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Tech — Software

Zscaler Executive Compensation (FY25)

ZS · San Jose, CA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Jay Chaudhry
Median of the other named officers
$24,817,159
5 officers, excluding the chief executive
Latest say-on-pay support
=
January 12, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): January 15, 2026
12 filings cited on this page
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252 figures on this page: 246 cited to the filing that reported them, 6 calculated from figures it prints. See the citations

More on Zscaler

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 — Jay Chaudhry: $25,162 → $29,753
Say-on-pay support: 93.3% → 93.2% (0.1 points lower)
CEO pay ratio: 0.2:1 → 0.2:1 (33.3% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Zscaler's chief executive and what were they paid?
Jay Chaudhry was paid $29,753 in total compensation as Chief Executive Officer and Chairman of the Board for fiscal 2025. Chaudhry's total was up from the $25,162 reported for fiscal 2024.
What was Zscaler's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 93.2% of votes cast for or against in favor at the meeting held January 12, 2026.
Which companies are in Zscaler's peer group?
Companies named in the disclosed peer group include ANSYS, Arista Networks, Bill.com Holdings, Cloudflare and CrowdStrike Holdings, among others.
What is Zscaler's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 0.2:1, against median employee compensation of $142,139.

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
Dali Rajic
Chief Operating Officer
◇—◇—◇——◇
Jay Chaudhry
Chief Executive Officer and Chairman of the Board
◇—◇————◇
Amit Sinha
Former President
Departed during or after this year
◇—◇—◇——◇
Remo Canessa
Chief Financial Officer
◇—◇—◇——◇
Robert Schlossman
Chief Legal Officer and Secretary
◇—◇—◇——◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dali Rajic
Chief Operating Officer
◇—◇—◇——◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mike Rich
Chief Revenue Officer
◇◇◇◇◇—◇◇
Remo Canessa
Chief Financial Officer
◇—◇—◇—◇◇
Robert Schlossman
Chief Legal Officer
◇—◇—◇—◇◇
Syam Nair
Chief Technology Officer
◇—◇—◇—◇◇
Jay Chaudhry
Chief Executive Officer
◇—————◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kevin Rubin
Chief Financial Officer
◇—◇◇◇—◇◇
Adam Geller
Chief Product Officer
◇—◇◇◇——◇
Raj Judge
Executive Vice President of Corporate Strategy
◇—◇—◇——◇
Mike Rich
Chief Revenue Officer and President of Global Sales
◇—◇—◇——◇
Remo Canessa
Former Chief Financial Officer
Departed during or after this year
◇———◇—◇◇
Jay Chaudhry
Chief Executive Officer and Chairman of the Board
◇—————◇◇
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
Adam GellerRSU◇——◇——◇
Adam GellerPSU◇—◇———◇
Adam GellerPSU◇—◇———◇
Adam GellerRSU◇——◇——◇
Adam GellerPSU◇—◇———◇
Kevin RubinRSU◇——◇——◇
Kevin RubinPSU◇—◇———◇
Kevin RubinRSU◇——◇——◇
Kevin RubinPSU◇—◇———◇
Mike RichRSU◇——◇——◇
Mike RichPSU◇—◇———◇
Mike RichPSU◇—◇———◇
Mike RichPSU◇—◇———◇
Raj JudgeRSU◇——◇——◇
Raj JudgeRSU◇——◇——◇
Raj JudgePSU◇—◇———◇
Raj JudgePSU◇—◇———◇
Raj JudgePSU◇—◇———◇
Fiscal 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
Jay ChaudhryRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Raj JudgeRSU◇◇——
RSU◇◇——
RSU◇◇——
Mike RichRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇12/01/33
Kevin RubinRSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
Adam GellerRSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
Remo CanessaRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
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.
Jay Chaudhry
Chief Executive Officer and Chairman of the Board · Employment agreement · citing a 2018 filing
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇
Mike Rich
Chief Revenue Officer and President of Global Sales · Offer letter
Severance multiple◇
Severance base◇
Remo Canessa
Former Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance base◇
Severance cash amount◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew Brown
◇◇————◇
Karen Blasing
◇◇————◇
Charles Giancarlo
◇◇————◇
Scott Darling
◇◇————◇
James Beer
◇◇————◇
Eileen Naughton
◇◇————◇
David Schneider
◇◇————◇
Jay Chaudhry and Raj Judge 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◇
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
  • ANSYS ANSYS
  • Arista Networks ANET
  • Bill.com Holdings BILL
  • Cloudflare NET
  • CrowdStrike Holdings CRWD
  • Datadog DDOG
  • DocuSign DOCU
  • Dynatrace DT
  • Fortinet FTNT
  • HubSpot HUBS
  • MongoDB MDB
  • Okta OKTA
  • Palantir Technologies PLTR
  • Palo Alto Networks PANW
  • Paycom Software PAYC
  • Snowflake SNOW
  • Twilio TWLO
  • Unity Software U
  • Veeva Systems VEEV
  • Zoominfo Technologies GTM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025January 12, 2026=◇◇◇
2024January 10, 2025=◇◇◇
2023January 5, 2024=◇◇◇
2022January 13, 2023=◇◇◇
2021January 5, 2022=◇◇◇
2020January 6, 2021=◇◇◇

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?”
- Jay Chaudhry (Chief Executive Officer and Chairman of the Board), FY2025 total compensation $29,753 (base salary $23,660) [exec_comp, SEC accession 0001713683-25-000198, filed 2025-11-21]

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What this page does not include

Everything above is a fact Zscaler disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Zscaler 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 — $499
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.
252 figures on this page: 246 cited to the filing that reported them, 6 calculated from figures it prints.
246 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001713683-26-000031
  2. 0001713683-25-000198
    CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · Summary Compensation Table
  3. 0001713683-25-000020
  4. 0001713683-24-000139
    Summary Compensation Table
  5. 0001713683-24-000109
    Employment Agreement
  6. 0001713683-24-000018
  7. 0001628280-23-039884
    Fiscal 2023 Summary Compensation Table
  8. 0001713683-23-000017
  9. 0001713683-22-000115
    Fiscal 2022 Summary Compensation Table
  10. 0001713683-22-000021
  11. 0001713683-21-000017
  12. 0001193125-18-048303
    EX-10.12
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Zscaler executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ZS (accessed 2026).
Short form: data: Velarion

The paid brief for Zscaler

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.
12 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 Zscaler discloses

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

ANSYSArista NetworksBill.com HoldingsCloudflareCrowdStrike HoldingsDatadogDocuSignDynatraceFortinetHubSpotMongoDBOktaPalantir TechnologiesPalo Alto NetworksPaycom SoftwareSnowflakeTwilioUnity SoftwareVeeva SystemsZoominfo Technologies

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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