Check Point CRO receives equity award and tax withholding
Check Point Software Technologies Ltd. reported equity compensation activity for Chief Revenue Officer Sherif Seddik.
Rhea-AI Filing Summary
Check Point Software Technologies Ltd. reported equity compensation activity for Chief Revenue Officer Sherif Seddik. On July 10, 2026, Seddik acquired 6,147 Ordinary Shares upon vesting of Performance Share Units granted on July 10, 2024. On the same date, a total of 2,306 Ordinary Shares were disposed of through tax-withholding transactions at $131.70 per share to satisfy tax obligations related to the PSU and RSU vesting; these were effected under the equity compensation plan and are not discretionary market sales. Following these transactions, Seddik directly holds 34,146 Ordinary Shares, and his holdings include 23,874 Restricted Share Units scheduled to vest between September 2026 and September 2029, each RSU deliverable as one Ordinary Share upon vesting and settlement.
Positive
- None.
Negative
- None.
Filing Explained
On July 10, 2026, performance compensation vested into 6,147 shares, with 23,874 RSUs still scheduled to vest.
The July 13 Form 4 reports that Check Point issued 6,147 ordinary shares to its Chief Revenue Officer when performance share units vested on
Because the filing records shares issued by the issuer, the event can increase the total share count and reduce an existing holder’s percentage ownership absent offsetting changes; the filing does not provide a basis to size that effect.
The A code denotes a grant or award, while the F code denotes shares withheld to cover taxes; the explanations state that the withholding followed equity-plan terms and was not a discretionary sale. The filing also lists 23,874 RSUs scheduled to vest between
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares, NIS 0.01 Per Share F1 | 6,147 | $0.00 | $0.00 |
| Tax Withholding | Ordinary Shares, NIS 0.01 Per Share F2 | 1,536 | $131.70 | $202K |
| Tax Withholding | Ordinary Shares, NIS 0.01 Per Share F3, F4 | 770 | $131.70 | $101K |
Footnotes (4)
- F1. Reflects the issuance to the Reporting Person on July 10, 2026 of 6,147 Ordinary Share of the Issuer upon vesting of the performance criteria of Performance Share Units (PSUs) granted to the Reporting Person on July 10, 2024.
- F2. The shares reported as disposed represent Ordinary Shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of the PSUs. The withholding of the Ordinary Shares was effected pursuant to the terms of the equity compensation plan and does not represent a discretionary sale by the Reporting Person.
- F3. The shares reported as disposed represent Ordinary Shares withheld by the Issuer to satisfy tax withholding obligations in connection with the issuance of 3,083 Ordinary Shares upon vesting and settlement of Restricted Share Units (RSUs). The withholding of the Ordinary Shares was effected pursuant to the terms of the equity compensation plan and does not represent a discretionary sale by the Reporting Person. The Reporting Person previously reported on May 11, 2026 the ownership of such 3,083 RSUs granted to the Reporting Person on July 10, 2024.
- F4. Includes 23,874 Restricted Share Units (RSUs) that are scheduled to vest as follows: 3,932 on September 4, 2026, 1,985 on May 10, 2027, 3,082 on July 10, 2027, 3,931 on September 4, 2027, 3,082 on July 10, 2028, 3,931 on September 4, 2028, 3,931 on September 4, 2029. Subject to the Reporting Person's continued service as a Service Provider of the Issuer on each vesting date. Each RSU represents the right to receive one Ordinary Share of the Issuer upon vesting and settlement.
Key Figures
Key Terms
tax withholding obligations financial
equity compensation plan financial
vesting and settlement financial
FAQ
What equity award did CHKP Chief Revenue Officer Sherif Seddik receive on July 10, 2026?
What RSU balance does CHKP’s Sherif Seddik still have outstanding?
AI-generated analysis. How Rhea-AI works. Not financial advice.