 25% Price Plummet

May 27

These 4 Measures Indicate That Gazit Globe (TLV:GZT) Is Using Debt In A Risky Way

Oct 17

Why Gazit Globe's (TLV:GZT) Earnings Are Better Than They Seem

Jun 09

Here's Why Gazit Globe (TLV:GZT) Is Weighed Down By Its Debt Load

May 03

Reflecting on Gazit Globe's (TLV:GZT) Share Price Returns Over The Last Five Years

Mar 13

Is Gazit Globe Ltd's (TLV:GZT) 6.0% Dividend Worth Your Time?

Feb 14

CEO Compensation Analysis

How has Chaim Katzman's remuneration changed compared to G City's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-₪771m
Dec 31 2023	n/a	n/a	-₪1b
Sep 30 2023	n/a	n/a	-₪2b
Jun 30 2023	n/a	n/a	-₪1b
Mar 31 2023	n/a	n/a	-₪2b
Dec 31 2022	₪6m	₪3m	-₪1b
Sep 30 2022	n/a	n/a	-₪91m
Jun 30 2022	n/a	n/a	₪132m
Mar 31 2022	n/a	n/a	₪188m
Dec 31 2021	₪6m	₪2m	₪646m
Sep 30 2021	n/a	n/a	₪163m
Jun 30 2021	n/a	n/a	-₪21m
Mar 31 2021	n/a	n/a	₪102m
Dec 31 2020	₪6m	₪3m	-₪653m
Sep 30 2020	n/a	n/a	-₪268m
Jun 30 2020	n/a	n/a	₪183m
Mar 31 2020	n/a	n/a	-₪5m
Dec 31 2019	₪6m	₪3m	₪655m
Sep 30 2019	n/a	n/a	₪593m
Jun 30 2019	n/a	n/a	₪120m
Mar 31 2019	n/a	n/a	₪275m
Dec 31 2018	₪6m	₪3m	-₪253m
Sep 30 2018	n/a	n/a	₪170m
Jun 30 2018	n/a	n/a	-₪16m
Mar 31 2018	n/a	n/a	₪283m
Dec 31 2017	₪4m	₪670k	₪774m

Compensation vs Market: Chaim's total compensation ($USD1.51M) is above average for companies of similar size in the IL market ($USD840.39K).

Compensation vs Earnings: Chaim's compensation has been consistent with company performance over the past year.

CEO

Chaim Katzman (75 yo)

6.3yrs

Tenure

₪5,600,000

Compensation

Mr. Chaim K. Katzman is Founder of G City Ltd (formerly known as Gazit-Globe Ltd.) and has been its Chief Executive Officer and Vice Chairman since February 1, 2018. He has been Director at Gazit Globe Ltd...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Chaim Katzman	Founder	6.3yrs	₪5.60m	0.22% ₪ 3.9m
Rianne Lee	CFO of ATR	no data	₪8.44m	no data
Rami Vaisenberger	VP & Controller	13.2yrs	₪3.40m	0.073% ₪ 1.3m
Liad Barzilai	CEO of ATR	no data	₪12.04m	no data
Zvi Gordon	Chief Executive Officer of Gazit Horizons	less than a year	₪1.97m	0.036% ₪ 639.7k
Jeffrey Mooallem	CEO & President of Gazit Horizons	7.1yrs	₪7.64m	0.19% ₪ 3.4m
Scott Ball	Chief Executive Officer of CTY	5.4yrs	₪15.54m	no data
Gil Kotler	Chief Financial Officer	1.4yrs	₪6.21m	no data
Keren Kalifa	COO & CEO of Israel Real Estate Division	less than a year	no data	no data
Doron Lavi Segelson	Senior Analyst & Head of Investor Relations	7.1yrs	no data	no data
Revital Kahlon	VP, Legal Counsel & Company Secretary	9yrs	no data	0.011% ₪ 190.5k
Shiri Barkay	VP & Head of Economics Department	19.4yrs	no data	no data

6.7yrs

Average Tenure

51yo

Average Age

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Chaim Katzman	Founder	29.1yrs	₪5.60m	0.22% ₪ 3.9m
Zehavit Cohen	Independent Director	8.3yrs	₪302.00k	0.0024% ₪ 43.1k
Ehud Arnon	Chairman of the Board	6.3yrs	₪265.00k	0.014% ₪ 246.5k
Shmuel Hauser	Independent External Director	5.4yrs	₪291.00k	0.0024% ₪ 43.1k
Aviad Armoni	Independent Director	4.1yrs	₪285.00k	0.0016% ₪ 27.8k
Limor Gutman	Independent External Director	5.4yrs	₪289.00k	0.0024% ₪ 43.1k
Modi Kingsberg	Independent Director	2.4yrs	₪271.00k	0.00026% ₪ 4.6k

5.4yrs

Average Tenure

69yo

Average Age

Experienced Board: GCT's board of directors are considered experienced (5.4 years average tenure).

G City Management

Management criteria checks 3/4

Key information

Recent management updates

We Think G City Ltd's (TLV:GCT) CEO Compensation Package Needs To Be Put Under A Microscope

G City Ltd, Annual General Meeting, Dec 03, 2023

G City Ltd, Annual General Meeting, Dec 03, 2023

Insufficient new directors

Recent updates

First quarter 2024 earnings released: ₪0.42 loss per share (vs ₪2.98 loss in 1Q 2023)

G City Ltd to Report Q1, 2024 Results on May 28, 2024

G City (TLV:GCT) Seems To Be Using A Lot Of Debt

Full year 2023 earnings released: ₪6.79 loss per share (vs ₪8.15 loss in FY 2022)

G City Ltd to Report Q4, 2023 Results on Mar 31, 2024

New minor risk - Shareholder dilution

New minor risk - Share price stability

We Think G City Ltd's (TLV:GCT) CEO Compensation Package Needs To Be Put Under A Microscope

Third quarter 2023 earnings released: ₪2.28 loss per share (vs ₪0.098 loss in 3Q 2022)

G City Ltd to Report Q3, 2023 Results on Nov 19, 2023

G City Ltd, Annual General Meeting, Dec 03, 2023

G City Ltd, Annual General Meeting, Dec 03, 2023

Second quarter 2023 earnings released: ₪0.01 loss per share (vs ₪0.45 loss in 2Q 2022)

Is G City (TLV:GCT) Using Too Much Debt?

Insufficient new directors

First quarter 2023 earnings released: ₪2.98 loss per share (vs ₪2.03 loss in 1Q 2022)

Full year 2022 earnings released: ₪8.15 loss per share (vs ₪4.26 profit in FY 2021)

G City Ltd announced that it expects to receive ILS 45.6663 million in funding from Norstar Israel Ltd.

G City Ltd announced that it expects to receive ILS 150.8754 million in funding from Migdal Insurance Company Ltd., The Phoenix Holdings Ltd., Moore Investments Ltd, Menora Mivtachim Holdings Ltd, Norstar Holdings Inc., Aurora Capital Partners

G City Ltd announced that it expects to receive ILS 150.8754 million in funding from Migdal Insurance Company Ltd., The Phoenix Holdings Ltd., Moore Investments Ltd, Menora Mivtachim Holdings Ltd, Norstar Holdings Inc., Aurora Capital Partners

Price target decreased to ₪24.00

Upcoming dividend of ₪0.32 per share

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

G City Ltd to Report Q3, 2022 Results on Nov 16, 2022

Is G City (TLV:GCT) Using Too Much Debt?

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

G City Ltd(TASE:GCT) dropped from FTSE All-World Index (USD)

Now 21% undervalued after recent price drop

Upcoming dividend of ₪0.32 per share

G City Ltd to Report Q2, 2022 Results on Aug 22, 2022

Second quarter 2022 earnings released: ₪0.45 loss per share (vs ₪0.12 loss in 2Q 2021)

Investor sentiment improved over the past week

G City (TLV:GCT) Seems To Be Using A Lot Of Debt

Investor sentiment deteriorated over the past week

Upcoming dividend of ₪0.32 per share

G City Ltd (TLV:GCT) May Have Run Too Fast Too Soon With Recent 25% Price Plummet

First quarter 2022 earnings released: ₪2.00 loss per share (vs ₪0.91 profit in 1Q 2021)

Investor sentiment deteriorated over the past week

Price target increased to ₪32.00

Upcoming dividend of ₪0.32 per share

Investor sentiment improved over the past week

Upcoming dividend of ₪0.30 per share

Third quarter 2021 earnings released: EPS ₪1.36 (vs ₪0.15 in 3Q 2020)

These 4 Measures Indicate That Gazit Globe (TLV:GZT) Is Using Debt In A Risky Way

Upcoming dividend of ₪0.30 per share

Second quarter 2021 earnings released: ₪0.12 loss per share (vs ₪0.59 profit in 2Q 2020)

Why Gazit Globe's (TLV:GZT) Earnings Are Better Than They Seem

First quarter 2021 earnings released: EPS ₪0.91 (vs ₪3.36 loss in 1Q 2020)

Upcoming dividend of ₪0.30 per share

Here's Why Gazit Globe (TLV:GZT) Is Weighed Down By Its Debt Load

Full year 2020 earnings released: ₪3.91 loss per share (vs ₪3.54 profit in FY 2019)

Upcoming dividend of ₪0.30 per share

New 90-day high: ₪21.75

Reflecting on Gazit Globe's (TLV:GZT) Share Price Returns Over The Last Five Years

Gazit Globe Ltd to Report Q4, 2020 Results on Mar 22, 2021

Is Gazit Globe Ltd's (TLV:GZT) 6.0% Dividend Worth Your Time?

Price target raised to ₪25.00

Menora Mivtachim Insurance Ltd. entered into a binding agreement to acquire 12% stake in Atrium European Real Estate Limited (WBAG:ATRS) from Gazit Globe Ltd (TASE:GZT) for €150 million.

Gazit Globe Ltd to Report Q2, 2020 Results on Aug 20, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age