Item 5.02 Other Events Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
Appointment of New Director
SolarEdge Technologies, Inc. (the "Company") appointed Ms. Besty Atkins, to the
Company's Board of Directors as a Class I director, effective as of June 1, 2021
with an initial term expiring in 2022. Ms. Atkins is an expert on corporate
governance who has served on global public company boards in industries
including technology, energy management, solar, industrial automation,
manufacturing, automotive, and logistics.
As compensation for her service as a director, Mrs. Atkins will be entitled to
(i) an initial equity award in the form of restricted stock units, granted upon
the individual's initial appointment to our Board of Directors, with a grant
date value of $150,000, (ii) an annual equity award in the form of restricted
stock units with a grant date value of $170,000 per year, subject to proration
for the portion of 2021 for which she will serve; and (iii) a cash retainer of
$70,000 per year.
The initial restricted stock unit awards vest in equal annual installments over
three years and the annual restricted stock unit awards vest in full after one
year (or the balance of the year in which the award is granted, in the case of
pro-rated annual awards).
Ms. Atkins is not a party to any transaction with the Company that would be
required to be disclosed pursuant to Item 404 of Regulation S-K.
Item 9.01. Financial Statements and Exhibits
Exhibit Description
No.
Exhibit Cover Page Interactive Data File - the cover page XBRL tags are
104 embedded within the Inline XBRL document.
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SOLAREDGE TECHNOLOGIES, INC. 
