Companies Citrix Systems
Citrix Systems (CTXS): executive pay, fiscal 2020
Free brief. Every figure links to the company’s own filing.
Citrix Systems no longer files a proxy statement; its last pay data is FY2020.
CEO pay, last three years
- $19,258,102FY2018
- $22,596,498FY2020
CEO total pay was $22,596,498 in fiscal 2020, up from $19,258,102 in fiscal 2018.
FY2020: salary $1,000,000 · bonus $0 · stock awards $18,685,309 · option awards $0
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| David Henshall | $1,000,000 | $0 | $18,685,309 | $0 | $2,417,400 | $0 | $493,789 | $22,596,498 |
| President and Chief Executive Officer | ||||||||
| Woong Kim | 41,667 | 400,000 | 8,433,871 | 0 | 61,426 | 0 | 23,608 | 8,960,572 |
| Executive Vice President of Engineering and Chief Technology Officer | ||||||||
| Paul Hough | 509,750 | 0 | 7,297,497 | 0 | 739,388 | 0 | 252,764 | 8,799,399 |
| Executive Vice President and Chief Product Officer | ||||||||
| Antonio Gomes | 500,000 | 0 | 7,370,063 | 0 | 725,220 | 0 | 178,138 | 8,773,421 |
| Executive Vice President, Chief Legal Officer and Secretary | ||||||||
| Arlen Shenkman | 575,000 | 500,000 | 5,590,607 | 0 | 926,670 | 0 | 270,880 | 7,863,157 |
| Executive Vice President and Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2020 total | FY2019 total | FY2018 total | Δ FY2019→2020 |
|---|---|---|---|---|
| David Henshall | $22,596,498 | — | $19,258,102 | — |
| Woong Kim | 8,960,572 | — | — | — |
| Paul Hough | 8,799,399 | — | 6,232,029 | — |
| Antonio Gomes | 8,773,421 | — | 6,158,955 | — |
| Arlen Shenkman | 7,863,157 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2020
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Antonio Gomes | RSU | 5,235 | — | $681,111 |
| Paul Hough | RSU | 5,235 | — | 681,111 |
| Paul Hough | RSU | 10,373 | — | 1,349,623 |
| Antonio Gomes | RSU | 10,419 | — | 1,355,532 |
| Paul Hough | RSU | 10,419 | — | 1,355,532 |
| Antonio Gomes | RSU | 10,535 | — | 1,370,729 |
| Arlen Shenkman | RSU | 12,480 | — | 1,623,743 |
| Paul Hough | PSU | 15,560 | — | 2,024,369 |
| Antonio Gomes | PSU | 15,628 | — | 2,033,293 |
| Paul Hough | PSU | 15,628 | — | 2,033,293 |
| Antonio Gomes | PSU | 15,802 | — | 2,055,963 |
| Antonio Gomes | PSU | 16,338 | — | 2,125,588 |
| Paul Hough | PSU | 16,338 | — | 2,125,588 |
| Arlen Shenkman | PSU | 18,721 | — | 2,435,614 |
| David Henshall | RSU | 19,039 | — | 2,477,039 |
| Arlen Shenkman | RSU | 21,058 | — | 2,931,274 |
| David Henshall | PSU | 21,194 | — | 2,757,404 |
| Antonio Gomes | PSU | 21,347 | — | 2,777,245 |
| Paul Hough | PSU | 21,347 | — | 2,777,245 |
| David Henshall | RSU | 27,329 | — | 3,555,512 |
| David Henshall | RSU | 34,037 | — | 4,428,258 |
| Antonio Gomes | RSU | 35,823 | — | 4,782,952 |
| Paul Hough | RSU | 35,823 | — | 4,782,952 |
| Arlen Shenkman | RSU | 42,228 | — | 5,493,990 |
| David Henshall | PSU | 51,055 | — | 6,642,322 |
| David Henshall | PSU | 61,488 | — | 7,999,674 |
| Woong Kim | RSU | 67,331 | — | 8,759,775 |
| David Henshall | PSU | 77,624 | — | 10,098,882 |
| David Henshall | RSU | 107,277 | — | 14,171,585 |
Director compensation
No director compensation table is on file for fiscal year 2020.
Board fee structure and ownership guideline
| Annual cash retainer | $70,000 |
|---|---|
| Annual equity retainer | $250,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 42,500 / 32,500 / 25,000 |
| Stock ownership guideline | 5x annual cash retainer |
Peer group, and who names Citrix Systems as a peer
Companies that benchmark against CTXS
No companies currently name CTXS as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Citrix Systems | 2020 | David Henshall | $1,000,000 | $18,685,309 | $0 | $2,417,400 | $22,596,498 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2021 | 2021-06-04 | 94,288,108 | 9,539,058 | 1,100,938 | 90.81% | Passed |
| 2020 | 2020-06-03 | 92,844,993 | 6,214,864 | 97,311 | 93.73% | Passed |
| 2019 | 2019-06-04 | 89,705,745 | 11,064,044 | 63,185 | 89.02% | Passed |
| 2018 | 2018-06-06 | 92,549,544 | 6,417,640 | 78,329 | 93.52% | Passed |
| 2017 | 2017-06-27 | 95,328,848 | 15,511,237 | 218,828 | 86.01% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2021 | 2021-06-04 | 90.81%a |
| 2020 | 2020-06-03 | 93.73%b |
| 2019 | 2019-06-04 | 89.02%c |
a. Approved under the standard stated in the filing — “Similarly, abstentions are not counted as votes cast and thus will have no effect on any proposal.”.
b. Approved under the standard stated in the filing — “Similarly, abstentions are not counted as votes cast and thus will have no effect on any proposal.”.
c. Approved under the standard stated in the filing — “Similarly, abstentions are not counted as votes cast and thus will have no effect on any proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 174 : 1 |
|---|---|
| CEO total compensation | $22,596,499 |
| Median employee compensation | $129,724 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (10 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, David Henshall. DEF 14A, filed 2021-04-16. Section “Executive Compensation” · page 68. As printed: 22,596,498. View filing ↗
- Section 01, Woong Kim. DEF 14A, filed 2021-04-16. Section “Executive Compensation” · page 68. As printed: 8,960,572. View filing ↗
- Section 01, Paul Hough. DEF 14A, filed 2021-04-16. Section “Executive Compensation” · page 68. As printed: 8,799,399. View filing ↗
- Section 01, Antonio Gomes. DEF 14A, filed 2021-04-16. Section “Executive Compensation” · page 68. As printed: 8,773,421. View filing ↗
- Section 01, Arlen Shenkman. DEF 14A, filed 2021-04-16. Section “Executive Compensation” · page 68. As printed: 7,863,157. View filing ↗
- Section 07, pay ratio. DEF 14A. Section “CEO Pay Ratio”. As printed: 174 : 1. View filing ↗
- Section 06, 2021 vote. Form 8-K, filed 2021-06-08. Item 5.07 · say-on-pay result. As reported: 90.81% (votes for as printed: 94,288,108). View filing ↗
- Section 06, 2020 vote. Form 8-K, filed 2020-06-05. Item 5.07 · say-on-pay result. As reported: 93.73%. View filing ↗
- Section 06, 2019 vote. Form 8-K, filed 2019-06-06. Item 5.07 · say-on-pay result. As reported: 89.02% (votes for as printed: 89,705,745). View filing ↗
- Citrix Systems (subject), Section 10b CEO total. DEF 14A, filed 2021-04-16. CEO total compensation as printed in Citrix Systems's own proxy. As printed: 22,596,498. View filing ↗