Fortinet: Pay

Fortinet paid its 5 named executives $34.2M in total in FY2025 (Dec). CEO Ken Xie was paid $11.5M of that.

Pay$100 in the stock at the end of FY19 → $372
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Ken XieChief Executive Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
FY2020 (Dec)
6 years
Michael XiePresident and Chief Technology Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
John WhittleChief Operating Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
FY2020 (Dec)
6 years
Keith F. JensenFormer Chief Financial Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
Christiane OhlgartChief Financial Officer
FY2025 (Dec)
1 year

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 13 peers with pay on file was $25.2M. The CEO of Fortinet was paid $11.5M, 55% below the median.

  1. 1CrowdStrike Holdings
  2. 2Snowflake
  3. 3Palo Alto Networks
  4. 4Cloudflare
  5. 5ServiceNow
  6. 6Workday
  7. 7Autodesk
  8. 8NetApp
  9. 9Equinix
  10. 10Synopsys
  11. 11Akamai Technologies
  12. 12Fortinet
  13. 13Zoom Communications
  14. 14Zscaler
  15. 15Arista NetworksNot disclosed
  16. 16Cadence Design SystemsNot disclosed
  17. 17Check Point Software TechnologiesNot disclosed
  18. 18DatadogNot disclosed
  19. 19Digital RealtyNot disclosed
  20. 20Marvell TechnologyNot disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.