How Kulkarni was paid
$14.3M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Ashutosh KulkarniChief Executive Officer | $625,000 | $12,999,970 | $694,096 | $29,668 | $14,348,734 |
| Navam WelihindaChief Financial Officer | $85,417 | $9,363,770 | $70,741 | $3,750 | $9,523,678 |
| Shay BanonChief Technology Officer | $514,006 | $3,749,877 | $428,124 | $2,682 | $4,694,689 |
| Mark DoddsChief Revenue Officer | $500,000 | $4,499,830 | $416,458 | $28,100 | $5,444,388 |
| Ken ExnerChief Product Officer | $500,000 | $4,499,830 | $416,458 | $27,557 | $5,443,846 |
| Janesh MoorjaniFormer Chief Financial Officer and Chief Operating Officer | $335,417 | $5,999,848 | $196,875 | $93,110 | $6,625,250 |
| Eric PrengelFormer Interim Chief Financial Officer | $461,875 | $2,849,941 | $142,490 | $26,029 | $3,480,335 |
What changed and why
- 35%35% of annual NEO equity value was delivered as PSUs, up from 25% in fiscal 2024.
- 50%50% of expected fiscal 2026 annual NEO equity value will be delivered as PSUs.
- 100%100% of fiscal 2025 target PSUs were earned based on actual performance.
- $11M$11 million approximate new-hire RSU award was granted to CFO Navam Welihinda.
- $226K$225,619 was the fiscal 2025 median employee compensation.
- 84%84% of shareholders supported say-on-pay at the 2024 annual meeting.
Other Elastic proxy statements
- 2026 proxy statement
Ashutosh Kulkarni paid $47M (+227% on the year), pay ratio 206:1.
Filed Aug 28, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.