In 2022, Shay Banon earned $3.75M in total compensation at Elastic, including $428.89K salary, $226.92K bonus and $3.00M in stock. Most recently sold 8,049 shares in Mar 2025. Currently holds stock worth $1.10B. Has donated $250.52M in stock to charitable causes. Led Elastic as CEO for 9 years.
Compensation History
Annual executive compensation data for Shay Banon, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$3.75M
Salary
$428.89K
Bonus
$226.92K
Other
$95.77K
Salary
$428.89KBoard 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
$226.92KBoard Justification
Annual cash incentive based on performance metrics, paid out at 82.4% of target for the second half of fiscal year 2023.
Other Compensation
$95.77KBoard Justification
Includes contributions to pension and severance funds as per Israeli labor laws.
Restricted Stock
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.
Shay Banon
Founder and Ex-CEO of Elastic
Education
Bachelor's degree in Computer Science from the University of Amsterdam
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Technology
Born
March 25, 1979 - 46 years ago
CEO of Elastic for
9 years 3 months (Oct 2012 - Jan 2022)
Previous Experience
Founder of Elastic, previously worked at Semantify
Other Elastic CEOs
Holdings
Track Shay Banon's stock holdings and portfolio value over time.
Total Stock Sold
$478.33M
$478.33M
4,330,487 ESTC shares
What if they kept their stock?
If Shay Banon didn't sell their stock, today they would have:
Extra ESTC4,330,487 shares worth $323.36M.
This is -32.4% and $154.97M less than what they got when they sold the stock.
Charitable Transactions
3,354,978 shares
ESTC
Recent Charitable Transactions
3,354,978 shares
ESTC
Jul 25, 2023
Charity
Insider Trading
Shay Banon's recent stock transactions, purchases, and sales filed with the SEC.
$730.69K
ESTC at $90.78/share
Mar 10, 2025
Sale
$65.68M
ESTC at $109.47/share
Mar 3, 2025
Sale
$549.14K
ESTC at $108.72/share
Dec 9, 2024
Sale
$16.59M
ESTC at $110.59/share
Nov 27, 2024
Sale
$16.61M
ESTC at $110.73/share
Nov 26, 2024
Sale
$187.29K
ESTC at $70.25/share
Sep 9, 2024
Sale
$32.68M
ESTC at $108.93/share
Jun 21, 2024
Sale
$14.03M
ESTC at $111.08/share
Jun 11, 2024
Sale
$578.02K
ESTC at $109.89/share
Jun 8, 2024
Sale
32,402 shares
ESTC
Jun 8, 2024
Received
Rivals
Compare Shay Banon with competitor CEOs and industry peers.
Jennifer Tejada
CEO of PagerDuty
2023 Compensation
Stock
$7.50M
Salary
$600.00K
Bonus
$297.36K
Other
$14.55K
Total Holdings
$241.27K
Jay Chaudhry
Founder and CEO of Zscaler
2022 Compensation
Stock
$41.51M
Salary
$23.66K
Bonus
$0.00
Other
$0.00
Total Holdings
$61.56M
William R. McDermott
CEO of ServiceNow
2024 Compensation
Stock
$0.00
Salary
$0.00
Bonus
$0.00
Other
$0.00
Total Holdings
$27.07M
Matthew Prince
Founder and CEO of Cloudflare, Inc.
2023 Compensation
Stock
$18.33M
Salary
$400.00K
Bonus
$0.00
Other
$783.96K
Total Holdings
$1.55M
Daniel Dines
Founder and CEO of UiPath
2022 Compensation
Stock
$0.00
Salary
$6.02K
Bonus
$0.00
Other
$765.82K
Total Holdings
$136.65M
Mike Cannon-Brookes
Founder and CEO of Atlassian
2022 Compensation
Stock
$0.00
Salary
$49.44K
Bonus
$0.00
Other
$5.67K
Total Holdings
$34.54M