Prashkovsky Holdings Shareholders Approve New Three-Year Executive Pay Package
Prashkovsky Holdings shareholders approved a three-year compensation package for executives Yossi and Sharon Prashkovsky, setting their monthly gross salary at ₪162,000 alongside performance bonuses.
Prashkovsky Holdings shareholders have officially approved a renewed three-year compensation policy for company executives during a general meeting, securing continued leadership under controlling shareholders Yossi and Sharon Prashkovsky. Yossi serves as Chairman of the Board, while Sharon holds the position of CEO.
In addition to the controlling brothers, the approved policy covers employment terms for several family members active within the enterprise. These include Chaim Kardi, the son-in-law, who serves as a director and CEO of Prashkovsky Meniot; Susi Prashkovsky, the CEO's wife and Vice President of Marketing; and Edna Prashkovsky, wife of the company president Arnon and mother of Yossi and Sharon, who works as the chief project designer.
Executive Salaries and Perks
The monthly gross salary for both Yossi and Sharon Prashkovsky has been set at ₪162,000, linked to the consumer price index from July 2026. This reflects an upward adjustment from their previous salary of ₪150,000, which was linked to the July 2023 index. Their compensation will be adjusted quarterly strictly in accordance with index fluctuations.
Calculated annually, the base gross salary for each brother will reach approximately ₪1.944 million. Furthermore, each executive is entitled to a fixed net monthly allowance of ₪8,000 (roughly ₪96,000 annually) for business and vehicle expense reimbursements, full social benefits, a company mobile phone with full tax gross-up, and an increased annual vacation quota of 36 days.
Annual Performance Bonuses
Alongside the fixed compensation components, the package incorporates an annual bonus mechanism tied to the company's total pre-tax profit, excluding unrealized real estate revaluation gains aside from residential rental properties. The bonus will only trigger if annual net profits surpass a predetermined profit floor of ₪65 million.
"The annual bonus for each manager will under no circumstances exceed ₪1.5 million per year, capping the maximum cash compensation layout." - Prashkovsky Holdings Policy
For profits ranging between ₪65 million and ₪110 million, executives will receive a bonus equal to 2% of the surplus. For profits exceeding ₪110 million, an additional bonus of 3% will be applied to the remaining balance. Consequently, the maximum annual cash cost for each controlling shareholder can reach up to ₪3.444 million, excluding secondary benefits and net expense reimbursements.
