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Matthew Prince received $2.1M in total compensation as Chief Executive Officer of Cloudflare, Inc. in FY2024. The largest component was $1.7M in other compensation. That’s down 90% from FY2023. Source: SEC DEF 14A.
In fiscal year 2024, Matthew Prince, Chief Executive Officer of Cloudflare, Inc. (NET), received total compensation of $2.1 million.
Matthew Prince's compensation breakdown includes: base salary of $400K, and other compensation of $1.7 million.
Compared to fiscal year 2023, Matthew Prince's total compensation decreased 90% from $20.5 million to $2.1 million.
Cloudflare, Inc.'s top 4 named executive officers received combined total compensation of $20.0 million in fiscal year 2024.
The named executive officers disclosed in Cloudflare, Inc.'s 2024 proxy statement are:Matthew Prince (Chief Executive Officer) with total compensation of $2.1 million, Thomas Seifert (Chief Financial Officer) with total compensation of $10.9 million, Douglas Kramer (Chief Legal Officer and Secretary) with total compensation of $5.7 million, and Michelle Zatlyn (President) with total compensation of $1.4 million.
Source Filing
Executive Record
Matthew Prince
Chief Executive Officer
Reported Pay
$2.1M
Summary compensation table total · FY2024
Findings
Reviewing FY2024 compensation of $2.1M against +29% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed -90%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for NET.
Team view
4 executives
Chief Executive Officer
Total PayFY2024
$2.1M
Chief Financial Officer
Total PayFY2024
$10.9M
Chief Legal Officer and Secretary
Total PayFY2024
$5.7M
President
Total PayFY2024
$1.4M
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01FY2024 total compensation breakdown
$2.1M total compensation
Matthew Prince earned $2.1M in FY2024 — here's how that breaks down.
$1.7M
81% of total
$400.0K
19% of total
Activity timeline · FY2024
Recent events from filings
Apr 21, 2025
Thomas Seifert RSU – 2019 Plan
Apr 21, 2025
Douglas Kramer RSU – 2019 Plan
Sep 13, 2024
Named Executive Officers — Severance | Termination outside of the 3 months prior to and 12 months after a change in control, other than for cause, death, or disability: 6 months base salary and 12 months of COBRA premiums.; Termination during the change in control period (as defined) by the company (not for cause, death, or disability) OR by the executive due to "constructive termination": 12 months base salary, prorated target annual bonus, 100% acceleration of unvested time-based equity awards, and 12 months of COBRA premiums.; Payments are subject to repayment if grounds for termination for cause are later discovered.; Payments are subject to the company's clawback policy.; Participants must sign a separation agreement and release of claims.; The policy terminates five years from the Policy Effective Date.; No tax gross-ups are provided.
Feb 29, 2024
Mark Anderson — Director Resignation | Resigned from the Board of Directors, effective immediately.; Decision to resign was not based on any disagreement with the Company.; Mr. Anderson was appointed as the Company's President of Revenue earlier this year.
Jan 24, 2024
Thomas Seifert Equity award
Jan 24, 2024
Douglas Kramer Equity award
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 $70.4B market cap, based on 313 peers in this size band.
03Recent insider trades by officers and directors
~40 trades
04Showing FY2024 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.
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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 | Matthew Prince Chief Executive Officer | $0.40M | $0.00M | $0.00M | $0.00M | $1.68M | $2.08M |
| 2023 | Matthew Prince Chief Executive Officer | $0.40M | $0.00M | $19.3M | $0.00M | $0.78M | $20.5M |
| 2022 | Matthew Prince Chief Executive Officer | $0.40M | $0.00M | $0.00M | $0.00M | $0.20M | $0.60M |
| 2021 | Matthew Prince Chief Executive Officer | $0.40M | $0.00M | $0.00M | $0.00M | $0.00M | $0.40M |
| 2020 | Matthew Prince Chief Executive Officer | $0.40M | $0.00M | $0.00M | $0.00M | $0.03M | $0.43M |
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.
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Cloudflare, Inc. (NET) — Key Facts
Last updated Apr 4, 2026 · DEF 14A filed Apr 21, 2025
| CEO | Matthew Prince, Chief Executive Officer |
|---|---|
| Fiscal year | FY2024 |
| Total compensation | $2.1M |
| Base salary | $400K |
| Other compensation | $1.7M |
| Year-over-year change | -90% |
| Source | DEF 14A, 2025-04-21 |
Matthew Prince, the Chief Executive Officer of Cloudflare, Inc., received total compensation of $2.1 million in fiscal year 2024. This includes base salary of $400,000.
Matthew Prince's base salary at Cloudflare, Inc. is $400,000 per year as of fiscal year 2024. However, total compensation including stock awards, bonuses, and other benefits is $2.1 million.
Cloudflare, Inc.'s CEO, Matthew Prince, earned $2.1 million in total compensation for fiscal year 2024.