Bezeq seeks to allocate options worth NIS 10 million to two senior executives

Bezeq is requesting to allocate options with a fair value of NIS 10 million to Chairman Tomer Raab and CEO Nir David. The proposal is subject to approval at the shareholders' meeting on December 21. The options will vest in three tranches starting November 2027.

Bezeq, the Israeli telecommunications company, is seeking to allocate options with a total fair value of NIS 10 million to Chairman Tomer Raab and CEO Nir David. The proposal, subject to approval at the shareholders' meeting on December 21, includes the allocation of approximately 2.98 million non-tradable options to Raab with a fair value of NIS 4 million, and approximately 4.46 million options to David with a fair value of NIS 6 million. The options will vest in three tranches, the first in November 2027, at exercise prices of NIS 7.11 and NIS 7.82 per share. The board justifies the allocation by Raab's increased workload to 100% and his strategic contribution, and David's achievements in leading the company to business success and expanding the fiber network. Approval requires a majority of shareholders who are not interested parties, and a limit of up to 2% of total voting rights for opponents.