---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-004005"
form_type: "8-K"
ticker: "CEVA"
cik: "0001173489"
company_name: "CEVA INC"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T06:28:56.052972+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CEVA grants $3.2M inducement award to new CEO Amir Panush

## Summary
- Inducement award: 14,541 RSUs, up to 28,354 short-term PSUs, 60,587 long-term PSUs, total grant value $3.2M.
- RSUs vest over 3 years; short-term PSUs vest based on 2023 license revenue and TSR vs S&P and Russell indices.
- Long-term PSUs vest upon achieving any of: non-GAAP EPS CAGR 10%, operating margin 20%, revenue CAGR 10% or $180M, or market cap $1.1B.
- 2023 executive bonus plans for CEO (70% target), CFO/COO (50%), and CCO (commission-based) with revenue, EPS, royalty, and customer targets.

## SEC filing metadata
- accession: 0001437749-23-004005
- form_type: 8-K
- ticker: CEVA
- cik: 0001173489
- company_name: CEVA INC
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173489/000143774923004005/0001437749-23-004005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173489/000143774923004005/ceva20230217_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-004005
- JSON: https://secwatch.observer/filing/0001437749-23-004005.json
- Plain text: https://secwatch.observer/filing/0001437749-23-004005.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.