Erez Hershkovitz
About Erez Hershkovitz
Erez Hershkovitz is Playtika’s Vice President and Chief Accounting Officer (principal accounting officer), appointed October 8, 2025; age 41; he is a Certified Public Accountant (Israel) with an MBA from Tel Aviv University and a BA in Accounting from The College of Management Academic Studies . He previously held CFO roles at Au10tix (identity verification) and Voyager Labs (AI investigations), and senior finance roles at Check Point Software Technologies, including Head of Accounting and Taxes; Playtika disclosed no related‑party ties or family relationships and stated no special arrangements in his appointment . Company incentive structures emphasize pay-for-performance with metrics including Retention Plan Adjusted EBITDA (2024 target $875M; actual $850.6M), annual revenue growth (2024 <1%), and 1‑year TSR (targets of 10% threshold, 15% target); Section 16 officers are subject to a Dodd‑Frank clawback policy, and executive officer stock ownership guidelines require 3x base salary within three years (CEO 6x) .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Au10tix Ltd. | Chief Financial Officer | Dec 2022 – Sep 2025 | Led finance for identity verification and risk management platform; principal financial oversight |
| Voyager Labs Ltd. | Chief Financial Officer | Aug 2021 – Oct 2022 | Built finance capabilities for AI-based investigation solutions company |
| Check Point Software Technologies Ltd. | Various finance roles; Head of Accounting and Taxes | Sep 2013 – Aug 2021; Dec 2018 – Aug 2021 (Head) | Led accounting and tax functions at global cybersecurity company |
External Roles
No public company directorships or outside board roles disclosed .
Fixed Compensation
- Playtika disclosed that Hershkovitz is party to an employment agreement with Playtika Ltd.; specific base salary, bonus targets, and perquisites were not disclosed in the appointment 8‑K .
- Company-wide context: For 2025, named executive officers (NEOs) had base salaries reset to market post‑Retention Plan expiration, and annual bonuses aligned to market levels; CEO 2025 base $1.98M; CFO $1.15M; other NEOs $450k–$875k. Hershkovitz was not an NEO in the 2025 proxy; his specific compensation is not disclosed .
Performance Compensation
Company incentive framework (context, not specific to Hershkovitz unless later disclosed):
| Metric | Weighting/Structure | Target | Actual | Payout mechanics | Vesting |
|---|---|---|---|---|---|
| Retention Plan Adjusted EBITDA (Annual Bonus, 2024) | Annual bonus tied to RP Adjusted EBITDA | $875,000,000 (Target); Threshold 90%; Max 110% | $850,600,000 (97.2% of target) | Straight-line between thresholds; NEOs received ~86% of target bonus | Paid after year-end; RP expired 12/31/2024 |
| Annual Revenue Growth (2022 PSUs) | 25% of award per year | Threshold 1% (50%); 3% (75%); ≥5% (100%) | 2024 <1% (0% achievement) | 0% payout for 2024 (except minimum 25 PSUs for certain Israel execs) | Annual determinations |
| 2024 PSUs – Revenue Growth | Up to 33.3% per year | Threshold 1% (50%); Target ≥2% (100%) | — | Linear interpolation; max 100% of award | Annual 2025–2027 |
| 2024 PSUs – Adjusted EBITDA | Up to 33.3% per year | Target set per Committee; only target established | — | If target not met, 0% vests | Annual 2025–2027 |
| 2024 PSUs – 1‑Year TSR | Up to 33.3% per year | Threshold 10% (50%); Target ≥15% (100%) | — | Linear interpolation between achievement levels | Annual 2025–2027 |
Notes:
- Hershkovitz’s specific grants or incentive metrics were not disclosed; as a Section 16 officer, any future equity grants should appear in Forms 3/4/5 .
Equity Ownership & Alignment
| As-of date | Direct shares | Indirect shares | Derivatives (options/RSUs/PSUs) | Ownership % of SO | Pledged | Notes |
|---|---|---|---|---|---|---|
| Oct 17, 2025 (Form 3) | 0 | 0 | 0 | — | Prohibited by company policy | Initial statement filed; no securities beneficially owned; POA filed naming attorneys-in-fact |
Alignment policies:
- Anti-hedging and anti‑pledging: Company prohibits hedging, short sales, derivatives, margin purchases, and pledging of company stock .
- Clawback: Section 16 officers’ incentive compensation subject to mandatory recovery upon accounting restatement per SEC/Nasdaq rules .
- Stock ownership guidelines: Executive officers (other than CEO) must hold stock equal to 3x base salary within three years of becoming subject to the guidelines; unearned performance awards and options do not count .
Employment Terms
| Term | Detail |
|---|---|
| Position | Vice President & Chief Accounting Officer; principal accounting officer |
| Employment agreement | Party to an employment agreement with Playtika Ltd.; specific terms (severance, non‑compete, etc.) not disclosed in 8‑K |
| Related parties | No family relationships; no arrangements or understandings for appointment; no material related‑party transactions under Item 404(a) |
| Clawback applicability | Subject to Section 16 clawback policy for incentive compensation |
| Hedging/pledging | Prohibited under company policy |
Investment Implications
- Alignment and governance: Zero beneficial ownership at appointment reduces immediate insider selling pressure; as a Section 16 officer, any equity grants or transactions will be visible via Form 4 filings, enabling monitoring of future insider activity . Anti‑hedging/anti‑pledging and clawback policies strengthen alignment and risk controls .
- Compensation levers and performance linkage: Playtika’s executive incentive architecture ties payouts to Adjusted EBITDA, revenue growth, and 1‑year TSR—key operating and capital market performance drivers. 2024 results (RP Adjusted EBITDA 97.2% of target; revenue growth <1%) demonstrate formulaic payout sensitivity; expect future CAO incentives, if granted, to align with these metrics .
- Watch items: Look for initial equity grants and Form 4s, bonus plan participation details, and any severance/change‑of‑control terms upon disclosure. Absence of related‑party ties and family relationships reduces governance red flags .