secwatch.observer — SEC 8-K summary
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Issuer:     Elastic N.V. (ESTC)
CIK:        0001707753
Form:       8-K/A
Filed at:   2024-12-13T23:59:59+00:00
Accession:  0001707753-24-000051
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Elastic discloses interim CFO Eric Prengel's compensation: $475K salary, $2M RSU grant
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- Annual base salary of $475,000 effective Dec 14, 2024; target cash incentive of 40% of base.
- RSU award of ~$2M grant date fair value, vesting 50% on Dec 14, 2025 and 50% on Dec 14, 2026.
- Standard change-in-control/severance agreement providing payments if terminated other than for cause or resignation for good reason.
- Standard indemnification agreement covering liabilities arising from his status or service.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707753/000170775324000051/0001707753-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707753/000170775324000051/estc-20241118.htm
  HTML page:      https://secwatch.observer/filing/0001707753-24-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer