Arm’s Ex-Top Lawyer Earned $8.9 Million After Leaving Company

Aug. 22, 2023, 5:34 PM UTC

Elastic NV, an American-Dutch software development company, paid more that $8.9 million total compensation to its new chief legal officer and corporate secretary Carolyn Herzog in fiscal 2023.

Herzog joined Mountain View, Calif.-based Elastic in May 2022 after spending more than five years as general counsel for chip designer Arm Holdings Ltd. Elastic disclosed the pay total in a Aug. 18 proxy filing disclosure, days before Arm announced it will pursue potentially the year’s largest initial public offering.

Elastic gave Herzog nearly $650,000 in cash, including a $425,000 annual base salary, and more than $8.2 million in stock and ...

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