Leadership & Pay ·
Tessera Defense finalizes CEO Michael Oster's pay with $18k monthly salary and up to 2M shares in equity awards
HLSQTessera Defense & Homeland Security Inc.
Tessera Defense and Homeland Security Inc. has entered into a formal employment agreement with Chief Executive Officer Michael Oster, who was appointed in March 2026 but had received no prior remuneration. The agreement establishes a monthly base salary of NIS 55,000 (approximately $18,000) and an annual performance bonus capped at 50% of base salary. Subject to stockholder approval at a special meeting on October 20, 2026, Oster will receive 400,000 fully vested shares, 1,000,000 restricted stock units vesting over three years, and options for up to 1,000,000 shares at $1.15 per share. Additionally, he is eligible for performance-based grants of up to 500,000 shares annually in fiscal years 2027 and 2028 if EBITDA per share exceeds specific thresholds. The company also finalized a similar agreement with CFO David Rokach, including $11,500 monthly salary and 180,000 fully vested shares. Tessera Defense and Homeland Security Inc. operates in the physical security technology sector, providing integrated detection and response solutions for critical infrastructure.