As Oracle cuts jobs, its filing details millions in executive security and perks
The company's latest proxy provides a granular look at expenses and arrangements involving its senior leadership.
Oracle's 2026 proxy statement provides a detailed look at some of the expenses and benefits associated with the company's senior executives.
The disclosures include $9 million in annual security budgets for founder and executive chairman Larry Ellison and co-CEO Michael Sicilia, personal use of Oracle aircraft, legal expenses related to executives' political donations, payments to companies linked to Ellison and compensation paid to Ellison's half-brother.
The disclosures come after a fiscal year in which Oracle eliminated roughly 21,000 jobs and reduced its workforce by about 13%, not including this month’s round of cutbacks.
Oracle's board approved an annual security budget of $7 million for Ellison and $2 million for Sicilia. These amounts are separate from security arrangements maintained by other executives.
Oracle contributed $3,660 toward augmenting co-CEO Safra Catz's existing security system. The company does not disclose a comparable annual security budget for co-CEO Clayton Magouyrk.
Oracle describes the security expenses as "reasonable, necessary and appropriate business expenses" related to "the nature of the executives' employment at Oracle."
The company nevertheless includes the expenses in the executives' compensation disclosures because SEC rules can treat security arrangements as providing a personal benefit.
The proxy also reports that the median Oracle employee worldwide received $94,740 in total compensation in fiscal 2026. That figure was used to calculate Oracle's required CEO pay ratios, which were 6,623 to 1 for Magouyrk and 2,709 to 1 for Sicilia.
Oracle's aircraft policy generally prohibits employees from using company aircraft for personal travel. Exceptions apply to Ellison, Magouyrk, Sicilia and Catz while she served as CEO.
During fiscal 2026, Sicilia and Catz used company-owned and chartered aircraft for non-business travel.
Oracle reported $154,337 in incremental costs associated with Sicilia's personal aircraft use and $43,742 associated with Catz's use.
The company also reported $61,627 in forgone corporate tax deductions resulting from personal aircraft use. That amount is disclosed as a corporate expense rather than as part of an individual executive's compensation.
The proxy also includes an agreement under which Ellison personally guarantees that Oracle will not overpay when purchasing goods or services from companies in which he has a financial interest.
If Oracle determines that it paid more than a competitor would have paid for the same goods or services, Ellison is required to reimburse the company for the difference. The agreement remains in effect for three years after he stops serving as an Oracle executive or chairman.
The arrangement covers transactions that continued during fiscal 2026.
Companies in which Ellison or his son David Ellison hold a direct interest purchased approximately $32.2 million worth of Oracle products and services during the year. Oracle paid approximately $10.4 million to companies linked to the Ellisons.
That included $7.5 million paid to F50 League, Ellison's SailGP sailing venture, under a sponsorship agreement that gives Oracle branding rights and race-weekend title billing.
Oracle also paid $2.3 million to Glass Aviation, an aircraft management company acquired by David Ellison in 2024. Glass Aviation has serviced Oracle's fleet since 2016.
Oracle also disclosed that it pays for outside legal counsel to help certain executives with disclosure requirements related to their personal political campaign contributions.
The company says such contributions can trigger reporting requirements for Oracle. Because the legal services benefit the executives personally, their cost is treated as a personal perquisite and included in the relevant compensation disclosures.
Oracle does not disclose the amount of these legal expenses for each executive.
The proxy also identifies Steven Janicki, a vice president of systems engineering at Oracle, as Ellison's half-brother.
Janicki received a $306,000 base salary in fiscal 2026, along with an equity award of 358 restricted stock units and $6,298 in flexible benefit credits.
Oracle discloses the compensation because SEC rules require companies to report certain transactions and compensation involving immediate family members of directors and executive officers.
Oracle reported $67.4 billion in revenue for fiscal 2026. The expenses and transactions described in the proxy are relatively small compared with the company's overall revenue.
The disclosures nevertheless provide a detailed picture of the costs and arrangements surrounding Oracle's senior executives. They include millions of dollars in security spending, personal aircraft use, payments to companies connected to the Ellison family, legal services related to political contributions and compensation paid to a member of Ellison's family.
