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Guy Bernstein received $1.5M in total compensation as Chief Executive Officer of MAGIC SOFTWARE ENTERPRISES LTD in FY2024. The largest component was $400K in base salary. That’s down 23% from FY2023. Source: SEC 20-F.
In fiscal year 2024, Guy Bernstein, Chief Executive Officer of MAGIC SOFTWARE ENTERPRISES LTD (MGIC), received total compensation of $1.5 million.
Guy Bernstein's compensation breakdown includes: base salary of $400K, bonus of $1.1 million, and other compensation of $9K.
Compared to fiscal year 2023, Guy Bernstein's total compensation decreased 23% from $2.0 million to $1.5 million.
MAGIC SOFTWARE ENTERPRISES LTD's top 7 named executive officers received combined total compensation of $7.1 million in fiscal year 2024.
The named executive officers disclosed in MAGIC SOFTWARE ENTERPRISES LTD's 2024 proxy statement are:Guy Bernstein (Chief Executive Officer) with total compensation of $1.5 million, Yakov Tsaroya (Chief Executive Officer of Coretech Consulting Services) with total compensation of $1.5 million, Arik Faingold (President, Integration Solutions division) with total compensation of $1.1 million, Idan Faingold (Chief Executive Officer of Comm IT Technology Solutions Ltd) with total compensation of $1.1 million, Eli Schwartz (Chief Executive Officer of Comblack I.T. Ltd.) with total compensation of $669K, Arik Kilman (Chairman, Software Group) with total compensation of $603K, and Hanan Shahaf (Chief Executive Officer of Roshtov Software Industries Ltd) with total compensation of $603K.
Source Filing
Executive Record
Guy Bernstein
Chief Executive Officer
Reported Pay
$1.5M
Summary compensation table total · FY2024
Findings
Reviewing FY2024 compensation of $1.5M against +21% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed -23%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for MGIC.
Team view
7 executives
Chief Executive Officer
Total PayFY2024
$1.5M
Chief Executive Officer of Coretech Consulting Services
Total PayFY2024
$1.5M
President, Integration Solutions division
Total PayFY2024
$1.1M
Chief Executive Officer of Comm IT Technology Solutions Ltd
Total PayFY2024
$1.1M
Chief Executive Officer of Comblack I.T. Ltd.
Total PayFY2024
$669K
Chairman, Software Group
Total PayFY2024
$603K
Chief Executive Officer of Roshtov Software Industries Ltd
Total PayFY2024
$603K
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01FY2024 total compensation breakdown
$1.5M total compensation
Guy Bernstein earned $1.5M in FY2024 — here's how that breaks down.
$1.1M
73% of total
$400.0K
27% of total
$9.0K
1% of total
Activity timeline · FY2024
Recent events from filings
May 15, 2025
Comm-IT Stock Option – Comm-IT Solutions 2022 Plan (4,028 threshold, Exercise $0.27)
May 15, 2025
Comm-IT Stock Option – Comm-IT Solutions 2022 Plan (116 threshold, Exercise $1,812)
A pay-performance summary will appear here once the verdict loads above.
02Pay changes vs. stock performance
1 year of data
Peer context
Dashed line marks the small-cap median compensation benchmark for companies around $853.3M market cap, based on 21 peers in this size band.
03Recent insider trades by officers and directors
04Board composition and compensation for FY2024
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06For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2024 | Guy Bernstein Chief Executive Officer | $0.40M | $1.10M | $0.00M | $0.00M | $0.01M | $1.51M |
| 2023 | Guy Bernstein Chief Executive Officer and Director | $0.00M | $0.15M | $1.43M | $0.00M | $0.40M | $1.97M |
| 2022 | Guy Bernstein Chief Executive Officer and Director | $0.00M | $0.15M | $1.43M | $0.00M | $0.40M | $1.97M |
| 2021 | Guy Bernstein Chief Executive Officer | $0.28M | $0.42M | $0.96M | $0.00M | $0.00M | $1.65M |
| 2020 | Guy Bernstein Chief Executive Officer | $0.28M | $0.00M | $0.00M | $0.00M | $0.00M | $0.28M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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MAGIC SOFTWARE ENTERPRISES LTD (MGIC) — Key Facts
Last updated Feb 11, 2026 · 20-F filed May 15, 2025
| CEO | Guy Bernstein, Chief Executive Officer |
|---|---|
| Fiscal year | FY2024 |
| Total compensation | $1.5M |
| Base salary | $400K |
| Other compensation | $9K |
| Year-over-year change | -23% |
| Source | 20-F, 2025-05-15 |
Guy Bernstein, the Chief Executive Officer of MAGIC SOFTWARE ENTERPRISES LTD, received total compensation of $1.5 million in fiscal year 2024. This includes base salary of $400,000.
Guy Bernstein's base salary at MAGIC SOFTWARE ENTERPRISES LTD is $400,000 per year as of fiscal year 2024. However, total compensation including stock awards, bonuses, and other benefits is $1.5 million.
MAGIC SOFTWARE ENTERPRISES LTD's CEO, Guy Bernstein, earned $1.5 million in total compensation for fiscal year 2024.