SolarEdge Technologies DEF 14A: Executive Pay & Performance

TL;DR

SolarEdge's DEF 14A details exec pay adjustments & performance metrics vs. solar ETF.

AI Summary

SolarEdge Technologies, Inc. filed a DEF 14A on April 21, 2025, detailing executive compensation and pay versus performance metrics. The filing includes adjustments made to the Summary Compensation Table to determine "compensation actually paid" for named executive officers in 2024, with specific valuation assumptions for equity awards. The report also references Total Shareholder Return (TSR) calculations based on a $100 investment on December 31, 2019, and compares it to the Invesco Solar ETF index.

Why It Matters

This filing provides transparency into how SolarEdge Technologies compensates its top executives and how that compensation aligns with the company's performance, which can influence investor confidence and executive retention.

Risk Assessment

Risk Level: medium — DEF 14A filings, while routine, can reveal insights into executive compensation structures and performance metrics that may impact investor sentiment and future company strategy.

Key Numbers

• $100 — Initial Investment for TSR (Used to calculate Total Shareholder Return (TSR) starting December 31, 2019.)

Key Players & Entities

• SOLAREDGE TECHNOLOGIES, INC. (company) — Filer
• 0001178913-25-001370 (filing_id) — Accession Number
• 20250421 (date) — Filing Date
• 1419612 (cik) — Central Index Key
• Invesco Solar ETF (company) — Peer Group Index

FAQ

From the Filing

0001178913-25-001370.txt : 20250421 0001178913-25-001370.hdr.sgml : 20250421 20250421140445 ACCESSION NUMBER: 0001178913-25-001370 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 64 CONFORMED PERIOD OF REPORT: 20250421 FILED AS OF DATE: 20250421 DATE AS OF CHANGE: 20250421 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOLAREDGE TECHNOLOGIES, INC. CENTRAL INDEX KEY: 0001419612 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing EIN: 205338862 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-36894 FILM NUMBER: 25852305 BUSINESS ADDRESS: ADDRESS IS A NON US LOCATION: YES STREET 1: 1 HAMADA STREET CITY: HERZILIYA PITUACH PROVINCE COUNTRY: L3 BUSINESS PHONE: 972 (9) 957-6620 MAIL ADDRESS: ADDRESS IS A NON US LOCATION: YES STREET 1: 1 HAMADA STREET CITY: HERZILIYA PITUACH PROVINCE COUNTRY: L3 FORMER COMPANY: FORMER CONFORMED NAME: SolarEdge Technologies Inc DATE OF NAME CHANGE: 20071128 DEF 14A 1 zk2533029.htm DEF 14A SOLAREDGE TECHNOLOGIES, INC. - 1419612 - 2025 false 0001419612 Represents total revenues as reported in our Annual Report on Form 10-K. TSR is determined based on the value of an initial fixed investment of $100 on December 31, 2019. The peer group TSR represents TSR of the Invesco Solar ETF index. SEC rules require certain adjustments be made to the “Summary Compensation Table” totals to determine “compensation actually paid” as reported in the “Pay Versus Performance” table above. The following table details the applicable adjustments that were made to determine “compensation actually paid” (all amounts are averages for the named executive officers other than the CEOs) for 2024. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The dollar amounts represent the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Lando and, for 2024, also excluding Messrs. Faier and Nir) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs included for these purposes (the “Non-PEO NEOs”) are as follows: in 2024, Uri Bechor, Rachel Prishkolnik and Ariel Porat; in 2023, Ronen Faier, Uri Bechor, Rachel Prishkolnik, Yoav Galin and Meir Adest and in 2022, 2021 and 2020, Ronen Faier, Uri Bechor, Rachel Prishkolnik and Yoav Galin. The amounts reported for Mr. Lando, Mr. Faier, and Mr. Nir (our Chief Executive Officers, or “PEOs”) for each corresponding year are the amounts reported in the “Total” column of the Summary Compensation Table. Refer to the Executive Compensation Tables – Summary Compensation Table. DEF 14A 0001419612 4 2024-01-01 2024-12-31 0001419612 3 2024-01-01 2024-12-31 0001419612 2024-01-01 2024-12-31 0001419612 1 2024-01-01 2024-12-31 0001419612 2 2024-01-01 2024-12-31 0001419612 sedg:PrincipalExecutiveOfficerMrNirMember 2024-01-01 2024-12-31 0001419612 sedg:PrincipalExecutiveOfficerMrFaierMember 2024-01-01 2024-12-31 0001419612 sedg:PrincipalExecutiveOfficerMrLandoMember 2024-01-01 2024-12-31 0001419612 2023-01-01 2023-12-31 0001419612 2022-01-01 2022-12-31 0001419612 2021-01-01 2021-12-31 0001419612 2020-01-01 2020-12-31 0001419612 sedg:NonPrincipalExecutiveOfficerAndNonExecutiveOfficerMember 2024-01-01 2024-12-31 0001419612 sedg:ValueOfStockAwardsReportedInSummaryCompensationTableMember sedg:NonPrincipalExecutiveOfficerAndNonExecutiveOfficerMember 2024-01-01 2024-12-31 0001419612 sedg:ValueOfStockAwardsReportedInSummaryCompensationTableMember sedg:PrincipalExecutiveOfficerMrNirMember 2024-01-01 2024-12-31 0001419612 sedg:ValueOfStockAwardsReportedInSummaryCompensationTableMember sedg:PrincipalExecutiveOfficerMrFaierMember 2024-01-01 2024-12-31 0001419612 sedg:ValueOfStockAwardsReportedInSummaryCompensationTableMember