Navan (NAVN) executive compensation, 2026 proxy

Ariel Cohen, Chief Executive Officer and Director, was paid $18.2M in fiscal 2026.

Filed
May 12, 2026
Annual meeting
June 25, 2026
Pay year
fiscal 2026
Named executives
4
CEO total pay
$18.2Mfiscal 2026
Cohen target bonus
$400,00090% earned
Twig target bonus
$300,00090% earned
Butte stock awards
$4,338,228Incremental modification value
Butte option awards
$12,966,303Includes $3,641,309 modification value
Butte one-time payment
$3,700,000Departure-related cash payment
Giviskos bonus
$250,000Guaranteed under retention agreement

How Cohen was paid

$18.2M in total for fiscal 2026, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary5%Option awards93%Non-equity incentive2%

Named executive officers

ExecutiveTotal
Ariel CohenChief Executive Officer and Director$18,228,646
Ilan TwigChief Technology Officer and Director$9,590,152
Anne GiviskosFormer Interim Chief Financial Officer$1,673,553
Amy ButteFormer Chief Financial Officer$22,670,421

What changed and why

  • $18.2M$18,228,646 CEO total compensation increased from $1,630,623 in fiscal 2025, driven primarily by $16,866,338 in option awards.
  • 90%90% of target bonus was earned by both Ariel Cohen and Ilan Twig based on corporate milestones and revenue targets.
  • $4.6M$4,565,890 of Amy Butte’s compensation comprised a $3,700,000 one-time payment and $865,890 tax gross-up.
  • $4.3M$4,338,228 of Amy Butte’s stock awards reflected incremental value from accelerating outstanding RSUs.
  • $3.6M$3,641,309 of Amy Butte’s option awards reflected incremental value from accelerating option vesting.
  • Performance-based RSUs for Cohen, Twig, and Giviskos had no reported value because performance achievement was initially deemed improbable.

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.