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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 DEF 14A.
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
$60.6MSummary compensation table total · FY2025
Findings
Reported pay surged from $2.1M to $60.6M, a $58.5M increase, driven by a $58.3M stock award granted on February 5, 2025 at $144.29 per share.
The stock price rose 83% during fiscal 2025, from $107.68 to $197.15, delivering strong shareholder returns but the CEO's pay increase vastly outpaced that gain.
The CEO's reported compensation of $60.6M exceeded the 83% stock return by more than 2,700 percentage points, a massive disconnect between pay and shareholder value creation.
CEO salary was only $537,500 and received no bonus or incentive payments, meaning the entire pay package was the equity grant with no performance conditions disclosed.
Cloudflare, Inc. (NET) — Key Facts
Last updated Jul 16, 2026 · DEF 14A filed Jun 9, 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 | DEF 14A, 2026-06-09 |
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).
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