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Guy Bernstein received $1.5M in total compensation as Chief Executive Officer and Director of MAGIC SOFTWARE ENTERPRISES LTD in FY2024. The largest component was $400K in base salary. That’s down 10% from FY2023. Source: SEC 20-F.
In fiscal year 2024, Guy Bernstein, Chief Executive Officer and Director 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 10% from $1.7 million to $1.5 million.
MAGIC SOFTWARE ENTERPRISES LTD's top 8 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 and Director) with total compensation of $1.5 million, Yakov Tsaroya (Chief Executive Officer of Coretech Consulting Services) with total compensation of $1.5 million, Idan Faingold (Chief Executive Officer of CommIT 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, Hanan Shahaf (Chief Executive Officer of Roshtov Software Industries Ltd) with total compensation of $603K, Yael Ilan (Chief Executive Officer of Complete Business Solutions) with total compensation of $0, Arik Faingold (President, Integration Solutions division) with total compensation of $1.1 million, and Arik Kilman (Chairman, Software Group) with total compensation of $603K.
Chief Executive Officer and Director
99% cash · 1% other
Based on 20-F filed 2025-05-15 · FY2024
Team view
8 executives
Chief Executive Officer and Director
Total PayFY2024
$1.5M
Chief Executive Officer of Coretech Consulting Services
Total PayFY2024
$1.5M
Chief Executive Officer of CommIT Technology Solutions Ltd
Total PayFY2024
$1.1M
Chief Executive Officer of Comblack I.T. Ltd.
Total PayFY2024
$669K
Chief Executive Officer of Roshtov Software Industries Ltd
Total PayFY2024
$603K
Chief Executive Officer of Complete Business Solutions
Total PayFY2024
$0
President, Integration Solutions division
Total PayFY2024
$1.1M
Chairman, Software Group
Total PayFY2024
$603K
FY2024 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)
We need at least two years of pay and stock data to show the trend.
Pay changes vs. stock performance
Recent insider trades by officers and directors
For 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 and Director | $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 | $0.10M | $1.67M |
| 2022 | Guy Bernstein Chief Executive Officer and Director | $0.00M | $0.15M | $1.43M | $0.00M | $0.00M | $1.57M |
| 2021 | Guy Bernstein Chief Executive Officer and Director | $0.28M | $0.42M | $0.96M | $0.00M | $0.00M | $1.65M |
| 2020 | Guy Bernstein Chief Executive Officer and Director | $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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