Michael Xie compensation by year
Fortinet Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $386,250 | $397,838 | $427,000 | $427,000 | $445,000 | $445,000 | $445,000 | $445,000 | $445,000 | $445,000 |
| Bonus | $0 | $0 | $0 | — | — | — | $0 | $0 | $0 | — |
| Stock awards | $953,200 | $1,489,600 | $1,393,304 | $1,826,589 | $1,865,337 | $2,505,192 | $2,017,268 | $6,657,577 | $5,874,196 | $5,802,680 |
| Option awards | $390,605 | $733,086 | $1,420,673 | $1,758,779 | $1,653,096 | $2,469,229 | $2,175,327 | $0 | $0 | — |
| Non-equity incentive | $133,138 | $187,829 | $232,447 | $279,372 | $343,090 | $357,673 | $341,058 | $271,402 | $278,245 | $328,876 |
| Pension and deferred compensation | $0 | $0 | $0 | — | — | — | $0 | $0 | $0 | — |
| All other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Total | $1,863,193 | $2,808,353 | $3,473,424 | $4,291,740 | $4,305,023 | $5,777,094 | $4,978,653 | $7,373,979 | $6,597,441 | $6,576,556 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Fortinet, Inc. DEF 14A filed April 29, 2026, accession 0002077096-26-000106, and prior-year filings. Open the filing on EDGAR.
How this page was built: the Fortinet, Inc. filed document, accession 0002077096-26-000106. Every figure is read from that document and cited to the page and table it appears in. Filed April 29, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 28,701 | $2,279,146 | — |
| PSU | 26,530 | $2,106,747 | — |
| PSU | 20,802 | $1,651,887 | — |
| PSU | 20,181 | $1,602,573 | — |
| PSU | 13,818 | $1,097,287 | — |
| PSU | 2,030 | $161,202 | — |
| Option | 4,060 | — | $62.11 |
Per the Outstanding Equity Awards at Fiscal Year-End table in Fortinet, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
48 Form 4 lines since the FY2025 proxy (filed April 29, 2026)current to 2026-11-10 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-11-02 | Sale | 10b5-1 | 300 | $131.29 | 9,918,660 |
| 2026-11-02 | Sale | 10b5-1 | 100 | $133.95 | 9,918,360 |
| 2026-11-02 | Sale | 10b5-1 | 400 | $127.60 | 9,920,460 |
| 2026-11-02 | Sale | 10b5-1 | 1,100 | $130.62 | 9,918,960 |
| 2026-11-02 | Sale | 10b5-1 | 400 | $129.34 | 9,920,060 |
| 2026-11-02 | Sale | 10b5-1 | 200 | $132.92 | 9,918,460 |
| 2026-11-02 | Sale | 10b5-1 | 621 | $126.08 | 9,921,481 |
| 2026-11-01 | Exercise or conversion | 10b5-1 | 1,300 | $0.00 | 9,924,665 |
The 8 most recent of 48 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
Change-in-control & termination
estimated payments Fortinet discloses, by trigger · FY2025| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Involuntary termination without cause | $445,000 | $1,572,366 | $38,571 | $2,055,937 |
| Change in control and involuntary termination | $445,000 | $10,620,976 | $38,571 | $11,104,547 |
Per the Potential Payments Upon Termination or Change in Control table in Fortinet, Inc.'s FY2025 proxy. Estimates as the company printed them; a dash means it printed no figure.
Fortinet’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Ken Xie | Chief Executive Officer | $11,458,039 |
| Michael Xie · this page | President and Chief Technology Officer | $6,576,556 |
| John Whittle | Chief Operating Officer | $6,037,415 |
| Keith Jensen | Former Chief Financial Officer | $5,658,386 |
| Christiane Ohlgart | Chief Financial Officer | $4,424,743 |
Board service
Fortinet board · FY2022–FY2025How this board is paid
Company policy: Fortinet pays directors a $55,000 cash retainer. As stated in Fortinet's FY2025 proxy.
Committees
Cybersecurity
Michael Xie's compensation dossier, Fortinet
You have read Michael Xie's totals and holdings. The dossier adds each equity grant Fortinet disclosed for Michael Xie and Fortinet's own disclosed peer group, where the company discloses them, with every row in a PDF and a CSV cited to its filing.
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Fortinet's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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