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VMware Executive Compensation (FY22)

VMW · Executive and director compensation, fiscal 2022 only
Chief executive, fiscal 2022
◇
Raghu Raghuram
Median of the other named officers
$12,891,042
6 officers, excluding the chief executive
Latest say-on-pay support
=
July 13, 2023
Chief executive pay ratio
◇
To the median employee
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Data as of November 5, 2026Latest filing (8-K): July 14, 2023
7 filings cited on this page
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366 figures on this page: 361 cited to the filing that reported them, 5 calculated from figures it prints. See the citations

Frequently asked questions

Answers drawn from the data on this page.
Who is VMware's chief executive and what were they paid?
Raghu Raghuram, Chief Executive Officer, received $32,344,106 in total compensation for fiscal 2022.
What was VMware's say-on-pay result?
The say-on-pay proposal drew 91.5% of votes cast for or against in favor at the meeting held July 13, 2023 for fiscal 2022.
Which companies are in VMware's peer group?
The disclosed peer group includes Adobe Systems, Autodesk, Block, Cisco Systems and Citrix Systems, among others.
What is VMware's chief executive pay ratio?
For fiscal 2022, the company reported a chief executive pay ratio of 236:1, against median employee compensation of $136,971.

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
Raghu Raghuram
Chief Executive Officer
◇—◇—◇——◇
Zane Rowe
CFO and EVP Former Interim CEO
Departed during or after this year
◇—◇—◇—◇◇
Sumit Dhawan
President
◇◇◇—◇—◇◇
Sanjay Poonen
Former COO, Customer Operations
Departed during or after this year
◇—◇———◇◇
Jean-Pierre Brulard
EVP, Worldwide Sales
◇—◇—◇—◇◇
Amy Olli
EVP, General Counsel and Secretary
◇—◇—◇—◇◇
Patrick Gelsinger
Former CEO
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 2022
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Amy Fliegelman OlliRSU◇——◇——◇
Amy Fliegelman OlliPSU◇◇◇—◇—◇
Amy Fliegelman OlliPSU◇◇◇—◇—◇
Amy Fliegelman OlliPSU◇◇◇—◇—◇
Amy Fliegelman OlliPSU◇◇◇—◇—◇
Jean-Pierre BrulardRSU◇——◇——◇
Jean-Pierre BrulardPSU◇◇◇—◇—◇
Jean-Pierre BrulardRSU◇——◇——◇
Jean-Pierre BrulardPSU◇◇◇—◇—◇
Jean-Pierre BrulardPSU◇◇◇—◇—◇
Raghu RaghuramPSU◇◇◇—◇—◇
Raghu RaghuramPSU◇◇◇—◇—◇
Raghu RaghuramPSU◇◇◇—◇—◇
Raghu RaghuramPSU◇◇◇—◇—◇
Raghu RaghuramRSU◇——◇——◇
Raghu RaghuramPSU◇◇◇—◇—◇
Raghu RaghuramPSU◇◇◇—◇—◇
Raghu RaghuramRSU◇——◇——◇
Sanjay PoonenPSU◇◇◇—◇—◇
Sanjay PoonenPSU◇◇◇—◇—◇
Sanjay PoonenRSU◇——◇——◇
Sanjay PoonenPSU◇◇◇—◇—◇
Sumit DhawanPSU◇◇◇—◇—◇
Sumit DhawanRSU◇——◇——◇
Sumit DhawanPSU◇◇◇—◇—◇
Zane RowePSU◇◇◇—◇—◇
Zane RoweRSU◇——◇——◇
Zane RoweRSU◇——◇——◇
Zane RowePSU◇◇◇—◇—◇
Zane RowePSU◇◇◇—◇—◇
Zane RowePSU◇◇◇—◇—◇
Zane RowePSU◇◇◇—◇—◇
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 2023 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Raghu RaghuramPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Sumit DhawanPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Zane RowePSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Jean-Pierre BrulardRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Amy OlliPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
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.
Amy Olli
EVP, General Counsel and Secretary · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Jean-Pierre Brulard
EVP, Worldwide Sales · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Raghu Raghuram
Chief Executive Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Sumit Dhawan
President · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Zane Rowe
CFO and EVP Former Interim CEO · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2023
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Paul Sagan
Lead independent director
◇◇————◇
Karen Dykstra
◇◇————◇
Michael Brown
◇◇————◇
Anthony Bates
◇◇————◇
Kenneth Denman
◇◇————◇
Marianne Brown
◇◇————◇
Nicole Anasenes
◇◇————◇
Donald Carty
◇—————◇
Michael Dell, Raghuram Raghuram and Egon Durban served on the board in fiscal 2023 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◇
Board equity retainer◇
Total board 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 2023
  • Adobe Systems ADBE
  • Autodesk ADSK
  • Block XYZ
  • Cisco Systems CSCO
  • Citrix Systems symbol not shown
  • eBay EBAY
  • Intuit INTU
  • NetApp NTAP
  • Oracle ORCL
  • Palo Alto Networks PANW
  • PayPal PYPL
  • ServiceNow NOW
  • Twilio TWLO
  • Workday WDAY

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2022July 13, 2023=◇◇◇
2021July 12, 2022=◇◇◇
2020July 23, 2021=◇◇◇
2019July 15, 2020=◇◇◇
2015May 26, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Raghu Raghuram (Chief Executive Officer), FY2022 total compensation $32,344,106 (base salary $1,000,000) [exec_comp, SEC accession 0001124610-22-000023, filed 2022-05-27]

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What this page does not include

Everything above is a fact VMware disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where VMware 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 — $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 — $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.
366 figures on this page: 361 cited to the filing that reported them, 5 calculated from figures it prints.
361 cited to the filing
5 calculated from the filing

Documents cited

  1. 0001124610-23-000053
  2. 0001124610-23-000039
    Compensation Discussion and Analysis · Director Compensation · Outstanding Equity Awards at Fiscal Year-End
  3. 0001124610-22-000033
  4. 0001124610-22-000023
    Grants of Plan-Based Awards · Summary Compensation Table
  5. 0001124610-21-000037
  6. 0001124610-20-000044
  7. 0001124610-16-000051
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “VMware executive compensation, FY2022.” https://intel.velarion.ai/comp/VMW (accessed 2026).
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The VMware brief, $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 $500 for the board report; $900 for both.
Get the executive briefGet the board briefNo account needed.
7 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 VMware discloses

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

Adobe SystemsAutodeskBlockCisco SystemseBayIntuitNetAppOraclePalo Alto NetworksPayPalServiceNowTwilioWorkday

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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