ReWalk Robotics Ltd. Executive Compensation Details
Ticker: LFWD · Form: DEF 14A · Filed: Jul 29, 2024 · CIK: 1607962
| Field | Detail |
|---|---|
| Company | Rewalk Robotics LTD. (LFWD) |
| Form Type | DEF 14A |
| Filed Date | Jul 29, 2024 |
| Risk Level | medium |
| Pages | 17 |
| Reading Time | 20 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, sec-filing, governance
TL;DR
ReWalk Robotics DEF 14A out: Exec pay calculated per Reg S-K, not necessarily what they pocketed. Equity valued by FASB.
AI Summary
ReWalk Robotics Ltd. filed a DEF 14A, detailing executive compensation for its PEO, Larry Jasinski, and Non-PEO NEOs. The filing specifies that the 'Compensation Actually Paid' figures are calculated per Regulation S-K Item 402(v) and may differ from compensation earned or received, with equity values determined by FASB ASC Topic 718.
Why It Matters
This filing provides transparency into how executive compensation is structured and reported, which can influence investor perception and corporate governance.
Risk Assessment
Risk Level: medium — DEF 14A filings are routine disclosures, but the details of executive compensation can sometimes reveal underlying financial health or governance concerns.
Key Players & Entities
- ReWalk Robotics Ltd. (company) — Filer of the DEF 14A
- Larry Jasinski (person) — PEO (Principal Executive Officer) of ReWalk Robotics Ltd.
- Regulation S-K Item 402(v) (legal_document) — Regulation governing compensation disclosure
- FASB ASC Topic 718 (legal_document) — Accounting standard for equity valuation
FAQ
Who is the Principal Executive Officer (PEO) of ReWalk Robotics Ltd. for the years presented?
Larry Jasinski was the PEO for each year presented.
How is 'Compensation Actually Paid' calculated for ReWalk Robotics Ltd. executives?
It is calculated in accordance with Item 402(v) of Regulation S-K, with specific exclusions and inclusions detailed in the filing.
Do the reported 'Compensation Actually Paid' figures reflect compensation actually earned, realized, or received?
No, the filing states that these figures do not reflect compensation actually earned, realized, or received, but are calculated according to specific regulatory guidelines.
How are equity values calculated for compensation reporting at ReWalk Robotics Ltd.?
Equity values are calculated in accordance with FASB ASC Topic 718.
What is the SIC code for ReWalk Robotics Ltd.?
The Standard Industrial Classification (SIC) code for ReWalk Robotics Ltd. is 3842, which pertains to Orthopedic, Prosthetic & Surgical Appliances & Supplies.
Filing Stats: 5,024 words · 20 min read · ~17 pages · Grade level 10.4 · Accepted 2024-07-29 08:48:04
Filing Documents
- zk2431715.htm (DEF 14A) — 948KB
- image0.jpg (GRAPHIC) — 198KB
- image2.jpg (GRAPHIC) — 1339KB
- image3.jpg (GRAPHIC) — 1110KB
- 0001178913-24-002344.txt ( ) — 7896KB
- lfwd-20231231.xsd (EX-101.SCH) — 5KB
- lfwd-20231231_def.xml (EX-101.DEF) — 4KB
- lfwd-20231231_lab.xml (EX-101.LAB) — 9KB
- lfwd-20231231_pre.xml (EX-101.PRE) — 4KB
- zk2431715_htm.xml (XML) — 148KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 20 DIRECTOR COMPENSATION 22 EXECUTIVE OFFICERS 24
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 25 EQUITY COMPENSATION PLAN INFORMATION 35 PROPOSAL 2 — APPROVAL OF THE CHANGE OF THE COMPANY'S NAME TO "LIFEWARD LTD." OR SUCH OTHER SIMILAR NAME AS THE BOARD OF DIRECTORS SHALL DETERMINE AND AS SHALL BE APPROVED BY THE ISRAEL REGISTRAR OF COMPANIES, AND TO REFLECT SUCH NEW NAME IN AN AMENDMENT TO THE COMPANY'S ARTICLES OF ASSOCIATION 36 PROPOSAL 3 — APPROVAL OF THE COMPANY'S 2024 INCENTIVE COMPENSATION PLAN 37 PROPOSAL 4 – APPROVAL OF THE ANNUAL FEES PAYABLE TO THE COMPANY'S CHAIRPERSON OF THE BOARD PROPOSAL 5 – APPROVAL OF A GRANT OF EQUITY AWARDS TO LARRY JASINSKI, OUR CEO 43 44 PROPOSAL 6 – APPROVAL OF CHANGES TO THE TERMS OF THE VARIABLE COMPENSATION OF LARRY JASINSKI, OUR CEO 45 PROPOSAL 7 – APPROVAL OF THE ISSUANCE OF EQUITY COMPENSATION TO RANDEL E. RICHNER, A MEMBER OF THE BOARD, IN CONNECTION WITH THE ADDITIONAL CONSULTING SERVICES PROVIDED BY MS. RICHNER UNDER THE CONSULTING AGREEMENT WITH RICHNER CONSULTANTS, LLC, A DELAWARE COMPANY OWNED BY MS. RICHNER PROPOSAL 8 – REAPPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 46 48 PROPOSAL 9 — NON-BINDING SHAREHOLDER ADVISORY VOTE ON EXECUTIVE COMPENSATION 49 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 51 DELINQUENT SECTION 16(a) REPORTS 53 REVIEW OF THE COMPANY'S FINANCIAL STATEMENTS FOR 2023 54 PROPOSALS OF SHAREHOLDERS AT 2025 ANNUAL MEETING 54 OTHER BUSINESS 54 ADDITIONAL INFORMATION 55 APPENDIX A – 2024 INCENTIVE COMPENSATION PLAN A-1 APPENDIX B – AMENDMENT AND SUPPLEMENT TO CONSULTING AGREEMENT AMONG THE COMPANY, RICHNER CONSULTANTS, LLC AND RANDEL RICHNER B-1 - i - ReWalk Robotics Ltd. 200 Donald Lynch Blvd., Marlborough, MA 01752, U.S.A. Tel: +1 508.251.1154 PROXY STATEMENT This Proxy Statement is being furnished to the holders of ordinary shares, par value NIS 1.75 each, of ReWalk Robotics Ltd. (doing business as "Lifeward") ("we," the "Company", or "ReWalk") in connection with the solicitation of proxi