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Corsair Gaming, Inc.

CRSR · FY2025

ALIGNED

CEO Package

$1.2M

Pay Ratio

—

Andrew J. Paul

Pay reset -80.4% while TSR improved +43.0 pts

Fortinet, Inc.

FTNT · FY2025

MIXED

CEO Package

$11.5M

Pay Ratio

—

Ken Xie

Both pay and TSR fell, but the reset was partial

Palo Alto Networks Inc

PANW · FY2025

ALIGNED

CEO Package

$26.5M

Pay Ratio

—

Nikesh Arora

Pay fell roughly in step with TSR

CEOTotal Compensation — All Companies

CRSR$1.2MFTNT$11.5MPANW$26.5M

All values are grant-date fair value as reported in proxy statements.

Key Differences

The fastest way to read this comparison before dropping into the tables.

PANW carries the largest package at $26.5M, about 22.6x CRSR.
FTNT reads mixed, while CRSR looks aligned.
FTNT is the most equity-heavy package, while CRSR leans hardest on non-equity incentive compensation.

Pay Component Breakdown

Latest CEO package mix by company. This stays on the CEO package even if the chart above is showing Top 5 pay.

CRSR

Andrew J. Paul

$1.2M

base salary38%
non-equity incentive compensation54%
other compensation7%

FTNT

Ken Xie

$11.5M

base salary5%
stock awards89%
non-equity incentive compensation6%

PANW

Nikesh Arora

$26.5M

base salary4%
stock awards48%
option awards48%

Quick Comparison

CompanyCEOLatest YearTotal Comp
Corsair Gaming, Inc.(CRSR)Andrew J. Paul2025$1.2M
Fortinet, Inc.(FTNT)Ken Xie2025$11.5M
Palo Alto Networks Inc(PANW)Nikesh Arora2025$26.5M

Note: All compensation values shown are grant-date fair value as reported in proxy statements. Direct comparisons should account for differences in company size, industry, and compensation structure.

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