Elastic NV Awards CEO Ashutosh Kulkarni $29.3 Million Performance-Based Equity Grant Tied to Share Price and AI Growth

Reuters

Oct 16

Elastic NV Awards CEO Ashutosh Kulkarni $29.3 Million Performance-Based Equity Grant Tied to Share Price and AI Growth

Elastic NV has approved a special one-time performance-based equity award for CEO Ashutosh Kulkarni, with a grant date fair value of $29.3 million. The award consists of performance-based restricted stock units (PSUs) that will vest only upon the achievement of significant share price appreciation and other performance goals over a five-year period. The PSUs are divided into four tranches, each linked to specific share price milestones. If Mr. Kulkarni's employment is terminated without cause or he resigns for good reason within a certain timeframe surrounding a change of control, a portion of the award may vest based on the transaction price. The award aims to reward substantial and sustained shareholder value creation under Mr. Kulkarni's leadership.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elastic NV published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001707753-25-000050), on October 15, 2025, and is solely responsible for the information contained therein.

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ID: 0001707753-25-000050), on October 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2125909759.SGD","symbol_name":"Natixis Thematics Safety H-R/A SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251015:nNDL4wTVDg:1","article_id":"2575751901","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2575751901","pubTimestamp":1760561447,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Elastic NV has approved a special one-time performance-based equity award for CEO Ashutosh Kulkarni, with a grant date fair value of $29.3 million. 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The award consists of performance-based restricted stock units (PSUs) that will vest only upon the achievement of significant share price appreciation and other performance goals over a five-year period. The PSUs are divided into four tranches, each linked to specific share price milestones. If Mr. Kulkarni's employment is terminated without cause or he resigns for good reason within a certain timeframe surrounding a change of control, a portion of the award may vest based on the transaction price. The award aims to reward substantial and sustained shareholder value creation under Mr. Kulkarni's leadership.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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