Michael Xie
2021
In 2021, Michael Xie earned a total compensation of $5.8M as President and Chief Technology Officer at Fortinet, a 34% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $357,673 |
|---|---|
| Option Awards | $2,469,229 |
| Salary | $445,000 |
| Stock Awards | $2,505,192 |
| Total | $5,777,094 |
Xie received $2.5M in stock awards, accounting for 43% of the total pay in 2021.
Xie also received $357.7K in non-equity incentive plan, $2.5M in option awards and $445K in salary.
Rankings
In 2021, Michael Xie's compensation ranked 2,198th out of 12,415 executives tracked by ExecPay. In other words, Xie earned more than 82.3% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 2,198 out of 12,415 | 82nd |
Division Manufacturing | 857 out of 5,505 | 84th |
Major group Industrial And Commercial Machinery And Computer Equipment | 64 out of 363 | 82nd |
Industry group Computer And Office Equipment | 30 out of 104 | 71st |
Industry Computer Peripheral Equipment, Not Elsewhere Classified | 7 out of 47 | 85th |
Pay ratio
| Michael Xie's Pay | $5,777,094 |
|---|---|
| Median Employee's Pay | $202,875 |
| Pay Ratio | 28to 1 |
In 2021, the annual total compensation of Michael Xie was $5,777,094.
The annual total compensation of the median employee at Fortinet was $202,875.
The ratio of Michael Xie's pay to the pay of median employee was therefore 28 to one.
Source: SEC filing on May 2, 2022.
Xie's colleagues
We found three more compensation records of executives who worked with Michael Xie at Fortinet in 2021.