V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough
Tech — Software

Fortinet Executive Compensation (FY25)

FTNT · Sunnyvale, CA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 16, 2026
206 figures on this page: 196 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Ken Xie was paid $11,458,039 in total compensation as Chief Executive Officer and Chairman of the Board of Directors for fiscal 2025, and Xie's total was 12.8% lower than the $13,143,289 reported for fiscal 2024. For fiscal 2025, the company reported a chief executive pay ratio of 75.3:1, against median employee compensation of $152,084. The say-on-pay proposal drew 88.7% of votes cast for or against in favor at the meeting held June 12, 2026 for fiscal 2025. Companies named in the disclosed peer group include Akamai Technologies, Arista Networks, Autodesk, Cadence Design Systems and Check Point Software Technologies, among others.
Chief executive, fiscal 2025
◇
Ken Xie
Latest say-on-pay support
=
June 12, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 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 — Ken Xie: $13,143,289 → $11,458,039 (12.8% lower)
Say-on-pay support: 87.6% → 88.7% (1.1 points higher)
CEO pay ratio: 105:1 → 75.3:1 (28.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Fortinet's chief executive and what were they paid?
Ken Xie was paid $11,458,039 in total compensation as Chief Executive Officer and Chairman of the Board of Directors for fiscal 2025. Xie's total was 12.8% lower than the $13,143,289 reported for fiscal 2024.
What was Fortinet's say-on-pay result?
The say-on-pay proposal drew 88.7% of votes cast for or against in favor at the meeting held June 12, 2026 for fiscal 2025.
Which companies are in Fortinet's peer group?
Companies named in the disclosed peer group include Akamai Technologies, Arista Networks, Autodesk, Cadence Design Systems and Check Point Software Technologies, among others.
What is Fortinet's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 75.3:1, against median employee compensation of $152,084.

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
Ken Xie
Chief Executive Officer
◇—◇◇◇——◇
Michael Xie
President and Chief Technology Officer
◇—◇◇◇——◇
Patrice Perche
Chief Revenue Officer and Executive Vice President of Support
◇—◇◇◇——◇
Keith Jensen
Chief Financial Officer
◇—◇◇◇—◇◇
John Whittle
Chief Operating Officer
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ken Xie
Chief Executive Officer
◇—◇—◇——◇
Michael Xie
President and Chief Technology Officer
◇—◇—◇——◇
Patrice Perche
Chief Revenue Officer and Executive Vice President of Support
◇—◇—◇—◇◇
Keith Jensen
Chief Financial Officer
◇—◇—◇—◇◇
John Whittle
Chief Operating Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ken Xie
Chief Executive Officer
◇—◇—◇——◇
Michael Xie
President and Chief Technology Officer
◇—◇—◇——◇
John Whittle
Chief Operating Officer
◇—◇—◇—◇◇
Keith Jensen
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ken Xie
Chief Executive Officer and Chairman of the Board of Directors
◇—◇—◇——◇
Michael Xie
President, Chief Technology Officer and Director
◇—◇—◇——◇
John Whittle
Chief Operating Officer
◇—◇—◇—◇◇
Keith Jensen
Former Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Christiane Ohlgart
Chief Financial Officer
◇—◇—◇—◇◇
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
Ken XieRSU———————
Fiscal 2022, 2023, 2024 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
Michael XiePSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇—
PSU◇◇——
PSU◇◇——
PSU◇◇——
John WhittlePSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇—
PSU◇◇——
Christiane OhlgartPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Ken XiePSU◇◇——
PSU◇◇——
Option◇—◇—
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Keith JensenPSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Janet Napolitano
◇◇————◇
Judith Sim
Lead independent director
◇◇————◇
Kenneth A. Goldman
◇◇————◇
Ming Hsieh
◇◇————◇
Admiral James Stavridis (Ret)
◇◇————◇
Jean Hu
◇◇————◇
William H. Neukom
◇—————◇
Ken Xie, Derek Kan and Michael Xie 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.

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 AKAM
  • Arista Networks ANET
  • Autodesk ADSK
  • Cadence Design Systems CDNS
  • Check Point Software Technologies CHKP
  • Cloudflare NET
  • CrowdStrike Holdings CRWD
  • Datadog DDOG
  • Digital Realty DLR
  • Equinix EQIX
  • Marvell Technology MRVL
  • NetApp NTAP
  • Palo Alto Networks PANW
  • ServiceNow NOW
  • Snowflake SNOW
  • Synopsys SNPS
  • Workday WDAY
  • Zoom Communications ZM
  • Zscaler ZS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 12, 2026=◇◇◇
2024June 13, 2025=◇◇◇
2023June 14, 2024=◇◇◇
2022June 16, 2023=◇◇◇
2021June 17, 2022=◇◇◇
2020June 18, 2021=◇◇◇
2019June 19, 2020=◇◇◇
2018June 21, 2019=◇◇◇
2017June 22, 2018=◇◇◇
2016June 23, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Email me this page as a cited PDF
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when Fortinet files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Fortinet disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Fortinet 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.
Enquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for a Velarion Pro seat
Full platform access for one person: every industry we cover, peer positioning, and the written analysis. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.
Join the list for Peer Group Review
Whether Fortinet's disclosed peer group is defensible, who names Fortinet back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
206 figures on this page: 196 cited to the filing that reported them, 10 calculated from figures it prints.
196 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001262039-26-000015
  2. 0002077096-26-000106
    2025 Summary Compensation Table · CEO Pay Ratio · Director Compensation Table for 2025 · Outstanding Equity Awards at 2025 Fiscal
  3. 0001262039-25-000022
  4. 0001174947-25-000618
    2024 Summary Compensation Table
  5. 0001262039-24-000025
  6. 0001174947-24-000602
    2023 Summary Compensation Table
  7. 0001262039-23-000024
  8. 0001174947-23-000676
    2022 Summary Compensation Table
  9. 0001262039-22-000021
  10. 0001262039-21-000016
  11. 0001262039-20-000038
  12. 0001262039-19-000018
  13. 0001262039-18-000023
  14. 0001262039-17-000023
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Fortinet executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FTNT (accessed 2026).
Short form: data: Velarion
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Fortinet and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Tech — Software rankings

Chief executive pay — Tech — SoftwareCEO pay ratio — Tech — SoftwareSay-on-pay support — Tech — Software

Peers Fortinet discloses

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

AutodeskCadence Design SystemsCloudflareCrowdStrike HoldingsDatadogDigital RealtyEquinixMarvell TechnologyNetAppPalo Alto NetworksServiceNowSnowflakeSynopsysWorkdayZoom CommunicationsZscaler

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
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}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy