V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough

HashiCorp Executive Compensation (FY24)

HCP · Executive and director compensation, fiscal 2022 to 2024
Chief executive, fiscal 2024
◇
David McJannet
Median of the other named officers
$5,143,386
5 officers, excluding the chief executive
Latest say-on-pay support
=
April 30, 2026
Chief executive pay ratio
◇
To the median employee
Velarion Member: every covered company in one industry, with dashboards, peer screens and board-ready briefs. Three seats, one year.
Email me this page as a cited PDF — sent in 2 minutes
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.

The paid brief on HashiCorp

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
Data as of October 19, 2026Latest filing (8-K): May 4, 2026
12 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
HashiCorp brief$1,500Get the executive brief
Velarion Member, one year
233 figures on this page: 222 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on HashiCorp

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — David McJannet: $8,604,296 → $16,102,875 (87.1% higher)
Say-on-pay support: 93.2% → 89.2% (4.0 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is HashiCorp's chief executive and what were they paid?
David McJannet was paid $16,102,875 in total compensation as Chief Executive Officer for fiscal 2024. McJannet's total moved 87.1% higher from the $8,604,296 reported for fiscal 2023.
What was HashiCorp's say-on-pay result?
Shareholders supported the say-on-pay proposal with 89.2% of votes cast for or against in favor at the meeting held April 30, 2026 for fiscal 2026.
Which companies are in HashiCorp's peer group?
The disclosed peer group names Bill.com Holdings, Inc., BlackLine, Inc., Cloudflare, Inc., Confluent, Inc. and Coupa Software Incorporated, among others. The Updated Peer Group (approved August 2023, for fiscal 2025 planning) includes Asana, Inc., CyberArk Software Ltd., Freshworks Inc., Jamf Holding Corp. and JFrog Ltd., among others.
What is HashiCorp's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2024 is 71:1, against median employee compensation of $225,302.

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
David McJannet
Chief Executive Officer
◇—◇—◇—◇◇
Armon Dadgar
Chief Technology Officer
◇—◇—◇—◇◇
Navam Welihinda
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David McJannet
Chief Executive Officer
◇—◇—◇—◇◇
Brandon Sweeney
Former Chief Revenue Officer
Departed during or after this year
◇—◇—◇—◇◇
Navam Welihinda
Chief Financial Officer
◇—◇—◇—◇◇
Armon Dadgar
Chief Technology Officer
◇—◇—◇——◇
Marc Holmes
Chief Marketing and Business Operations Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David McJannet
Chief Executive Officer
◇—◇—◇—◇◇
Susan St. Ledger
President, Worldwide Field Operations
◇—◇—◇—◇◇
Armon Dadgar
Chief Technology Officer
◇—◇—◇—◇◇
Navam Welihinda
Chief Financial Officer
◇—◇—◇—◇◇
Brandon Sweeney
Former Chief Revenue Officer
Departed during or after this year
◇—◇—◇—◇◇
Marc Holmes
Chief Marketing and Business Operations 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 2024
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Armon DadgarRSU◇——◇——◇
Brandon SweeneyRSU◇——◇——◇
David McJannetRSU◇——◇——◇
Marc HolmesRSU◇——◇——◇
Navam WelihindaRSU◇——◇——◇
Susan St. LedgerRSU◇——◇——◇
Susan St. LedgerRSU◇——◇——◇
Susan St. LedgerRSU◇——◇——◇
Fiscal 2022 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 2023 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
David McJannetRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇———
Armon DadgarRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Navam WelihindaRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇———
Marc HolmesRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Susan St. LedgerRSU◇◇——
RSU◇◇——
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.
Armon Dadgar
Chief Technology Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
David McJannet
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Marc Holmes
Chief Marketing and Business Operations Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Navam Welihinda
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Susan St. Ledger
President, Worldwide Field Operations · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Todd Ford
Lead independent director
◇◇————◇
Glenn Solomon
◇◇————◇
Sigal Zarmi
◇◇————◇
David Henshall
◇◇————◇
Susan St. Ledger, Armon Dadgar and David McJannet served on the board in fiscal 2024 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.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • Bill.com Holdings, Inc. BILL
  • BlackLine, Inc. BL
  • Cloudflare, Inc. NET
  • Confluent, Inc. CFLT
  • Coupa Software Incorporated COUP
  • DigitalOcean Holdings, Inc. DOCN
  • Dynatrace, Inc. DT
  • Elastic N.V. ESTC
  • Everbridge, Inc. EVBG
  • Fastly, Inc. FSLY
  • Five9, Inc. FIVN
  • GitLab Inc. GTLB
  • MongoDB, Inc. MDB
  • PagerDuty, Inc. PD
  • Q2 Holdings, Inc. QTWO
  • SentinelOne, Inc. S
  • Smartsheet Inc. SMAR
  • Zscaler, Inc. ZS
Updated Peer Group (approved August 2023, for fiscal 2025 planning)
  • Asana, Inc. ASAN
  • CyberArk Software Ltd. CYBR
  • Freshworks Inc. FRSH
  • Jamf Holding Corp. JAMF
  • JFrog Ltd. FROG
  • Paylocity Holding Corporation PCTY
  • Samsara Inc. IOT
  • Tenable Holdings, Inc. TENB
  • UiPath, Inc. PATH

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2026April 30, 2026=◇◇◇
2025April 24, 2025=◇◇◇
2024April 25, 2024=◇◇◇
2023April 27, 2023=◇◇◇
2022April 28, 2022=◇◇◇
2021April 28, 2021=◇◇◇
2020April 23, 2020=◇◇◇
2019April 25, 2019=◇◇◇
2018April 26, 2018=◇◇◇
2017April 27, 2017=◇◇◇
2016April 28, 2016=◇◇◇

Chief executive pay ratio

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

Velarion Pro: every company page, peer tools and exports, one seat

One seat, one person. It opens the whole platform: the peer tools, the written analysis and the exports, on every company we cover. Join the list and you will hear from us when it opens.
Your address is used for this and nothing else, and you can unsubscribe in one click. See the privacy policy.

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- David McJannet (Chief Executive Officer), FY2024 total compensation $16,102,875 (base salary $500,000) [exec_comp, SEC accession 0001140361-24-025948, filed 2024-05-14]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

Tell me when HashiCorp files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact HashiCorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where HashiCorp 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.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for Peer Group Review
Whether HashiCorp's disclosed peer group is defensible, who names HashiCorp back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
233 figures on this page: 222 cited to the filing that reported them, 11 calculated from figures it prints.
222 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000765880-26-000002
    Proposal 2 . The advisory vote to approve 2025 executive compensation was approved.
  2. 0001628280-25-020273
    Proposal 2 . The advisory vote to approve 2024 executive compensation was approved.
  3. 0001140361-24-025948
    CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation for Fiscal 2024 · Grants of Plan-Based Awards · and 3 more sections
  4. 0001104659-24-053055
  5. 0001104659-23-051395
  6. 0001628280-22-011134
  7. 0001628280-21-008207
  8. 0001104659-20-052400
  9. 0001628280-19-005232
  10. 0001628280-18-005425
  11. 0001193125-17-152244
  12. 0001104659-16-116669
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “HashiCorp executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/HCP (accessed 2026).
Short form: data: Velarion

The paid brief for HashiCorp

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
12 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
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about HashiCorp and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Peers HashiCorp discloses

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

Bill.com Holdings, Inc.BlackLine, Inc.Cloudflare, Inc.Confluent, Inc.Coupa Software IncorporatedDigitalOcean Holdings, Inc.Dynatrace, Inc.Elastic N.V.Everbridge, Inc.Fastly, Inc.Five9, Inc.GitLab Inc.MongoDB, Inc.PagerDuty, Inc.Q2 Holdings, Inc.SentinelOne, Inc.Smartsheet Inc.Zscaler, Inc.Asana, Inc.Freshworks Inc.Jamf Holding Corp.JFrog Ltd.Paylocity Holding CorporationSamsara Inc.

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}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy