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F5 Executive Compensation (FY25)

FFIV · Seattle, WA · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 7, 2026Latest filing (8-K): March 13, 2026
10 filings cited on this page
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Published by Velarion Company Intelligence
F5 brief$1,500Get the executive brief
235 figures on this page: 228 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
François Locoh-Donou
Median of the other named officers
$5,295,456
5 officers, excluding the chief executive
Latest say-on-pay support
=
March 12, 2026
Chief executive pay ratio
◇
To the median employee

More on F5

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2023 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — François Locoh-Donou: $10,856,766 → $23,039,819 (112.2% higher)
Say-on-pay support: 90.8% → 92.8% (2.0 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is F5's chief executive and what were they paid?
Total compensation for François Locoh-Donou, President and Chief Executive Officer, came to $23,039,819 in fiscal 2025. Locoh-Donou's total was 112.2% higher than the $10,856,766 reported for fiscal 2023.
What was F5's say-on-pay result?
The say-on-pay proposal drew 92.8% of votes cast for or against in favor at the meeting held March 12, 2026 for fiscal 2025.
Which companies are in F5's peer group?
The disclosed peer group names Akamai Technologies, Inc., CheckPoint Software Technologies Ltd., Ciena Corporation, Cloudflare, Inc. and Datadog, Inc., among others.
What is F5's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 142:1, against median employee compensation of $162,795.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
François Locoh-Donou
President and Chief Executive Officer
◇—◇—◇—◇◇
Tom Fountain
Executive Vice President, Strategy and Business Transformation, and Chief Strategy Officer
◇—◇—◇—◇◇
Frank Pelzer
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
François Locoh-Donou
President and Chief Executive Officer
◇—◇———◇◇
Kara Sprague
Executive VP and Chief Product Officer
◇—◇—◇—◇◇
Tom Fountain
Executive VP of Global Services and Chief Strategy Officer
◇—◇—◇—◇◇
Chad Whalen
Executive VP of Worldwide Sales
◇—◇—◇—◇◇
Frank Pelzer
Executive VP and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
François Locoh-Donou
President and Chief Executive Officer
◇—◇—◇—◇◇
Tom Fountain
Chief Operating Officer
◇—◇—◇—◇◇
Chad Whalen
Chief Revenue Officer
◇—◇—◇—◇◇
John Maddison
Executive VP and Chief Marketing Officer
◇—◇—◇—◇◇
Cooper Werner
Executive VP and Chief Financial Officer
◇—◇—◇—◇◇
Frank Pelzer
Former Executive VP and Chief Financial Officer
Departed during or after this year
◇—◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Chad WhalenRSU◇——◇——◇
Chad WhalenPSU◇— withheld◇—◇—◇
Chad WhalenPSU◇◇◇—◇—◇
Cooper WernerRSU◇——◇——◇
Cooper WernerPSU◇◇◇—◇—◇
François Locoh-DonouPSU◇◇◇—◇—◇
François Locoh-DonouRSU◇——◇——◇
François Locoh-DonouPSU◇◇◇—◇—◇
Frank PelzerPSU◇◇◇—◇—◇
Frank PelzerPSU◇—◇—— withheld—◇
John MaddisonRSU◇——◇——◇
Tom FountainRSU◇——◇——◇
Tom FountainPSU◇◇◇—◇—◇
Tom FountainPSU◇◇◇—◇—◇
Fiscal 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
François Locoh-DonouPSU◇◇——
PSU◇◇——
John MaddisonPSU◇◇——
Tom FountainPSU◇◇——
PSU◇◇——
Cooper WernerPSU◇◇——
PSU◇◇——
Chad WhalenPSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Chad Whalen
Chief Revenue Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Cooper Werner
Executive VP and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
François Locoh-Donou
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Non-compete period◇
Frank Pelzer
Former Executive VP and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
John Maddison
Executive VP and Chief Marketing Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Tom Fountain
Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Julie M. Gonzalez
◇◇————◇
Alan J. Higginson
Board chair
◇◇————◇
Maya McReynolds
◇◇————◇
Michael L. Dreyer
◇◇————◇
Elizabeth L. Buse
◇◇————◇
Marianne N. Budnik
◇◇————◇
Michael F. Montoya
◇◇————◇
Tami Erwin
◇◇————◇
Nikhil Mehta
◇◇————◇
Michel Combes
◇◇————◇
Peter S. Klein
◇◇————◇
François Locoh-Donou served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Akamai Technologies, Inc. AKAM
  • CheckPoint Software Technologies Ltd. symbol not shown
  • Ciena Corporation CIEN
  • Cloudflare, Inc. NET
  • Datadog, Inc. DDOG
  • DocuSign, Inc. DOCU
  • Dropbox, Inc. DBX
  • Dynatrace, Inc. DT
  • Fortinet, Inc. FTNT
  • Gen Digital, Inc. GEN
  • Informatica INFA
  • NetApp, Inc. NTAP
  • Nutanix, Inc. NTNX
  • Okta, Inc. OKTA
  • Pure Storage, Inc. PSTG
  • Teradata Corporation TDC
  • Trimble, Inc. TRMB
  • Twilio, Inc. TWLO
  • Unity Software Inc. U
  • VeriSign, Inc. VRSN
  • Zscaler, Inc. ZS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025March 12, 2026=◇◇◇
2024March 13, 2025=◇◇◇
2023March 14, 2024=◇◇◇
2022March 9, 2023=◇◇◇
2021March 10, 2022=◇◇◇
2020March 11, 2021=◇◇◇
2019March 12, 2020=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact F5 disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where F5 sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
235 figures on this page: 228 cited to the filing that reported them, 7 calculated from figures it prints.
228 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001048695-26-000036
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001048695-26-000012
    CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · Director Compensation for Fiscal Year 202 · and 3 more sections
  3. 0001048695-25-000068
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001048695-24-000022
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001140361-24-004097
    Summary Compensation Table for Fiscal Year 2023
  6. 0001048695-23-000014
  7. 0001048695-22-000009
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001048695-21-000015
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001048695-20-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001140361-23-002745
    Summary Compensation Table · Summary Compensation Table for Fiscal Year 2022
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “F5 executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FFIV (accessed 2026).
Short form: data: Velarion

The paid brief for F5

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
10 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers F5 discloses

The companies named in FFIV's own disclosed peer group.

Akamai Technologies, Inc.Ciena CorporationCloudflare, Inc.Datadog, Inc.DocuSign, Inc.Dropbox, Inc.Dynatrace, Inc.Fortinet, Inc.Gen Digital, Inc.InformaticaNetApp, Inc.Nutanix, Inc.Okta, Inc.Pure Storage, Inc.Teradata CorporationTrimble, Inc.Twilio, Inc.Unity Software Inc.VeriSign, Inc.Zscaler, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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