Similarweb Ltd. adopted an amended Compensation Policy for Executive Officers and Directors, aligning pay with company performance and shareholder value over a three-year term.
Key takeaways
Policy applies to compensation agreements approved after adoption, effective for three years unless amended.
Balances fixed (base salary, benefits) and variable (cash bonuses, equity) compensation, with variable not exceeding 95% of total package.
Target annual cash bonus for non-CEO executives capped at 100% of base salary; maximum at 200%.
Base salary set competitively against peer group in technology sector.
Equity-based compensation and cash bonuses tied to company financial, operational, and individual performance metrics.
Examined inter-company compensation ratio to avoid negative impact on work relations.