Loading
Ken Xie received $13.1M in total compensation as Chief Executive Officer of Fortinet, Inc. in FY2024. The largest component was $11.9M in stock awards. That’s down 19% from FY2023. Source: SEC DEF 14A.
In fiscal year 2024, Ken Xie, Chief Executive Officer of Fortinet, Inc. (FTNT), received total compensation of $13.1 million.
Ken Xie's compensation breakdown includes: base salary of $597K, stock awards valued at $11.9 million, non-equity incentive compensation of $606K,.
Compared to fiscal year 2023, Ken Xie's total compensation decreased 19% from $16.3 million to $13.1 million.
Fortinet, Inc.'s top 4 named executive officers received combined total compensation of $31.0 million in fiscal year 2024.
The named executive officers disclosed in Fortinet, Inc.'s 2024 proxy statement are:Ken Xie (Chief Executive Officer) with total compensation of $13.1 million, Michael Xie (President and Chief Technology) with total compensation of $6.6 million, John Whittle (Chief Financial Officer) with total compensation of $5.7 million, and Keith Jensen (Chief Financial Officer) with total compensation of $5.7 million.
Source Filing
Executive Record
Ken Xie
Chief Executive Officer
Reported Pay
$13.1M
Summary compensation table total · FY2024
Findings
Reviewing FY2024 compensation of $13.1M against +61% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed -19%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for FTNT.
Team view
4 executives
Chief Executive Officer
Total PayFY2024
$13.1M
President and Chief Technology
Total PayFY2024
$6.6M
Chief Financial Officer
Total PayFY2024
$5.7M
Chief Financial Officer
Total PayFY2024
$5.7M
Ask a question about this filing
01FY2024 total compensation breakdown
$13.1M total compensation
Ken Xie earned $13.1M in FY2024 — here's how that breaks down.
$11.9M
91% of total
$606.5K
5% of total
$597.0K
5% of total
Activity timeline · FY2024
Recent events from filings
Apr 25, 2025
Ken Xie Cash Cash – Cash
Apr 25, 2025
Michael Xie Cash Cash – Cash
Apr 25, 2025
Keith Jensen Cash Cash – Cash
Apr 25, 2025
John Whittle Cash Cash – Cash
Apr 25, 2025
Ken Xie grant (Cash Cash)
CashNov 7, 2024
Janet Napolitano — Director Compensation | Annual cash retainer of $55,000 for serving on the Board.; Annual cash retainers for service on any committees of the Board (amount not specified).; Grant of Restricted Stock Units (RSUs) with a target award value based on the peer 50th percentile per Compensia's director compensation analysis.; RSU award is pro-rated based on the days from start date through the 2025 Annual Meeting.; RSUs will vest on the day prior to the 2025 Annual Meeting.; Standard form of indemnification agreement for non-executive directors.; Standard form of change of control agreement for non-executive directors: all unvested equity awards, including RSUs, vest immediately prior to a change of control.
Nov 6, 2024
Janet Napolitano RSU – Non-employee director compensation policy
Jul 19, 2024
Mary Agnes Wilderotter — Director Compensation | Appointed to the Governance Committee of the Board, effective July 19, 2024.
A pay-performance summary will appear here once the verdict loads above.
02Pay changes vs. stock performance
1 year of data
Peer context
Dashed line marks the large-cap median compensation benchmark for companies around $59.2B market cap, based on 312 peers in this size band.
03Recent insider trades by officers and directors
~32 trades
04Showing FY2025 data (latest available)
FY2026 does not include director compensation in our current dataset, so we're showing the latest board table we found.
We're loading the latest director compensation and board makeup.
05Take action on executive compensation
Shareholder activism tools
Start or join campaigns to engage with FTNT's board on executive compensation, governance, and shareholder proposals.
Activism Beta — Sign in to start or join campaigns
06For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2024 | Ken Xie Chief Executive Officer | $0.60M | $0.61M | $11.9M | $0.00M | $0.00M | $13.1M |
| 2023 | Ken Xie Chief Executive Officer | $0.62M | $0.60M | $15.1M | $0.00M | $0.00M | $16.3M |
| 2022 | Ken Xie Chief Executive Officer | $0.80M | $0.98M | $5.98M | $6.45M | $0.00M | $14.2M |
| 2021 | Ken Xie Chief Executive Officer | $0.80M | $1.02M | $6.24M | $6.15M | $0.00M | $14.2M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
Get one email when new executive compensation data is filed and processed.
Fortinet, Inc. (FTNT) — Key Facts
Last updated Apr 2, 2026 · DEF 14A filed Apr 25, 2025
| CEO | Ken Xie, Chief Executive Officer |
|---|---|
| Fiscal year | FY2024 |
| Total compensation | $13.1M |
| Base salary | $597K |
| Stock awards | $11.9M |
| Year-over-year change | -19% |
| Source | DEF 14A, 2025-04-25 |
Ken Xie, the Chief Executive Officer of Fortinet, Inc., received total compensation of $13.1 million in fiscal year 2024. This includes base salary of $597,000 and stock awards valued at $11.9 million.
Ken Xie's base salary at Fortinet, Inc. is $597,000 per year as of fiscal year 2024. However, total compensation including stock awards, bonuses, and other benefits is $13.1 million.
Fortinet, Inc.'s CEO, Ken Xie, earned $13.1 million in total compensation for fiscal year 2024. The majority of this compensation comes from stock awards ($11.9 million) rather than base salary ($597,000).