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Matthew Prince received $60.6M in total compensation as Chief Executive Officer of Cloudflare, Inc. in FY2025. The largest component was $58.3M in stock awards. That’s up 2810% from FY2024. Source: SEC 10-K/A.
In fiscal year 2025, Matthew Prince, Chief Executive Officer of Cloudflare, Inc. (NET), received total compensation of $60.6 million.
Matthew Prince's compensation breakdown includes: base salary of $538K, stock awards valued at $58.3 million, and other compensation of $1.8 million.
Compared to fiscal year 2024, Matthew Prince's total compensation increased 2810% from $2.1 million to $60.6 million.
Cloudflare, Inc.'s top 4 named executive officers received combined total compensation of $137.0 million in fiscal year 2025.
The named executive officers disclosed in Cloudflare, Inc.'s 2025 proxy statement are:Matthew Prince (Chief Executive Officer) with total compensation of $60.6 million, Michelle Zatlyn (President) with total compensation of $60.0 million, Thomas Seifert (Chief Financial Officer) with total compensation of $10.7 million, and Douglas Kramer (Former Chief Legal Officer and Secretary) with total compensation of $5.6 million.
Source Filing
Executive Record
Matthew Prince
Chief Executive Officer
Reported Pay
$60.6M
Summary compensation table total · FY2025
Findings
Reviewing FY2025 compensation of $60.6M against +83% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed +999%; 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 PayFY2025
$60.6M
President
Total PayFY2025
$60.0M
Chief Financial Officer
Total PayFY2025
$10.7M
Former Chief Legal Officer and Secretary
Total PayFY2025
$5.6M
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01FY2025 total compensation breakdown
$60.6M total compensation
Matthew Prince earned $60.6M in FY2025— here's how that breaks down.
$58.3M
96% of total
$1.8M
3% of total
$537.5K
1% of total
Activity timeline · FY2025
Recent events from filings
Feb 5, 2025
Matthew Prince Equity award (175,111 target units, 175,111 maximum, Grant FV $20,783,028)
Feb 5, 2025
Matthew Prince stock (Grant FV $37,468,073, Exercise $144.29)
Feb 5, 2025
Michelle Zatlyn Equity award (175,111 target units, 175,111 maximum, Grant FV $20,783,028)
Feb 5, 2025
Michelle Zatlyn stock (Grant FV $37,468,073, Exercise $144.29)
Feb 5, 2025
Thomas Seifert stock (Grant FV $9,991,505, Exercise $144.29)
Feb 5, 2025
Douglas Kramer stock (Grant FV $4,995,753, Exercise $144.29)
Feb 5, 2025
Matthew Prince grant (Equity)
$20.8M
Feb 5, 2025
Matthew Prince grant (stock)
$37.5M
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 $94.9B market cap, based on 339 peers in this size band.
03Recent insider trades by officers and directors
~40 trades
04Showing FY2025 data (latest available)
FY2026does 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 |
|---|---|---|---|---|---|---|---|
| 2025 | $0.54M | $0.00M | $58.3M | $0.00M | $1.76M | $60.6M | |
| 2024 | $0.40M | $0.00M | $0.00M | $0.00M | $1.68M | $2.08M | |
| 2023 | $0.40M | $0.00M | $19.3M | $0.00M | $0.78M | $20.5M | |
| 2022 | $0.40M | $0.00M | $0.00M | $0.00M | $0.20M | $0.60M | |
| 2021 | $0.40M | $0.00M | $0.00M | $0.00M | $0.00M | $0.40M | |
| 2020 | $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 Jun 2, 2026 · 10-K/A filed Apr 29, 2026
| CEO | Matthew Prince, Chief Executive Officer |
|---|---|
| Fiscal year | FY2025 |
| Total compensation | $60.6M |
| Base salary | $538K |
| Stock awards | $58.3M |
| Other compensation | $1.8M |
| Year-over-year change | +2810% |
| Source | 10-K/A, 2026-04-29 |
Matthew Prince, the Chief Executive Officer of Cloudflare, Inc., received total compensation of $60.6 million in fiscal year 2025. This includes base salary of $537,500 and stock awards valued at $58.3 million.
Matthew Prince's base salary at Cloudflare, Inc. is $537,500 per year as of fiscal year 2025. However, total compensation including stock awards, bonuses, and other benefits is $60.6 million.
Cloudflare, Inc.'s CEO, Matthew Prince, earned $60.6 million in total compensation for fiscal year 2025. The majority of this compensation comes from stock awards ($58.3 million) rather than base salary ($537,500).