ProxyMiner / Company

Fortinet, Inc.FTNT

Latest proxy: 2026 · view on SEC ↗ · CIK 0001262039

CEO total pay

$11,458,039

Ken Xie · 2025

Say on pay

Not disclosed

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CEO pay ratio

Not in CD&A

Median employee: $152,084

Compensation committee

CD&A

Not extracted

Per the latest proxy

Filings indexed: 2 · 2026 · 2025

Executive pay

What did they pay them?

From the Summary Compensation Table. Pay mix and YoY are computed from these rows.

ExecutiveRoleTotalYoYPay mixSalaryStockCash incentiveOther
Ken Xie2025 compensation
Chief Executive Officer
$11,458,039↓ 13%
95% at-risk
$597,000$10,155,102$705,937—
Keith Jensen2025 compensation
Former Chief Financial Officer
$5,658,386→ 0%
95% at-risk
$253,000$5,124,296$254,686$26,404
Christiane Ohlgart2025 compensation
Chief Financial Officer
$4,424,743
89% at-risk
$468,864$3,650,228$298,651$7,000
Michael Xie2025 compensation
President and Chief Technology Officer
$6,576,556→ 0%
93% at-risk
$445,000$5,802,680$328,876—
John Whittle2025 compensation
Chief Operating Officer
$6,037,415↑ 7%
92% at-risk
$506,000$5,077,415$447,000$7,000

Pay mix: base cash incentive equity other

CD&A excerpt

Compensation discussion & analysis

Opening passage of the loaded filing's CD&A. Use Ask below to query the full text with citations.

This Compensation Discussion and Analysis provides information about the 2025 compensation arrangements for each individual who served as one of our executive officers during 2025, who were as follows: • Ken Xie, our Chief Executive Officer; • Michael Xie, our President and Chief Technology Officer; • Christiane Ohlgart, our Chief Financial Officer; • Keith Jensen, our former Chief Financial Officer; and • John Whittle, our Chief Operating Officer; We refer to these individuals as “named executive officers” or our “NEOs” in this Proxy Statement. Upon his retirement, Mr. Jensen resigned as our Chief Financial Officer on May 15, 2025, at which time the Board of Directors appointed Christiane Ohlgart to serve as Chief Financial Officer. Mr. Jensen began serving as a member of Fortinet’s Strategic Advisory Council on August 5, 2025 and remains a member. 2025 Business Highlights The goal of our compensation programs is to ensure that the interests of our team members, including our NEOs, are aligned with the interests of our stockholders and our business goals, and that the total compensation paid to each of our NEOs is fair, reasonable and competitive. During 2025, we made significant …

Read the full CD&A on SEC.gov ↗

Peer comparison

Who they benchmark against

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Governance

Policy guardrails

  • change in control

    Change of Control Severance Agreements

    “Change of Control Severance Agreements”

  • hedging

    Policy on Pledging and Hedging of Company Stock

    “Policy on Pledging and Hedging of Company Stock”

  • pledging

    Policy on Pledging and Hedging of Company Stock

    “Policy on Pledging and Hedging of Company Stock”

  • clawback

    present

    “Clawback Policy discussed above in “— Corporate Governance — Clawback Policy.””

  • compensation consultant

    independent

    “independent compensation consultant to provide advice on matters relating to the compensation of our NEOs and non-employee directors”

  • compensation committee

    Role of Executives in Executive Compensation Decisions The Human Resources Committee generally seeks input from our Chief Executive Officer, Mr

    “Role of Executives in Executive Compensation Decisions The Human Resources Committee generally seeks input from our Chief Executive Officer, Mr”

Performance markers

Metric facts

  • revenue

    $6.80 billion

    “business goals, and that the total compensation paid to each of our NEOs is fair, reasonable and competitive. During 2025, we made significant progress on our business goals, with strong results across all our key operat…”

  • operating income

    $2.08 billion

    “across all our key operating metrics, including the following achievements that impacted executive compensation: • Total revenue was $6.80 billion for 2025, an increase of 14% compared to $5.96 billion in 2024. • Total g…”

  • annual incentive payout

    35%

    “Overall Bonus Program) Billings (35% of Overall Bonus Program) Operating Income (30% of Overall Bonus Program) Performance (% Target) Bonus Funding (% of Target) Performance (% Target) Bonus Funding (% of Target) Perform…”

  • median employee compensation

    $152,084

    “Disclosure As required by Item 402(u) of Regulation S-K, we are providing the following information about the relationship of the annual total compensation our Chief Executive Officer, Mr. Ken Xie (our “CEO”), and the me…”

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