Barak ElamCEO of the technology company Nice, Received in 2021 benefits at a total cost of $ 20.2 million. The company released this week its expanded report for 2021 detailing the salaries of executives. The report shows that Eilam’s annual base salary was about $ 1 million, the bonus he received amounted to about $ 1.7 million, and the rest is based on capital compensation: $ 10.7 million recognized for capital compensation allocated to Ilam in 2021, and another $ 6.8 million recognized for Capital compensation received in previous years.
Nice Engaged in customer relations and risk management, it is traded simultaneously on the Nasdaq and the Tel Aviv Stock Exchange at a market value of $ 14.3 billion, after a 49% increase in the share price in the last two years but a 28% decrease from the peak recorded last November. Years, and in those years the cost of his rewards amounted to a cumulative $ 76.5 million (about a quarter of a billion shekels), of which $ 60.3 million was a capital reward.
In addition to Elam, four other NICE executives received $ 4.5-6.7 million in total in 2021: Paul German, who runs inContact, Craig Costigan, who runs Actimize, Yaron Hertz, who is president of Nice America, and Barry Cooper, president of WCX at NICE.
According to the expanded report, NICE employed 7,102 employees at the end of the year, an increase of 11.3% compared to the previous year. Of these, about 37% are engaged in customer support and about 32% in research and development. Geographically, 44% of the employees are in America, 35% in Asia-Pacific and 21% in Europe, the Middle East and Africa. Unlike previous years, NICE does not provide information in the report on the number of its employees in Israel; in 2020 the number of employees was 856.
During the past year, NICE employees exercised approximately 232,000 options at an average exercise price of approximately $ 18.4, significantly lower than the average share price in 2021, which was approximately $ 262. The benefit embodied in the exercise of the options amounted to $ 56.5 million. At the end of the year, employees had approximately 376,000 exercisable options at an average exercise price of approximately $ 54.6 while the current share price is approximately $ 227, so the benefit embodied in these options currently amounts to $ 64.6 million. In addition to the options, employees also have blocked shares, and according to the report, the total cost of the blocked shares that have not yet matured and are in the hands of the employees reaches $ 298 million.