Yaron Altit
About Yaron Altit
Yaron Altit is Executive Vice President, International Sales at Actelis Networks (ASNS), overseeing customer-facing functions across EMEA and APAC, including sales, customer support, pre‑sale engineering, business development, and regional marketing . He is 55 years old as of the 2025 proxy and has served in this role since June 2017, following a period of self-employment from 2013–2017; he studied towards a B.A. in Economics and Accounting at Ramat Gan College . Actelis is an emerging growth and smaller reporting company, which uses reduced executive compensation disclosures; TSR and executive-level performance metrics are not disclosed in the filings cited here .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Actelis Networks | Executive Vice President, International Sales | Since June 2017 | Leads sales and customer-facing functions across EMEA & APAC |
| Self-employed | Consultant/Entrepreneur | 2013–2017 | Independent commercial activities (not further specified) |
| Schema | General Manager, EMEA Business Unit | Not disclosed | Led Sales, Customer Support, Business Development in EMEA |
| Mindspeed Technologies | Senior sales management roles | Not disclosed | Top sales roles in telecom/datacom |
| T‑Soft (now Cramer Systems, Amdocs OSS division) | European and International Sales | Not disclosed | OSS sales leadership across Europe/International |
External Roles
No external public company directorships or committee roles for Altit are disclosed in the cited filings .
Fixed Compensation
| Metric (USD) | 2022 | 2023 |
|---|---|---|
| Base Salary | $121,850 | $132,381 |
| Bonus | $82,865 | $62,790 |
| Stock Awards (Grant-date Fair Value) | $3,840 | $11,760 |
| Option Awards | — | — |
| All Other Compensation | $20,885 | $21,584 |
| Total Compensation | $229,440 | $228,515 |
Note: In April 2023, the Company approved increasing Altit’s monthly salary to NIS 42,000 effective March 1, 2023, and a grant of 4,000 RSUs pending board approval .
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Annual cash bonus | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Paid $62,790 in 2023 | Not disclosed |
| RSUs (annual grants) | Time-based | Not disclosed | Not disclosed | Not disclosed | $11,760 (2023 grant fair value) | Not disclosed |
| Options | Time-based | Not disclosed | Not disclosed | Not disclosed | — | Vests per grant terms (see below) |
Equity Award Detail (as of 12/31/2023)
| Award Type | Quantity/Status | Exercise Price | Expiration | Market/Value |
|---|---|---|---|---|
| Options (exercisable) | 5,255 | $1.058 | 06/08/2027 | — |
| Options (exercisable) | 5,445 | $1.058 | 05/08/2028 | — |
| RSUs (unearned/unvested) | 533 | — | — | $597 |
| RSUs (pending board approval) | 4,000 | — | — | $4,480 |
Company-wide context: In Q3 2025, the Board terminated the 2015 plan and shareholders approved the 2025 Equity Incentive Plan authorizing up to 1.8 million shares for options/RSUs; 1,732,500 RSUs were granted in the quarter with 3-year vesting, and total RSUs outstanding were 1,743,073 with ~$1,036k unrecognized cost and ~3-year weighted average recognition period .
Equity Ownership & Alignment
| Date (as of) | Common Shares | Options/RSUs Included in Beneficial Ownership | Total Beneficial Ownership | Ownership % |
|---|---|---|---|---|
| June 11, 2024 | — | — | — | — |
| June 13, 2025 | 1,867 common | 2,933 options exercisable | 4,800 | * (less than 1%) |
- No disclosure of pledged or hedged shares for Altit in the cited filings .
- Ownership guidelines and compliance status are not disclosed for executives in the cited filings .
Employment Terms
- Employment agreement: At-will; entered June 19, 2017 and remains in effect .
- Compensation adjustment: Approved monthly salary of NIS 42,000 effective March 1, 2023; 4,000 RSUs pending board approval .
- Notice/termination: Either party may terminate with 90 days’ written notice; company may terminate without notice for “good cause” as defined in the agreement .
- Covenants: Executive agreements include customary noncompetition, confidentiality, and assignment-of-inventions provisions; enforceability of noncompete may be limited under applicable law .
- Severance and change‑of‑control economics: Not disclosed for Altit in cited filings .
Investment Implications
- Pay-for-performance alignment is modest: Altit’s compensation mix skews toward fixed cash (salary + bonus) with relatively small equity grants; 2023 total was $228,515 with stock awards of $11,760 and no option grant value reported, which limits direct long-term alignment .
- Retention risk appears moderate: At-will employment with a 90-day notice and no disclosed severance or change-of-control multiples may reduce stickiness relative to peers; however, ongoing role since 2017 and regional leadership responsibilities suggest institutional knowledge value .
- Insider selling pressure likely limited: Beneficial ownership was 4,800 shares as of June 13, 2025 (less than 1% of outstanding), including 2,933 options currently exercisable; holdings are small versus company float, suggesting limited direct selling pressure from Altit specifically .
- Equity plan changes could increase future equity incentives: The 2025 Equity Incentive Plan and large company-wide RSU issuance in Q3 2025 indicate increased use of time‑based equity, which may shift compensation mix toward equity and improve alignment over time; vesting is over 3 years .
- Governance and red flags: No pledging/hedging or related‑party transactions disclosed for Altit; performance metrics tied to Altit’s incentive pay are not disclosed, and as an emerging growth/smaller reporting company, the firm provides reduced compensation detail .