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Tech — Software

Elastic Executive Compensation (FY26)

ESTC · San Francisco, CA · Executive and director compensation, fiscal 2022 to 2026
Chief executive, fiscal 2026
◇
Ashutosh Kulkarni
Latest say-on-pay support
=
October 15, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 21, 2026Latest filing (8-K): October 15, 2026
11 filings cited on this page
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293 figures on this page: 287 cited to the filing that reported them, 6 calculated from figures it prints. See the citations

More on Elastic

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2025 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Ashutosh Kulkarni: $14,348,734 → $46,961,904 (227.3% higher)
Say-on-pay support: 85.9% → 84.5% (1.4 points lower)
CEO pay ratio: 64:1 → 206:1 (221.9% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Elastic's chief executive and what were they paid?
Total compensation for Ashutosh Kulkarni, Chief Executive Officer, came to $46,961,904 in fiscal 2026. Kulkarni's total was 227.3% higher than the $14,348,734 reported for fiscal 2025.
What was Elastic's say-on-pay result?
For fiscal 2026, shareholders backed the say-on-pay proposal with 84.5% of votes cast for or against in favor at the meeting held October 15, 2026.
Which companies are in Elastic's peer group?
The disclosed peer group names Box, Cloudflare, Confluent, Datadog and Dynatrace, among others.
What is Elastic's chief executive pay ratio?
For fiscal 2026, the company reported a chief executive pay ratio of 206:1, against median employee compensation of $227,811.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ashutosh Kulkarni
Executive Director and Chief Executive Officer
◇—◇◇◇—◇◇
Janesh Moorjani
Chief Financial Officer and Chief Operating Officer
◇—◇◇◇—◇◇
Shay Banon
Executive Director and Chief Technology Officer
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ashutosh Kulkarni
Chief Executive Officer
◇—◇—◇—◇◇
Ken Exner
Chief Product Officer
◇—◇◇◇—◇◇
Carolyn Herzog
Chief Legal Officer
◇—◇◇◇—◇◇
Janesh Moorjani
Chief Financial Officer and Chief Operating Officer
◇—◇—◇—◇◇
Shay Banon
Chief Technology Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ashutosh Kulkarni
Chief Executive Officer
◇—◇—◇—◇◇
Mark Dodds
Chief Revenue Officer
◇◇◇—◇—◇◇
Janesh Moorjani
Chief Financial Officer and Chief Operating Officer
Departed during or after this year
◇—◇—◇—◇◇
Ken Exner
Chief Product Officer
◇—◇—◇—◇◇
Shay Banon
Chief Technology Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ashutosh Kulkarni
Chief Executive Officer
◇—◇—◇—◇◇
Navam Welihinda
Chief Financial Officer
◇—◇—◇—◇◇
Janesh Moorjani
Former Chief Financial Officer and Chief Operating Officer
Departed during or after this year
◇—◇—◇—◇◇
Mark Dodds
Chief Revenue Officer
◇—◇—◇—◇◇
Ken Exner
Chief Product Officer
◇—◇—◇—◇◇
Shay Banon
Chief Technology Officer
◇—◇—◇—◇◇
Eric Prengel
Former Interim Chief Financial Officer
Departed during or after this year
Served on an interim basis
◇—◇—◇—◇◇
Fiscal 2026
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ashutosh Kulkarni
Chief Executive Officer
◇—◇—◇—◇◇
Ken Exner
Chief Product Officer
◇—◇—◇—◇◇
Mark Dodds
Chief Revenue Officer
◇—◇—◇—◇◇
Navam Welihinda
Chief Financial Officer
◇—◇—◇—◇◇
Shay Banon
Chief Technology Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2026
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Ashutosh KulkarniRSU◇——◇——◇
Ashutosh KulkarniPSU◇◇◇—◇—◇
Ken ExnerPSU◇◇◇—◇—◇
Mark DoddsPSU◇◇◇—◇—◇
Navam WelihindaPSU◇◇◇—◇—◇
Shay BanonPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024, 2025 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2026 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Ashutosh KulkarniPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Mark DoddsPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Navam WelihindaRSU◇◇——
RSU◇◇——
PSU◇◇——
Ken ExnerPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇09/07/2032
Shay BanonPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Ken Exner
Chief Product Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Mark Dodds
Chief Revenue Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Navam Welihinda
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Shay Banon
Chief Technology Officer · Employment agreement
Severance base◇

Director compensation

What each non-employee director was paid.
Fiscal 2026
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Chetan Puttagunta
Lead independent director
◇◇————◇
Paul Auvil
◇◇————◇
Alison Gleeson
◇◇————◇
Shelley Leibowitz
◇◇————◇
Caryn Marooney
◇◇————◇
Steven Schuurman
◇—————◇
Sohaib Abbasi
◇—————◇
Ashutosh Kulkarni, Julia Liuson and Shay Banon served on the board in fiscal 2026 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.
Stock ownership guideline: Our share ownership policy contains ownership requirements aimed to align the interests of our directors and senior management with the interests of long-term shareholders.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2026
  • Box BOX
  • Cloudflare NET
  • Confluent CFLT
  • Datadog DDOG
  • Dynatrace DT
  • Five9 FIVN
  • Gitlab GTLB
  • Guidewire Software GWRE
  • Informatica INFA
  • MongoDB MDB
  • Nutanix NTNX
  • Okta OKTA
  • Rapid7 RPD
  • Samsara IOT
  • SentinelOne S
  • Snowflake SNOW
  • Tenable Holdings TENB
  • Twilio TWLO
  • UiPath PATH
  • Unity Software U
  • Zscaler ZS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2026October 15, 2026=◇◇◇
2025September 30, 2025=◇◇◇
2024October 1, 2024=◇◇◇
2023October 5, 2023=◇◇◇
2022October 6, 2022=◇◇◇
2021October 1, 2021=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Ashutosh Kulkarni (Chief Executive Officer), FY2026 total compensation $46,961,904 (base salary $750,000) [exec_comp, SEC accession 0001707753-26-000055, filed 2026-08-28]

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What this page does not include

Everything above is a fact Elastic disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Elastic sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
293 figures on this page: 287 cited to the filing that reported them, 6 calculated from figures it prints.
287 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001707753-26-000061
    Proposal No. 10 – Non-binding advisory vote on the compensation of the Company's named executive officers as described in the 2026 proxy statement: For Against Abstain Broker Non-Votes
  2. 0001707753-26-000055
    CEO Pay Ratio · Grants of Plan-Based Awards · Non-Executive Director Compensation · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 0001707753-25-000043
    Proposal No. 10 – Non-binding advisory vote on the compensation of the Company's named executive officers as described in the 2025 proxy statement: For Against Abstain Broker Non-Votes
  4. 0001707753-25-000036
    Compensation Discussion and Analysis · Fiscal 2025 Summary Compensation Table · Summary Compensation Table
  5. 0001707753-24-000040
  6. 0001707753-24-000029
    Executive Compensation Tables
  7. 0001707753-23-000052
  8. 0001707753-23-000038
    Executive Compensation Tables · Fiscal 2023 Summary Compensation Table
  9. 0001707753-23-000048
    Employment Agreement
  10. 0001707753-22-000053
  11. 0001707753-21-000060
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Elastic executive compensation, FY2022–FY2026.” https://intel.velarion.ai/comp/ESTC (accessed 2026).
Short form: data: Velarion

The paid brief for Elastic

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Tech — Software rankings

Chief executive pay — Tech — SoftwareCEO pay ratio — Tech — SoftwareSay-on-pay support — Tech — Software

Peers Elastic discloses

The companies named in ESTC's own disclosed peer group.

BoxCloudflareConfluentDatadogDynatraceFive9GitlabGuidewire SoftwareInformaticaMongoDBNutanixOktaRapid7SamsaraSentinelOneSnowflakeTenable HoldingsTwilioUiPathUnity SoftwareZscaler

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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