Fortinet Management
Management criteria checks 4/4
Fortinet's CEO is Ken Xie, appointed in Oct 2000, has a tenure of 23.5 years. total yearly compensation is $14.20M, comprised of 5.6% salary and 94.4% bonuses, including company stock and options. directly owns 8.34% of the company’s shares, worth $4.08B. The average tenure of the management team and the board of directors is 4.8 years and 4 years respectively.
Key information
Ken Xie
Chief executive officer
US$14.2m
Total compensation
| CEO salary percentage | 5.6% |
| CEO tenure | 23.5yrs |
| CEO ownership | 8.3% |
| Management average tenure | 4.8yrs |
| Board average tenure | 4yrs |
Recent management updates
Recent updates
Are Investors Undervaluing Fortinet, Inc. (NASDAQ:FTNT) By 32%?
Apr 13
Do Fortinet's (NASDAQ:FTNT) Earnings Warrant Your Attention?
Mar 28Fortinet: Soft Demand Creating Elevated Stock Risk
Mar 25Fortinet: Adapting To New Dynamics Of Cybersecurity Industry
Mar 12At US$66.96, Is It Time To Put Fortinet, Inc. (NASDAQ:FTNT) On Your Watch List?
Feb 23Fortinet: Excellent Business To Surf The Secular Trend, But Valuations Remain Enriched
Feb 13Fortinet, Inc. (NASDAQ:FTNT) Just Reported And Analysts Have Been Lifting Their Price Targets
Feb 08Fortinet: Don't Wait Until This Cybersecurity Leader Regains Its All-Time Highs
Feb 03There's Reason For Concern Over Fortinet, Inc.'s (NASDAQ:FTNT) Price
Jan 21Fortinet, Inc.'s (NASDAQ:FTNT) Intrinsic Value Is Potentially 34% Above Its Share Price
Jan 08The Trend Of High Returns At Fortinet (NASDAQ:FTNT) Has Us Very Interested
Dec 25Is Now The Time To Put Fortinet (NASDAQ:FTNT) On Your Watchlist?
Dec 11Is Fortinet (NASDAQ:FTNT) A Risky Investment?
Nov 13When Should You Buy Fortinet, Inc. (NASDAQ:FTNT)?
Oct 16An Intrinsic Calculation For Fortinet, Inc. (NASDAQ:FTNT) Suggests It's 39% Undervalued
Oct 02The Trend Of High Returns At Fortinet (NASDAQ:FTNT) Has Us Very Interested
Sep 17Here's Why We Think Fortinet (NASDAQ:FTNT) Might Deserve Your Attention Today
Aug 27Fortinet (NASDAQ:FTNT) Has A Rock Solid Balance Sheet
Aug 13At US$78.92, Is It Time To Put Fortinet, Inc. (NASDAQ:FTNT) On Your Watch List?
Jul 16Calculating The Fair Value Of Fortinet, Inc. (NASDAQ:FTNT)
Jul 02We Think Fortinet (NASDAQ:FTNT) Might Have The DNA Of A Multi-Bagger
Jun 18Should You Be Adding Fortinet (NASDAQ:FTNT) To Your Watchlist Today?
May 22Fortinet (NASDAQ:FTNT) Seems To Use Debt Rather Sparingly
May 08What Is Fortinet, Inc.'s (NASDAQ:FTNT) Share Price Doing?
Apr 06Fortinet, Inc. (NASDAQ:FTNT) Shares Could Be 25% Below Their Intrinsic Value Estimate
Mar 22The Trend Of High Returns At Fortinet (NASDAQ:FTNT) Has Us Very Interested
Mar 07Should You Be Adding Fortinet (NASDAQ:FTNT) To Your Watchlist Today?
Feb 05At US$48.52, Is It Time To Put Fortinet, Inc. (NASDAQ:FTNT) On Your Watch List?
Jan 04Fortinet, Inc.'s (NASDAQ:FTNT) Intrinsic Value Is Potentially 44% Above Its Share Price
Dec 20Fortinet (NASDAQ:FTNT) Could Become A Multi-Bagger
Dec 05Do Fortinet's (NASDAQ:FTNT) Earnings Warrant Your Attention?
Oct 22Fortinet: Fairly Valued, Profitable And Growing Rapidly
Oct 04Should You Think About Buying Fortinet, Inc. (NASDAQ:FTNT) Now?
Sep 22Returns On Capital Are A Standout For Fortinet (NASDAQ:FTNT)
Sep 04Fortinet: Still A Bit Frothy After 30% Haircut
Sep 01Fortinet, NEC to develop secure 5G networks for CSPs
Aug 23Fortinet, Inc. (NASDAQ:FTNT) Shares Could Be 49% Below Their Intrinsic Value Estimate
Aug 17Fortinet: Evaluating The Prospects Amid Steepening Valuation
Aug 01Here's Why We Think Fortinet (NASDAQ:FTNT) Might Deserve Your Attention Today
Jul 20Fortinet (NASDAQ:FTNT) Could Easily Take On More Debt
Jul 06Is Fortinet Stock A Buy After Its Stock Split? We Like This Fantastic Earnings Growth Story
Jun 24Is It Time To Consider Buying Fortinet, Inc. (NASDAQ:FTNT)?
Jun 08Fortinet: Buy High, Sell Higher
Jun 07Fortinet: No Debt And Excellent Free Cash Flow
May 14CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$1b |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$967m |
| Dec 31 2022 | US$14m | US$797k | US$857m |
| Sep 30 2022 | n/a | n/a | US$743m |
| Jun 30 2022 | n/a | n/a | US$674m |
| Mar 31 2022 | n/a | n/a | US$638m |
| Dec 31 2021 | US$14m | US$797k | US$607m |
| Sep 30 2021 | n/a | n/a | US$555m |
| Jun 30 2021 | n/a | n/a | US$515m |
| Mar 31 2021 | n/a | n/a | US$491m |
| Dec 31 2020 | US$11m | US$793k | US$489m |
| Sep 30 2020 | n/a | n/a | US$460m |
| Jun 30 2020 | n/a | n/a | US$417m |
| Mar 31 2020 | n/a | n/a | US$378m |
| Dec 31 2019 | US$10m | US$750k | US$332m |
| Sep 30 2019 | n/a | n/a | US$396m |
| Jun 30 2019 | n/a | n/a | US$375m |
| Mar 31 2019 | n/a | n/a | US$349m |
| Dec 31 2018 | US$7m | US$625k | US$335m |
| Sep 30 2018 | n/a | n/a | US$121m |
| Jun 30 2018 | n/a | n/a | US$89m |
| Mar 31 2018 | n/a | n/a | US$62m |
| Dec 31 2017 | US$4m | US$451k | US$31m |
Compensation vs Market: Ken's total compensation ($USD14.20M) is about average for companies of similar size in the US market ($USD13.41M).
Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.
CEO
Ken Xie (60 yo)
23.5yrs
Tenure
US$14,200,453
Compensation
Mr. Ken Xie has been Founder, Chief Executive Officer and Director at Fortinet, Inc. since October 2000. Mr. Xie serves as an Advisor at WI Harper Group. He serves as an Advisor at ForgePoint Capital Manag...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 23.5yrs | US$14.20m | 8.34% $ 4.1b | |
| Founder | 23.5yrs | US$4.98m | 7.46% $ 3.6b | |
| Chief Financial Officer | 6.2yrs | US$4.83m | 0.0028% $ 1.4m | |
| COO & Corporate Secretary | 17.3yrs | US$3.27m | 0.0056% $ 2.7m | |
| Executive VP of Support & Chief Revenue Officer | 3.3yrs | US$4.92m | 0.0034% $ 1.6m | |
| Chief Accounting Officer & Principal Accounting Officer | less than a year | no data | 0.00034% $ 166.1k | |
| Senior Vice President of Finance & Investor Relations | 6.2yrs | no data | no data | |
| Chief Marketing Officer | 5.3yrs | no data | no data | |
| Vice President of Talent Acquisition | 4.3yrs | no data | no data | |
| Executive Vice President of America Sales | less than a year | no data | no data | |
| Executive Vice President of Technology & Product Management | 1.3yrs | no data | no data | |
| Executive Vice President of International Sales | less than a year | no data | no data |
4.8yrs
Average Tenure
57.5yo
Average Age
Experienced Management: FTNT's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 23.5yrs | US$14.20m | 8.34% $ 4.1b | |
| Founder | 23.2yrs | US$4.98m | 7.46% $ 3.6b | |
| Independent Director | 3.5yrs | US$291.42k | 0.0053% $ 2.6m | |
| Lead Independent Director | 11.3yrs | US$315.27k | 0.039% $ 18.9m | |
| Independent Director | 11yrs | US$298.41k | 0.0072% $ 3.5m | |
| Chairperson of Public Sector Advisory Council | 1.8yrs | US$331.61k | no data | |
| Independent Director | 8.8yrs | US$301.45k | 0.016% $ 7.8m | |
| Member of Public Sector Advisory Council | 1.8yrs | no data | no data | |
| Independent Director | 4.5yrs | US$303.11k | 0.0041% $ 2.0m | |
| Independent Director | 2.5yrs | US$280.59k | 0.0012% $ 591.2k | |
| Member of Public Sector Advisory Council | 1.8yrs | no data | no data | |
| Member of Public Sector Advisory Council | 1.8yrs | no data | no data |
4.0yrs
Average Tenure
67yo
Average Age
Experienced Board: FTNT's board of directors are considered experienced (4 years average tenure).