Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-11

Zebra Technologies (ZBRA)

CEO William Burns was paid $13,890,300 in fiscal year 2025, ↑ up 3.2% from fiscal year 2024, the 46th percentile of its disclosed peer group (SEC filing 0001104659-26-039488 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$13,890,300 ↑
William Burns total, FY2025
46th
CEO pay percentile vs peers
202:1
CEO-to-median pay ratio
93.25%
Say-on-pay support, latest vote

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ZBRA's next annual pay disclosure, estimated April 9, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
William Burns$1,025,001$0$11,000,214$0$1,763,514$0$101,572$13,890,300
Chief Executive Officer
Nathan Winters640,50004,150,0110734,654048,3795,573,544
Chief Financial Officer
Richard Hudson575,22802,700,1920659,7860312,9264,248,132
Chief Revenue Officer
Cristen Kogl615,00002,500,4390564,324098,8233,778,586
Chief Legal Officer, General Counsel and Corporate Secretary
Joseph White490,94203,125,16500079,1843,695,292
Former Chief Product and Solutions Officer
Jeffrey Schmitz543,50002,200,0430498,716078,3813,320,639
Former Chief People 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
William Burns$13,890,300$13,462,794$11,259,895↑ +427,506
Nathan Winters5,573,5445,501,678—↑ +71,866
Richard Hudson4,248,132———
Cristen Kogl3,778,5863,760,975—↑ +17,611
Joseph White3,695,2924,431,640—↓ −736,348
Jeffrey Schmitz3,320,6393,332,841—↓ −12,202

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against ZBRA
27 companies name ZBRA as a compensation peer

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Anders GustafssonChair of the Board$410,257
Frank B. ModrusonIndependent Director$344,257
Janice M. RobertsIndependent Director$345,257
Kenneth B. MillerIndependent Director$338,757
Linda M. ConnlyIndependent Director$335,257
Mary McDowellIndependent Director$225,462
Michael A. SmithLead Independent Director$386,257
Nelda J. ConnorsIndependent Director$325,257
Richard L. KeyserFormer director (through FY2025)—
Ross W. ManireIndependent Director$355,257
Satish DhanasekaranIndependent Director$325,257
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Anders GustafssonDirector2026-04-07D42,256$0$0Derivative, Class A CommonForm 4 ↗
Anders GustafssonDirector2026-04-07D27921259,271CommonForm 4 ↗
Anders GustafssonDirector2026-04-07A805205165,122CommonForm 4 ↗
Anders GustafssonDirector2026-04-07A32,057511,648,371CommonForm 4 ↗
Anders GustafssonDirector2026-04-07D23,37900Derivative, Class A CommonForm 4 ↗
Anders GustafssonDirector2026-04-07D13,6212132,902,090CommonForm 4 ↗
Bill BurnsDirector2026-04-08D4,36400Derivative, Class A CommonForm 4 ↗
Bill BurnsDirector2026-04-08A35820573,433CommonForm 4 ↗
Bill BurnsDirector2026-04-08D18422441,124CommonForm 4 ↗
Colleen M. O'SullivanChief Accounting Officer2026-05-02D8722719,756CommonForm 4 ↗
Cristen KoglChief Legal Officer2026-05-02D39122788,788CommonForm 4 ↗
Robert John Armstrong JrChief Marketing Officer2026-05-02D14722733,381CommonForm 4 ↗
Tamara Dionne FroeseChief Supply Chain Officer2026-05-02D13922731,564CommonForm 4 ↗
Nathan WintersChief Financial Officer2026-05-02D717227162,816CommonForm 4 ↗
Loizides Melissa LuffChief People Officer2026-05-02D422279,537CommonForm 4 ↗
Bill BurnsDirector2026-05-02D2,005227455,295CommonForm 4 ↗
Michael ChoChief Strategy Officer2026-05-02D16222736,787CommonForm 4 ↗
Richard HudsonChief Revenue Officer2026-05-04D25722457,499CommonForm 4 ↗
Bill BurnsDirector2026-05-04D6,1852241,383,770CommonForm 4 ↗
Robert John Armstrong JrChief Marketing Officer2026-05-04D36722482,109CommonForm 4 ↗
Tamara Dionne FroeseChief Supply Chain Officer2026-05-04D515224115,221CommonForm 4 ↗
Colleen M. O'SullivanChief Accounting Officer2026-05-04D33422474,726CommonForm 4 ↗
Cristen KoglChief Legal Officer2026-05-04D1,501224335,819CommonForm 4 ↗
Nathan WintersChief Financial Officer2026-05-04D2,663224595,793CommonForm 4 ↗
Michael ChoChief Strategy Officer2026-05-04D779224174,286CommonForm 4 ↗
Loizides Melissa LuffChief People Officer2026-05-04D12222427,295CommonForm 4 ↗
Janice M. RobertsDirector2026-05-14D3,000250748,620CommonForm 4 ↗
Linda M. ConnlyDirector2026-05-19A951247235,040CommonForm 4 ↗
Ross W. ManireDirector2026-05-19A951247235,040CommonForm 4 ↗
Michael A. SmithDirector2026-05-19A951247235,040CommonForm 4 ↗
Nelda J. ConnorsDirector2026-05-19A951247235,040CommonForm 4 ↗
Mary McDowellDirector2026-05-19A951247235,040CommonForm 4 ↗
Kenneth B. MillerDirector2026-05-19A951247235,040CommonForm 4 ↗
Janice M. RobertsDirector2026-05-19A951247235,040CommonForm 4 ↗
Anders GustafssonDirector2026-05-19A951247235,040CommonForm 4 ↗
Satish DhanasekaranDirector2026-05-19A951247235,040CommonForm 4 ↗
Frank B. ModrusonDirector2026-05-19A951247235,040CommonForm 4 ↗
Loizides Melissa LuffChief People Officer2026-05-26D500254126,975CommonForm 4 ↗
Loizides Melissa LuffChief People Officer2026-08-03D4629213,415CommonForm 4 ↗
Michael ChoChief Strategy Officer2026-08-07D3,5003751,313,200CommonForm 4 ↗
Linda M. ConnlyDirector2026-08-10D500378188,840CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Richard HudsonPSU2025-03-043545,280—10,560$1,620,115
Joseph WhitePSU2025-03-044096,111—12,2221,875,099
William BurnsPSU2025-03-041,44121,510—43,0206,600,128
William BurnsRSU2025-03-04——14,340—4,400,086
Cristen KoglRSU2025-03-04——3,260—1,000,298
Jeffrey SchmitzPSU2025-03-042884,302—8,6041,320,026
Cristen KoglPSU2025-03-043284,889—9,7781,500,141
Joseph WhiteRSU2025-03-04——4,074—1,250,066
Nathan WintersPSU2025-03-045448,115—16,2302,490,007
Nathan WintersRSU2025-03-04——5,410—1,660,004
Jeffrey SchmitzRSU2025-03-04——2,868—880,017
Richard HudsonRSU2025-03-04——3,520—1,080,077
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Richard Hudson$1,080,077$1,620,115$060.0%
Joseph White1,250,0661,875,099060.0%
William Burns4,400,0866,600,128060.0%
Cristen Kogl1,000,2981,500,141060.0%
Jeffrey Schmitz880,0171,320,026060.0%
Nathan Winters1,660,0042,490,007060.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Nathan WintersRSU1,935—$469,857
Jeffrey SchmitzRSU989—240,149
Joseph WhitePSU2,748—667,269
Nathan WintersPSU7,281—1,767,972
Cristen KoglRSU3,721—942,189
Nathan WintersRSU5,274—1,340,840
Richard HudsonPSU4,466—1,084,434
Richard HudsonPSU5,280—1,282,090
Richard HudsonRSU1,445—350,875
Joseph WhiteRSU841—84,731
William BurnsPSU21,510—5,223,058
William BurnsRSU4,424—1,074,236
Richard HudsonOption189244.97—
Jeffrey SchmitzPSU4,302—1,044,612
William BurnsRSU8,431—2,047,215
William BurnsPSU19,121—4,642,961
Nathan WintersRSU4,073—989,006
William BurnsRSU13,683—3,322,506
Cristen KoglPSU4,889—1,187,147
William BurnsRSU10,898—2,951,703
Richard HudsonRSU161—39,094
Nathan WintersPSU8,115—1,970,484
William BurnsRSU7,963—1,933,576
Nathan WintersRSU5,410—1,313,656
Richard HudsonRSU1,948—519,228
Cristen KoglPSU4,310—1,046,554
Nathan WintersRSU3,236—785,766
Jeffrey SchmitzPSU3,831—930,243
Richard HudsonRSU3,412—828,502
William BurnsOption3,901244.97—
Jeffrey SchmitzRSU3,123—791,310
Richard HudsonRSU347—84,259
William BurnsRSU3,178—771,682
Cristen KoglRSU3,126—759,055
Cristen KoglRSU1,902—461,844
Joseph WhiteRSU2,753—749,825
Jeffrey SchmitzRSU2,748—667,269
Cristen KoglRSU2,395—581,554
Joseph WhiteRSU852—206,883
William BurnsRSU5,463—587,436
Cristen KoglRSU1,113—270,259
Jeffrey SchmitzRSU2,123—515,507
Joseph WhiteRSU1,775—431,006
Jeffrey SchmitzRSU1,690—410,366
Joseph WhiteRSU1,189—288,713
Nathan WintersRSU552—55,791
William BurnsOption4,364205.12—
Nathan WintersOption578244.97—
Cristen KoglOption2,260205.12—
Cristen KoglOption2,454244.97—
Jeffrey SchmitzOption874205.12—
Jeffrey SchmitzOption1,180244.97—
Joseph WhiteOption935205.12—
Joseph WhiteOption1,260245—
05

Incentive-plan design — the Compensation Discussion & Analysis

Zebra's executive compensation program is designed to attract, retain, motivate, develop and reward our NEOs, who are critical to driving the success of our corporate strategy. Under this program, our NEOs are rewarded for the achievement of specific annual, long-term and strategic goals, corporate and individual goals, and the realization of increased stockholder value.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)—
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1937,250,6052,694,95768,16093.25%Passed
20252025-05-0838,135,5572,262,22497,41694.4%Passed
20242024-05-0917,101,92425,454,74732,17040.19%Failed
20232023-05-1137,506,4584,399,63242,08989.5%Passed
20222022-05-1238,198,4394,105,21546,94590.3%Passed
20212021-05-1437,960,7995,288,82150,55987.77%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 yearMeeting dateApproval — company's computation
20262026-05-1993.25%a
20252025-05-0894.4%b
20242024-05-0940.19%c

a. Approved under the standard stated in the filing — “​ ​ Effect of Abstentions Proposal 1 -- Election of four Class III directors with terms to expire in 2029 ​ FOR each nominee ​ Majority of votes cast FOR a nominee must exceed the number of votes cast AGAINST that nominee ​ No effect ​ No effect Proposal 2 -- Advisory vote to approve Named Executive Officers' compensation ​ FOR ​ Majority of the votes cast FOR or AGAINST ​ No effect ​ No effect Proposal 3 -- Approval of the 2026 Long-Term Incentive Plan ​ FOR ​ Majority of the votes cast FOR or AGAINST ​ No effect ​ No effect Proposal 4 -- Ratify the appointment of Ernst & Young LLP as our independent auditors for 2026 ​ FOR ​ Majority of the votes cast FOR or AGAINST ​ y entering their questions in the designated "Ask a Question" field and clicking "Submit." Questions must relate to the matters properly presented at the Annual Meeting.”.

b. Approved under the standard stated in the filing — “If you ABSTAIN from voting on either of Proposals 2 and 3, your abstention will not affect the vote on the proposal since the proposal requires approval of a majority of the votes cast for or against.”.

c. Approved under the standard stated in the filing — “If you ABSTAIN from voting on either of Proposals 2 and 3, your abstention will not affect the vote on the proposal since the proposal requires approval of a majority of the votes cast for or against.”.

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.

07

CEO pay ratio

Ratio (CEO : median employee)202 : 1
CEO total compensation$13,890,300
Median employee compensation$68,738
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Anders GustafssonNot independent · Board Chair$190,000$220,257$0$0$0$410,257
Michael A. SmithIndependent · Lead Independent Director · Nominating/Governance166,000220,257000386,257
Ross W. ManireIndependent · Audit · Nominating/Governance135,000220,257000355,257
Janice M. RobertsIndependent · Compensation (Chair)125,000220,257000345,257
Frank B. ModrusonIndependent · Audit · Nominating/Governance (Chair)124,000220,257000344,257
Kenneth B. MillerIndependent · Audit · Compensation118,500220,257000338,757
Linda M. ConnlyIndependent · Audit · Nominating/Governance115,000220,257000335,257
Satish DhanasekaranIndependent · Compensation105,000220,257000325,257
Nelda J. ConnorsIndependent · Audit105,000220,257000325,257
Mary McDowellIndependent · Compensation · Partial-year service · Newly elected45,652179,810000225,462
Richard L. KeyserDeparted during FY000000
William J. BurnsEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$220,000
Per board meeting fee$2,000
Committee chair fees (audit / comp / nom-gov)30,000 / 30,000 / 15,000
Stock ownership guideline$450,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,229,152
Equity awards (grant-date value)$2,162,123
All other compensation$0
Total cost of the board$3,391,275

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Zebra Technologies names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Zebra Technologies.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Cadence Design Systems, Inc.2025Anirudh Devgan$800,000$54,412,532$0$1,456,271$56,683,576
2Motorola Solutions, Inc.2025Gregory Brown1,350,00018,964,8469,121,5344,507,65034,453,481
3Autodesk, Inc.2026Andrew Anagnost1,040,00027,242,33001,717,56030,091,165
4F5, Inc.2025François Locoh-Donou962,00020,642,85201,398,42123,039,819
5NetApp, Inc.2026George Kurian1,000,00019,552,87201,597,57522,157,635
6Keysight Technologies, Inc.2025Satish Dhanasekaran933,00015,345,17601,575,47318,020,109
7Rockwell Automation, Inc.2025Blake Moret1,210,4567,700,4213,300,0101,737,61015,401,707
8Zebra Technologies2025William Burns1,025,00111,000,21401,763,51413,890,300
9Agilent Technologies, Inc.2025Padraig McDonnell1,141,3458,169,8502,017,7591,436,80912,827,236
10Juniper Networks, Inc.2024Rami Rahim1,000,00010,718,7360875,00012,696,193
11Insight Enterprises, Inc.2025Joyce Mullen1,000,0008,085,32601,383,00010,498,947
12Vontier Corporation2025Mark Morelli1,140,8096,206,90602,079,5769,634,679
13Teledyne Technologies Incorporated2025George C. Bobb III816,827601,5461,730,5221,080,9084,255,049
14Arista Networks, Inc.2025Jayshree Ullal300,0002,262,7850300,0002,872,145

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Zebra Technologies114.7%not disclosedNoFW Cook
Agilent Technologies, Inc.not disclosedPSU 60 · Options 20 · RSU 20NoSemler Brossy
Arista Networks, Inc.100%PSU 50 · RSU 50NoAon
Autodesk, Inc.110.1%PSU 60 · RSU 40Yes — Relative TSR (rTSR) over three-year performance periodExequity LLP
Cadence Design Systems, Inc.not disclosednot disclosedYes — Relative TSR vs. IT companies in S&P 500 and S&P 400Semler Brossy
F5, Inc.111.8%PSU 64 · RSU 36Yes — relative TSRCompensia
Insight Enterprises, Inc.92.2%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (rTSR)Meridian Compensation Partners, LLC
Juniper Networks, Inc.not disclosedPSU 50 · RSU 50NoCompensia, Inc.
Keysight Technologies, Inc.114.09%PSU 60 · RSU 40Yes — 3-Year Relative TSRMeridian Compensation Partners LLC
Motorola Solutions, Inc.not disclosedPSU 33 · Options 33 · MSU 33NoCompensation Advisory Partners LLC
NetApp, Inc.not disclosednot disclosedYes — Relative TSRMeridian Compensation Partners, LLC
Rockwell Automation, Inc.95.7%PSU 40 · Option 30 · RSU 30NoWillis Towers Watson
Teledyne Technologies Incorporatednot disclosedOptions 33 · Cash LTI 33 · PSU 33NoExequity
Vontier Corporation121%PSU 60 · RSU 40NoPearl Meyer

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Zebra Technologies in fiscal 2025?
As disclosed, William Burns (Chief Executive Officer) was the highest-paid executive at Zebra Technologies in fiscal 2025, with total compensation of $13,890,300.
How does Zebra Technologies's chief executive pay compare to its disclosed peer group?
As disclosed, William Burns's total compensation ranked at the 46th percentile of Zebra Technologies's disclosed peer group.
What is Zebra Technologies's CEO-to-median employee pay ratio?
As disclosed, Zebra Technologies's CEO-to-median employee pay ratio was 202:1.
How did shareholders vote on Zebra Technologies's executive compensation?
As disclosed, 93.25% of shareholders supported Zebra Technologies's executive compensation in the latest say-on-pay vote.
How much does Zebra Technologies spend in total on board compensation for fiscal 2025?
As disclosed, Zebra Technologies reported total board compensation of $3,391,275 for fiscal 2025.

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, William BurnsDEF 14A2026-04-030001104659-26-039488Section “Summary Compensation Table” · page 58. As printed: 13,890,300. Filing ↗machine: t171 · r5 · c14 · span 2062887–2062897
2Section 01, Nathan WintersDEF 14A2026-04-030001104659-26-039488Section “Summary Compensation Table” · page 58. As printed: 5,573,544. Filing ↗machine: t171 · r8 · c14 · span 2079425–2079434
3Section 01, Richard HudsonDEF 14A2026-04-030001104659-26-039488Section “Summary Compensation Table” · page 58. As printed: 4,248,132. Filing ↗machine: t171 · r11 · c14 · span 2095711–2095720
4Section 01, Cristen KoglDEF 14A2026-04-030001104659-26-039488Section “Summary Compensation Table” · page 58. As printed: 3,778,586. Filing ↗machine: t171 · r13 · c14 · span 2106686–2106695
5Section 01, Joseph WhiteDEF 14A2026-04-030001104659-26-039488Section “Summary Compensation Table” · page 58. As printed: 3,695,292. Filing ↗machine: t171 · r19 · c14 · span 2139609–2139618
6Section 01, Jeffrey SchmitzDEF 14A2026-04-030001104659-26-039488Section “Summary Compensation Table” · page 58. As printed: 3,320,639. Filing ↗machine: t171 · r16 · c14 · span 2123017–2123026
7Section 03, Richard Hudson PSUDEF 14A1900-01-010001104659-26-039488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 2349150–2349159
8Section 03, Joseph White PSUDEF 14A1900-01-010001104659-26-039488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 2411656–2411665
9Section 03, William Burns PSUDEF 14A1900-01-010001104659-26-039488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 2307517–2307526
10Section 03, William Burns RSUDEF 14A1900-01-010001104659-26-039488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 2300684–2300693
11Section 03, Cristen Kogl RSUDEF 14A1900-01-010001104659-26-039488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 2362952–2362961
12Section 03, Jeffrey Schmitz PSUDEF 14A1900-01-010001104659-26-039488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 2391059–2391068
13Section 03, Cristen Kogl PSUDEF 14A1900-01-010001104659-26-039488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 2370104–2370113
14Section 03, Joseph White RSUDEF 14A1900-01-010001104659-26-039488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 2404835–2404844
15Section 03, Nathan Winters PSUDEF 14A1900-01-010001104659-26-039488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 2328514–2328523
16Section 03, Nathan Winters RSUDEF 14A1900-01-010001104659-26-039488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 2321342–2321351
17Section 03, Jeffrey Schmitz RSUDEF 14A1900-01-010001104659-26-039488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 2383909–2383916
18Section 03, Richard Hudson RSUDEF 14A1900-01-010001104659-26-039488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 2342320–2342329
19Section 07, pay ratioDEF 14A2026-04-030001104659-26-039488Section “CEO Pay Ratio”. As printed: 202 : 1. Filing ↗machine: t213 · span 3368789–3368923
20Section 08, Anders GustafssonDEF 14A2026-04-030001104659-26-039488Section “Director Compensation”. As printed: 410,257. Filing ↗machine: span 1293286–1293531
21Section 08, Michael A. SmithDEF 14A2026-04-030001104659-26-039488Section “Director Compensation”. As printed: 386,257. Filing ↗machine: span 1312183–1312428
22Section 08, Ross W. ManireDEF 14A2026-04-030001104659-26-039488Section “Director Compensation”. As printed: 355,257. Filing ↗machine: span 1296410–1296655
23Section 08, Janice M. RobertsDEF 14A2026-04-030001104659-26-039488Section “Director Compensation”. As printed: 345,257. Filing ↗machine: span 1309030–1309275
24Section 08, Frank B. ModrusonDEF 14A2026-04-030001104659-26-039488Section “Director Compensation”. As printed: 344,257. Filing ↗machine: span 1305903–1306148
25Section 08, Kenneth B. MillerDEF 14A2026-04-030001104659-26-039488Section “Director Compensation”. As printed: 338,757. Filing ↗machine: span 1302776–1303021
26Section 08, Linda M. ConnlyDEF 14A2026-04-030001104659-26-039488Section “Director Compensation”. As printed: 335,257. Filing ↗machine: span 1283936–1284181
27Section 08, Satish DhanasekaranDEF 14A2026-04-030001104659-26-039488Section “Director Compensation”. As printed: 325,257. Filing ↗machine: span 1290232–1290477
28Section 08, Nelda J. ConnorsDEF 14A2026-04-030001104659-26-039488Section “Director Compensation”. As printed: 325,257. Filing ↗machine: span 1287062–1287307
29Section 08, Mary McDowellDEF 14A2026-04-030001104659-26-039488Section “Director Compensation”. As printed: 225,462. Filing ↗machine: span 1299592–1299837
30Section 08, Richard L. KeyserDEF 14A2026-04-030001104659-26-039488Section “Director Compensation”. As printed: 0. Filing ↗
31Section 08, William J. BurnsDEF 14A2026-04-030001104659-26-039488Section “Director Compensation”. As printed: 0. Filing ↗
32Section 02, Anders Gustafsson 2026-04-07Form 42026-04-090001628280-26-024460Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Anders Gustafsson 2026-04-07Form 42026-04-090001628280-26-024460Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Anders Gustafsson 2026-04-07Form 42026-04-090001628280-26-024460Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Anders Gustafsson 2026-04-07Form 42026-04-090001628280-26-024460Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Anders Gustafsson 2026-04-07Form 42026-04-090001628280-26-024460Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Anders Gustafsson 2026-04-07Form 42026-04-090001628280-26-024460Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Bill Burns 2026-04-08Form 42026-04-090001628280-26-024464Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Bill Burns 2026-04-08Form 42026-04-090001628280-26-024464Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Bill Burns 2026-04-08Form 42026-04-090001628280-26-024464Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Colleen M. O'Sullivan 2026-05-02Form 42026-05-050001628280-26-030803Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Cristen Kogl 2026-05-02Form 42026-05-050001628280-26-030808Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Robert John Armstrong Jr 2026-05-02Form 42026-05-050001628280-26-030791Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Tamara Dionne Froese 2026-05-02Form 42026-05-050001628280-26-030793Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Nathan Winters 2026-05-02Form 42026-05-050001628280-26-030795Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Loizides Melissa Luff 2026-05-02Form 42026-05-050001628280-26-030799Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Bill Burns 2026-05-02Form 42026-05-050001628280-26-030811Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Michael Cho 2026-05-02Form 42026-05-050001628280-26-030797Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Richard Hudson 2026-05-04Form 42026-05-050001628280-26-030789Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Bill Burns 2026-05-04Form 42026-05-050001628280-26-030811Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Robert John Armstrong Jr 2026-05-04Form 42026-05-050001628280-26-030791Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Tamara Dionne Froese 2026-05-04Form 42026-05-050001628280-26-030793Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Colleen M. O'Sullivan 2026-05-04Form 42026-05-050001628280-26-030803Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Cristen Kogl 2026-05-04Form 42026-05-050001628280-26-030808Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Nathan Winters 2026-05-04Form 42026-05-050001628280-26-030795Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Michael Cho 2026-05-04Form 42026-05-050001628280-26-030797Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Loizides Melissa Luff 2026-05-04Form 42026-05-050001628280-26-030799Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Janice M. Roberts 2026-05-14Form 42026-05-150000877212-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Linda M. Connly 2026-05-19Form 42026-05-210001628280-26-037406Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Ross W. Manire 2026-05-19Form 42026-05-210001628280-26-037431Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Michael A. Smith 2026-05-19Form 42026-05-210001628280-26-037398Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Nelda J. Connors 2026-05-19Form 42026-05-210001628280-26-037409Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Mary McDowell 2026-05-19Form 42026-05-210001628280-26-037402Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Kenneth B. Miller 2026-05-19Form 42026-05-210001628280-26-037415Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Janice M. Roberts 2026-05-19Form 42026-05-210000877212-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Anders Gustafsson 2026-05-19Form 42026-05-210001628280-26-037411Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Satish Dhanasekaran 2026-05-19Form 42026-05-210001628280-26-037438Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Frank B. Modruson 2026-05-19Form 42026-05-210001628280-26-037435Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Loizides Melissa Luff 2026-05-26Form 42026-05-280001628280-26-038811Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Loizides Melissa Luff 2026-08-03Form 42026-08-050001628280-26-053283Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Michael Cho 2026-08-07Form 42026-08-110001628280-26-055736Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Linda M. Connly 2026-08-10Form 42026-08-110001628280-26-055740Insider equity transaction reported since the proxy statement. Filing ↗
73Section 06, 2026 voteForm 8-K2026-05-260001628280-26-038066Item 5.07 · say-on-pay result. As reported: 93.25% (votes for as printed: 37,250,605). Filing ↗
74Section 06, 2025 voteForm 8-K2025-05-140000877212-25-000120Item 5.07 · say-on-pay result. As reported: 94.4% (votes for as printed: 38,135,557). Filing ↗
75Section 06, 2024 voteForm 8-K2024-05-150000877212-24-000130Item 5.07 · say-on-pay result. As reported: 40.19% (votes for as printed: 17,101,924). Filing ↗
76Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
77Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
78Section 09b board cost (computed)Computed——Cash 1,229,152 + equity 2,162,123 + all other 0 = 3,391,275, summed across the director compensation table rows.machine: formula: Σ = 3,391,275
79Cadence Design Systems, Inc., Section 10b CEO totalDEF 14A2026-03-250001193125-26-124264CEO total compensation as printed in Cadence Design Systems, Inc.'s own proxy. As printed: 56,683,576. Filing ↗machine: r4 · c34 · span 1043936–1043946
80Motorola Solutions, Inc., Section 10b CEO totalDEF 14A2026-04-020001193125-26-139004CEO total compensation as printed in Motorola Solutions, Inc.'s own proxy. As printed: 34,453,481. Filing ↗machine: r4 · c33 · span 1196425–1196435
81Autodesk, Inc., Section 10b CEO totalDEF 14A2026-05-060000769397-26-000030CEO total compensation as printed in Autodesk, Inc.'s own proxy. As printed: 30,091,165. Filing ↗machine: r2 · c42 · span 707592–707602
82F5, Inc., Section 10b CEO totalDEF 14A2026-01-260001048695-26-000012CEO total compensation as printed in F5, Inc.'s own proxy. As printed: 23,039,819. Filing ↗machine: r3 · c8 · span 2148428–2148438
83NetApp, Inc., Section 10b CEO totalDEF 14A2026-07-280001193125-26-321210CEO total compensation as printed in NetApp, Inc.'s own proxy. As printed: 22,157,635. Filing ↗machine: r2 · c27 · span 1816914–1816924
84Keysight Technologies, Inc., Section 10b CEO totalDEF 14A2026-01-260001140361-26-002381CEO total compensation as printed in Keysight Technologies, Inc.'s own proxy. As printed: 18,020,109. Filing ↗machine: r2 · c28 · span 1994587–1994597
85Rockwell Automation, Inc., Section 10b CEO totalDEF 14A2025-12-220001308179-25-000665CEO total compensation as printed in Rockwell Automation, Inc.'s own proxy. As printed: 15,401,707. Filing ↗machine: t89 · r1 · c18 · span 642843–642853
86Zebra Technologies (subject), Section 10b CEO totalDEF 14A2026-04-030001104659-26-039488CEO total compensation as printed in Zebra Technologies's own proxy. As printed: 13,890,300. Filing ↗machine: t171 · r5 · c14 · span 2062887–2062897
87Agilent Technologies, Inc., Section 10b CEO totalDEF 14A2026-02-060001193125-26-040286CEO total compensation as printed in Agilent Technologies, Inc.'s own proxy. As printed: 12,827,236. Filing ↗machine: r3 · c29 · span 1450982–1450992
88Juniper Networks, Inc., Section 10b CEO totalDEF 14A2025-04-160001104659-25-035489CEO total compensation as printed in Juniper Networks, Inc.'s own proxy. As printed: 12,696,193. Filing ↗machine: r1 · c48 · span 1248796–1248806
89Insight Enterprises, Inc., Section 10b CEO totalDEF 14A2026-04-020000932696-26-000029CEO total compensation as printed in Insight Enterprises, Inc.'s own proxy. As printed: 10,498,947. Filing ↗machine: r2 · c21 · span 782672–782682
90Vontier Corporation, Section 10b CEO totalDEF 14A2026-04-100001628280-26-024579CEO total compensation as printed in Vontier Corporation's own proxy. As printed: 9,634,679. Filing ↗machine: r3 · c66 · span 851924–851933
91Teledyne Technologies Incorporated, Section 10b CEO totalDEF 14A2026-03-120001193125-26-104187CEO total compensation as printed in Teledyne Technologies Incorporated's own proxy. As printed: 4,255,049. Filing ↗machine: r3 · c30 · span 1147322–1147331
92Arista Networks, Inc., Section 10b CEO totalDEF 14A2026-04-160001193125-26-158942CEO total compensation as printed in Arista Networks, Inc.'s own proxy. As printed: 2,872,145. Filing ↗machine: r3 · c33 · span 1052229–1052238
93Section 10a, Keysight Technologies, Inc. reciprocityDEF 14A—0001140361-26-002381Keysight Technologies, Inc. names Zebra Technologies in its own disclosed peer group (read from its most recent proxy). Filing ↗
94Section 10a, Cadence Design Systems, Inc. reciprocityDEF 14A—0001193125-26-124264Cadence Design Systems, Inc.'s most recent proxy was read; its disclosed peer group does not include Zebra Technologies. Filing ↗
95Section 10a, F5, Inc. reciprocityDEF 14A—0001048695-26-000012F5, Inc.'s most recent proxy was read; its disclosed peer group does not include Zebra Technologies. Filing ↗
96Section 10a, Motorola Solutions, Inc. reciprocityDEF 14A—0001193125-26-139004Motorola Solutions, Inc.'s most recent proxy was read; its disclosed peer group does not include Zebra Technologies. Filing ↗
97Section 10a, Insight Enterprises, Inc. reciprocityDEF 14A—0000932696-26-000029Insight Enterprises, Inc.'s most recent proxy was read; its disclosed peer group does not include Zebra Technologies. Filing ↗
98Section 10a, Rockwell Automation, Inc. reciprocityDEF 14A—0001308179-25-000665Rockwell Automation, Inc. names Zebra Technologies in its own disclosed peer group (read from its most recent proxy). Filing ↗
99Section 10a, Agilent Technologies, Inc. reciprocityDEF 14A—0001193125-26-040286Agilent Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Zebra Technologies. Filing ↗
100Section 10a, NetApp, Inc. reciprocityDEF 14A—0001193125-26-321210NetApp, Inc.'s most recent proxy was read; its disclosed peer group does not include Zebra Technologies. Filing ↗
101Section 10a, Arista Networks, Inc. reciprocityDEF 14A—0001193125-26-158942Arista Networks, Inc.'s most recent proxy was read; its disclosed peer group does not include Zebra Technologies. Filing ↗
102Section 10a, Autodesk, Inc. reciprocityDEF 14A—0000769397-26-000030Autodesk, Inc.'s most recent proxy was read; its disclosed peer group does not include Zebra Technologies. Filing ↗
103Section 10a, Teledyne Technologies Incorporated reciprocityDEF 14A—0001193125-26-104187Teledyne Technologies Incorporated's most recent proxy was read; its disclosed peer group does not include Zebra Technologies. Filing ↗
104Section 10a, Juniper Networks, Inc. reciprocityDEF 14A—0001104659-25-035489Juniper Networks, Inc.'s most recent proxy was read; its disclosed peer group does not include Zebra Technologies. Filing ↗
105Section 10a, Vontier Corporation reciprocityDEF 14A—0001628280-26-024579Vontier Corporation's most recent proxy was read; its disclosed peer group does not include Zebra Technologies. Filing ↗

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