CEVA sets 2022 executive bonus plans with revenue and EPS targets, equity grants for CEO, CFO, COO, and EVP

CEVA INC

Compensation Committee approved 2022 Executive Bonus Plan for CEO Gideon Wertheizer (target 70% of salary, max 110%), CFO Yaniv Arieli and COO Michael Boukaya (each target 50%, max 75%).
EVP Worldwide Sales Issachar Ohana gets 2022 Incentive Bonus Plan with CRT up to $140,000, ART up to $35,000, quarterly bonuses $6,000, and strategic account bonuses capped at $42,000 if CRT unmet.
Time-based RSU grants: 9,935 to Wertheizer, 5,961 to Ohana, 7,451 to Arieli, 5,961 to Boukaya; vest ratably over three years.
Performance-based PSUs granted: 14,903 to Wertheizer, 3,974 to Ohana, 4,969 to Arieli, 3,974 to Boukaya; vest based on 2022 license revenue and relative TSR compared to S&P 500.
Committee approved salary increases for executives: Wertheizer to NIS 143,325/month, Ohana to $307,282/year, Arieli to NIS 88,725/month, Boukaya to NIS 71,560/month.

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