Palo Alto Networks CEO Nikesh Arora Tops TASE Compensation at $80.3 Million
Palo Alto Networks CEO Nikesh Arora has been named the highest-paid executive on the Tel Aviv Stock Exchange, receiving $80.3 million in compensation for the 2026 fiscal year.
Palo Alto Networks has released its shareholder meeting notice, disclosing executive compensation details that crown CEO Nikesh Arora as the highest-paid executive on the Tel Aviv Stock Exchange. For the 2026 fiscal year ending in July, Arora received total compensation valued at $80.3 million, with equity awards accounting for $75.9 million and an annual base salary of $1.0 million. In the previous 2025 fiscal year, his total compensation package reached $99.7 million.
By comparison, top earners on the local exchange in 2025 included Formula Systems CEO Guy Bernstein with approximately $29.9 million, Teva Pharmaceutical Industries CEO Richard Francis with $19.2 million, NICE Systems CEO Scott Russell with $12.7 million, and Elbit Systems CEO Bezhalel Machlis with $10.2 million.
Market Presence and Leadership Valuation
Palo Alto Networks, a major US cybersecurity firm, joined the Tel Aviv Stock Exchange following its major acquisition of Israeli firm CyberArk in February. The corporation stands as the largest entity on the local exchange, boasting a market capitalization of 980 billion shekels after previously crossing the one-trillion-shekel threshold.
Arora recently monetized a portion of his Palo Alto holdings through a forward agreement, netting $147 million, though the final share count and proceeds remain subject to future stock price fluctuations.
Upcoming Shareholder Meeting
The annual shareholder meeting is scheduled for December 8, where investors will vote on board director appointments and participate in an advisory vote on executive compensation. Alongside Arora, three other senior executives received compensation packages ranging between $13.8 million and $21.8 million, predominantly consisting of equity-based incentives.
Nir Zuk, the company's founder who served as Chief Technology Officer until his departure in August 2025 at the start of the fiscal year, received compensation valued at $6.4 million, primarily in equity alongside retirement-related payments.
