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Tech — Software

Fortinet Executive Compensation (FY25)

FTNT · Sunnyvale, CA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Ken Xie
Latest say-on-pay support
=
June 12, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): June 16, 2026
14 filings cited on this page
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246 figures on this page: 236 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
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 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
◇—◇—◇——◇
Michael Xie
President and Chief Technology Officer
◇—◇—◇——◇
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
Christiane OhlgartRSU———◇——◇
Christiane OhlgartPSU——◇—◇—◇
Christiane OhlgartRSU———◇——◇
Christiane OhlgartPSU——◇—◇—◇
John WhittleRSU———◇——◇
John WhittlePSU——◇—◇—◇
Keith JensenRSU———◇——◇
Keith JensenRSU———◇——◇
Keith JensenPSU——◇—◇—◇
Ken XieRSU———◇——◇
Ken XiePSU——◇—◇—◇
Michael XiePSU——◇—◇—◇
Michael 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
Ken XiePSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇2/17/2029
Christiane OhlgartPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Michael XiePSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇2/17/2029
John WhittlePSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇2/17/2029
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, Michael Xie and Derek Kan 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.
Board cash retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

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
◇

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Sample answer — “What is the CEO’s total compensation?”
- Ken Xie (Chief Executive Officer), FY2025 total compensation $11,458,039 (base salary $597,000) [exec_comp, SEC accession 0002077096-26-000106, filed 2026-04-29]

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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.
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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.
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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.
246 figures on this page: 236 cited to the filing that reported them, 10 calculated from figures it prints.
236 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 · Compensation of Directors · Grants of Plan-Based Awards in 2025 Table · and 1 more section
  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
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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

The Fortinet brief, $1,500

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 $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
14 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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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.

Akamai TechnologiesArista NetworksAutodeskCadence Design SystemsCloudflareCrowdStrike HoldingsDatadogDigital RealtyEquinixMarvell TechnologyNetAppPalo Alto NetworksServiceNowSnowflakeSynopsysWorkdayZoom CommunicationsZscaler

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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