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Zebra Technologies Executive Compensation (FY25)

ZBRA · Lincolnshire, IL · Executive and director compensation, fiscal 2022 to 2025

The paid brief on Zebra Technologies

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.
Data as of September 7, 2026Latest filing (8-K): May 26, 2026
15 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Zebra Technologies brief$1,500Get the executive brief
301 figures on this page: 290 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
William Burns
Median of the other named officers
$3,778,586
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 19, 2026
Chief executive pay ratio
◇
To the median employee

More on Zebra Technologies

Five data products on this company. Each one is requested through the developer setup page.
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 — William Burns: $13,462,794 → $13,890,300 (3.2% higher)
Say-on-pay support: 94.4% → 93.3% (1.1 points lower)
CEO pay ratio: 185:1 → 202:1 (9.2% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Zebra Technologies' chief executive and what were they paid?
Total compensation for William Burns, Chief Executive Officer, came to $13,890,300 in fiscal 2025. Burns' total moved 3.2% higher from the $13,462,794 reported for fiscal 2024.
What was Zebra Technologies' say-on-pay result?
The say-on-pay proposal drew 93.3% of votes cast for or against in favor at the meeting held May 19, 2026 for fiscal 2025.
Which companies are in Zebra Technologies' peer group?
The disclosed peer group includes Agilent Technologies, Inc., Arista Networks, Inc., Autodesk, Inc., Cadence Design Systems, Inc. and F5, Inc., among others.
What is Zebra Technologies' chief executive pay ratio?
The company reported a chief executive pay ratio of 202:1 for fiscal 2025, against median employee compensation of $68,738.

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
Joachim Heel
President, Americas
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Burns
Chief Executive Officer
◇—◇—◇—◇◇
Nathaniel Winters
Chief Financial Officer
◇—◇—◇—◇◇
Michael Terzich
Chief Administrative Officer
◇—◇—◇—◇◇
Joachim Heel
President, Americas
◇—◇—◇—◇◇
Girish Rishi
Senior Vice President, Enterprise Asset Intelligence
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Burns
Chief Executive Officer
◇—◇—◇—◇◇
Nathan Winters
Chief Financial Officer
◇—◇—◇—◇◇
Joseph White
Chief Product and Solutions Officer
◇—◇—◇—◇◇
Cristen Kogl
Chief Legal Officer, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Jeffrey Schmitz
Chief People Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Burns
Chief Executive Officer
◇—◇—◇—◇◇
Nathan Winters
Chief Financial Officer
◇—◇—◇—◇◇
Richard Hudson
Chief Revenue Officer
◇—◇—◇—◇◇
Cristen Kogl
Chief Legal Officer, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Joseph White
Former Chief Product and Solutions Officer
Departed during or after this year
◇—◇———◇◇
Jeffrey Schmitz
Former Chief People 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
Jeffrey SchmitzRSU——————◇
Nathan WintersRSU——————◇
Richard HudsonRSU——————◇
William BurnsRSU——————◇
Fiscal 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
Nathan WintersRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇4/30/2027
PSU◇◇——
RSU◇◇——
Jeffrey SchmitzRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇5/2/2026
Option◇—◇4/30/2027
William BurnsRSU◇◇——
PSU◇◇——
Option◇—◇4/30/2027
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇5/2/2026
RSU◇◇——
RSU◇◇——
Joseph WhiteRSU◇◇——
RSU◇◇——
Option◇—◇11/7/2026
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇5/2/2026
Cristen KoglOption◇—◇5/2/2026
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇4/30/2027
PSU◇◇——
Richard HudsonRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇4/30/2027
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.
Cristen Kogl
Chief Legal Officer, General Counsel and Corporate Secretary · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Excise tax treatment◇
Jeffrey Schmitz
Former Chief People Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Excise tax treatment◇
Joseph White
Former Chief Product and Solutions Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Excise tax treatment◇
Nathan Winters
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Excise tax treatment◇
William Burns
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anders Gustafsson
Board chair
◇◇————◇
Michael A. Smith
Lead independent director
◇◇————◇
Ross W. Manire
◇◇————◇
Janice M. Roberts
◇◇————◇
Frank B. Modruson
◇◇————◇
Kenneth B. Miller
◇◇————◇
Linda M. Connly
◇◇————◇
Nelda J. Connors
◇◇————◇
Satish Dhanasekaran
◇◇————◇
Mary McDowell
◇◇————◇
Richard L. Keyser and William J. Burns 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◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Board meeting fee◇
Equity is delivered as fully-vested common stock.
Stock ownership guideline: 5x annual board cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Agilent Technologies, Inc. A
  • Arista Networks, Inc. ANET
  • Autodesk, Inc. ADSK
  • Cadence Design Systems, Inc. CDNS
  • F5, Inc. FFIV
  • Insight Enterprises, Inc. NSIT
  • Juniper Networks, Inc. JNPR
  • Keysight Technologies, Inc. KEYS
  • Motorola Solutions, Inc. MSI
  • NetApp, Inc. NTAP
  • Rockwell Automation, Inc. ROK
  • Teledyne Technologies Incorporated TDY
  • Vontier Corporation VNT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 19, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 11, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 14, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 18, 2017=◇◇◇
2015May 19, 2016=◇◇◇

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 Zebra Technologies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Zebra Technologies 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.
301 figures on this page: 290 cited to the filing that reported them, 11 calculated from figures it prints.
290 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001628280-26-038066
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-039488
    2025 Non-Employee Director Compensation · CEO Pay Ratio Calculation · Grants of Plan-Based Awards in 2025 · Non-Employee Director Compensation · and 2 more sections
  3. 0000877212-25-000120
  4. 0001558370-25-003931
    Compensation Discussion and Analysis · Summary Compensation Table
  5. 0000877212-24-000130
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001558370-24-004333
    Summary Compensation Table
  7. 0000877212-23-000102
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001308179-23-000459
    Summary Compensation Table
  9. 0000877212-22-000096
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000877212-21-000121
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000877212-20-000112
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-19-151905
  13. 0001193125-18-170245
  14. 0001193125-17-180414
  15. 0001193125-16-598350
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Zebra Technologies executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ZBRA (accessed 2026).
Short form: data: Velarion

The paid brief for Zebra Technologies

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.
15 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 Zebra Technologies discloses

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

Agilent Technologies, Inc.Arista Networks, Inc.Autodesk, Inc.Cadence Design Systems, Inc.F5, Inc.Insight Enterprises, Inc.Juniper Networks, Inc.Keysight Technologies, Inc.Motorola Solutions, Inc.NetApp, Inc.Rockwell Automation, Inc.Teledyne Technologies IncorporatedVontier Corporation

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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