Elastic N.V. grants CEO $29.3M special performance-based equity award with share price goals

Elastic N.V.

PSUs with grant-date fair value of $29.3M; max payout of 456,491 shares.
Four tranches: 20%/20%/20%/40% weighting; share price targets from +40% to +129% above baseline $86.61.
Performance periods: 3-year for Tranche 1; 5-year for Tranches 2-4; rTSR modifier vs Russell 3000 median.
Service vesting: ratable over 4-5 years; forfeiture on resignation or for-cause termination.
Award designed to incentivize CEO leadership in Generative AI strategy and sustained shareholder value creation.

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