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Russell C. Ellwanger received $12.7M in total compensation as Chief Executive Officer and Director of TOWER SEMICONDUCTOR LTD in FY2024. The largest component was $9.5M in stock awards. Source: SEC 20-F.
In fiscal year 2024, Russell C. Ellwanger, Chief Executive Officer and Director of TOWER SEMICONDUCTOR LTD (TSEM), received total compensation of $12.7 million.
Russell C. Ellwanger's compensation breakdown includes: base salary of $970K, stock awards valued at $9.5 million, non-equity incentive compensation of $1.6 million, and other compensation of $540K.
TOWER SEMICONDUCTOR LTD's top 5 named executive officers received combined total compensation of $25.4 million in fiscal year 2024.
The named executive officers disclosed in TOWER SEMICONDUCTOR LTD's 2024 proxy statement are:Russell C. Ellwanger (Chief Executive Officer and Director) with total compensation of $12.7 million, Marco Racanelli (President) with total compensation of $4.2 million, Oren Shirazi (Chief Financial Officer, Senior Vice President of Finance) with total compensation of $3.5 million, Rafi Mor (Chief Operating Officer) with total compensation of $2.9 million, and Avi Strum (Chief Technology Officer) with total compensation of $2.2 million.
Source Filing
Executive Record
Russell C. Ellwanger
Chief Executive Officer and Director
Reported Pay
$12.7MSummary compensation table total · FY2024
Findings
Reviewing FY2024 compensation of $12.7M against shareholder return and the latest filing-backed pay disclosures.
Spread between reported pay and stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for TSEM.
Team view
5 executives
Chief Executive Officer and Director
Total PayFY2024
$12.7M
President
Total PayFY2024
$4.2M
Chief Financial Officer, Senior Vice President of Finance
Total PayFY2024
$3.5M
Chief Operating Officer
Total PayFY2024
$2.9M
Chief Technology Officer
Total PayFY2024
$2.2M
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01FY2024 total compensation breakdown
$12.7M total compensation
Russell C. Ellwanger earned $12.7M in FY2024— here's how that breaks down.
$9.5M
75% of total
$1.6M
13% of total
$970.0K
8% of total
$540.0K
4% of total
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 large-cap median compensation benchmark for companies around $24.4B market cap, based on 333 peers in this size band.
03Recent insider trades by officers and directors
~11 trades
04Board composition and compensation for FY2026
This company is expected to file its proxy statement soon.
05Take action on executive compensation
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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 | $0.97M | $1.65M | $9.50M | $0.00M | $0.54M | $12.7M |
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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TOWER SEMICONDUCTOR LTD (TSEM) — Key Facts
Last updated Jul 14, 2026 · 20-F filed Apr 30, 2025
| CEO | Russell C. Ellwanger, Chief Executive Officer and Director |
|---|---|
| Fiscal year | FY2024 |
| Total compensation | $12.7M |
| Base salary | $970K |
| Stock awards | $9.5M |
| Other compensation | $540K |
| Source | 20-F, 2025-04-30 |
Russell C. Ellwanger, the Chief Executive Officer and Director of TOWER SEMICONDUCTOR LTD, received total compensation of $12.7 million in fiscal year 2024. This includes base salary of $970,000 and stock awards valued at $9.5 million.
Russell C. Ellwanger's base salary at TOWER SEMICONDUCTOR LTD is $970,000 per year as of fiscal year 2024. However, total compensation including stock awards, bonuses, and other benefits is $12.7 million.
TOWER SEMICONDUCTOR LTD's CEO, Russell C. Ellwanger, earned $12.7 million in total compensation for fiscal year 2024. The majority of this compensation comes from stock awards ($9.5 million) rather than base salary ($970,000).