Shay Banon, born on March 25, 1979, is the co-founder and former CEO of Elastic N.V., a company known for its innovative search and data solutions. An engineer by training, Shay earned his Bachelor's degree in Computer Science from the...

Number of Employees

3.19K

Year

2022

Total Compensation

$3.75M

Salary

$428.89K

Board Justification

The compensation program is designed to attract, motivate, reward, and retain executives while aligning their interests with those of shareholders through performance-based incentives.

Bonus

$226.92K

Board Justification

Annual cash incentive based on performance metrics, paid out at 82.4% of target for the second half of fiscal year 2023.

Other

$95.77K

Board Justification

Includes contributions to pension and severance funds as per Israeli labor laws.

Restricted Stock

$3.00M(55.39K RSU)

Board Justification

RSUs that vested during fiscal year 2023, granted on December 8, 2022.

Performance Metrics

Performance metrics for the annual cash incentive included cloud revenue, total revenue, and non-GAAP operating margin percentage.

SEC Filing

From August 28, 2023

Shay Banon

Founder and Ex-CEO of Elastic

SB

Education

Bachelor's degree in Computer Science from the University of Amsterdam

Field of Expertise

Technology & Engineering - Engineering

Born

March 25, 1979 - 45 years ago

Is Founder?

Yes

Tenure

9 years 3 months (Oct 2012 - Jan 2022)

Previous Experience

Founder of Elastic, previously worked at Semantify