Nimrod Nehushtan
About Nimrod Nehushtan
Executive Vice President, Business Development & Strategy and Co-Manager of REM since 2023; age 35; joined Mobileye in 2017 after engineering roles at Israel Aerospace Industries; B.Sc. in Mechanical Engineering from Tel Aviv University . Mobileye’s cumulative TSR was -30.86% from October 26, 2022 through December 28, 2024; 2024 net loss was $3,090 million primarily due to a $2,613 million after-tax goodwill impairment; the company does not use financial performance measures to link executive compensation “actually paid” to performance . His compensation is primarily base salary plus time-based RSUs; Mobileye did not grant performance-based awards to NEOs in 2024 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Mobileye | Joined as Project Manager | February 5, 2017 | Entry into product/BD pipeline; foundation for later REM leadership |
| Mobileye | Co-General Manager, REM™ division | — | Oversaw product development and led business operations and growth |
| Mobileye | Senior Vice President, BD & Strategy | — | Advanced commercial strategy and partnerships; co-managed REM |
| Mobileye | Executive Vice President, BD & Strategy; Co-Manager REM | Since 2023 | Executive leadership over BD/strategy and REM monetization |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Israel Aerospace Industries | Engineer | Prior to 2017 | Engineering expertise relevant to automotive and sensing domains |
Fixed Compensation
| Item | 2024 | 2023 | Notes |
|---|---|---|---|
| Base Salary ($) | $273,612 | $220,844 | 26% increase in July 2024 targeted to median peer range after CAP analysis |
| Annual Cash Bonus | Not offered | Not offered | Company does not provide regular cash bonuses to NEOs |
| Pension & Severance Contributions ($) | $40,959 | — | Israeli law benefits; employer contributes ~8.33% severance, 6.5% pension (employee 6%) |
| Advanced Study Fund ($) | $16,559 | — | Israeli tax-advantaged savings (7.5% employer; 2.5% employee of “gross salary”) |
| Patent Cash Award ($) | $22 | — | Standard recognition |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| None (no PSUs granted to NEOs in 2024) | n/a | n/a | n/a | n/a | n/a |
Additional context: Mobileye states it does not use financial performance measures to link “compensation actually paid” to company performance for PvP disclosures .
Equity Ownership & Alignment
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Beneficial Ownership
- Shares owned directly/beneficially: 76,570; less than 1% of class .
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Outstanding Equity Awards and Vesting | Grant Date | Award Type | Units | Vesting Schedule | |---|---|---|---| | Oct 26, 2022 | MBLY RSUs | 31,814 | 33% on Apr 26, 2023; 33% on Jun 26, 2024; 34% on Jun 26, 2025 | | Jul 10, 2023 | MBLY RSUs | 22,223 | 40% on Jul 10, 2024; 30% on Jul 10, 2025; 30% on Jul 10, 2026 | | Jul 10, 2024 | MBLY RSUs | 54,565 | 40% on Jul 10, 2025; 30% on Jul 10, 2026; 30% on Jul 10, 2027 |
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2024 Stock Vested | Stock | Shares Vested | Value Realized ($) | |---|---|---| | MBLY | 45,692 | $1,265,490 | | INTC | 1,744 | $39,406 |
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Options
- None of the NEOs currently hold Mobileye or Intel options .
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Hedging/Pledging Policy
- Prohibits short sales, options/derivatives on Mobileye stock, and hedging transactions; with some exceptions, margin accounts and pledging Mobileye stock are prohibited for directors and officers .
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Ownership Guidelines
- Not disclosed.
Employment Terms
| Term | Detail |
|---|---|
| Employment start date | February 5, 2017 |
| Current role start | EVP BD & Strategy; Co-Manager REM since 2023 |
| Contract term | Governed by Israeli law; agreement sets monthly base salary and benefits |
| Non-compete / Non-solicit | 12 months post-termination |
| Notice period | 30 days or pay in lieu |
| Severance | Israeli Severance Pay Law: Accrued Severance plus Supplement Israeli Severance Payment if needed |
| Clawback | Mobileye Compensation Recoupment Policy for restatements over prior 3 years of incentive pay |
| Change-in-control | Specific enhanced terms apply to CEO only; not applicable to non-CEO NEOs |
- Potential Payments (as of Dec 28, 2024 scenario analysis): | Scenario | Amount ($) | |---|---| | Termination without cause | $194,085 | | Resignation | $90,886 | | Death or disablement | $2,369,383 (includes full RSU acceleration, option exercise rights per policy) | | Deemed dismissal | $194,085 | | Change in control | N/A for non-CEO |
Investment Implications
- Pay-for-performance alignment: Structure emphasizes time-based RSUs and fixed salary; there were no 2024 performance-based awards, and Mobileye does not link “compensation actually paid” to financial measures in PvP disclosures—reducing direct incentive linkage to TSR/revenue/EBITDA outcomes .
- Vesting calendar and potential selling pressure: Material tranches vest in mid-2025, 2026, and 2027 (e.g., 40% of 54,565 RSUs on July 10, 2025; remaining 2023/2022 grants on June/July 2025–2026), creating regular equity supply events that can correlate with 10b5-1 sales plans, though actual sales depend on insider policies and personal decisions .
- Ownership alignment and risk controls: Beneficial ownership is modest (76,570 shares, <1%), but anti-hedging/pledging policies and clawback provisions strengthen governance and reduce misalignment risk .
- Retention risk: Israeli severance regime and 12-month non-compete/non-solicit provide retention disincentives; non-CEO termination without cause does not accelerate RSUs, enhancing retention through continued service requirements. Death/disablement accelerates RSUs, but voluntary resignation yields limited cash, indicating moderate retention incentives .
- Execution risk in remit area: REM and AMaaS strategies depend on OEM data cooperation and third-party deployment effectiveness; lapses could impact outcomes within Nehushtan’s scope (RoadBook and AMaaS dependencies) .
SAY-ON-PAY CONTEXT: Company say-on-pay support was 99.3% in 2024 and 99.8% in 2023, suggesting broad shareholder acceptance of the equity-heavy program (company-level signal) .