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Computer Hardware: Pay versus performance

Note: Item 402(v) pay-versus-performance disclosure (typically in the proxy statement).
Fortinet, Inc. (FTNT) · Form DEF 14A for period ended 2026-06-12 · filed 2026-04-29 · Section: Pay Versus Performance

The following table provides information required under Item 402(v) of Regulation S -K disclosing (i) a measure of total compensation and a measure reflecting “compensation actually paid” for our principal executive officer (our “PEO”) and, as an average, for our other named executive officers (“NEOs”), and (ii) select financial performance measures, in each case, for our five most recently completed fiscal years. The Human Resources Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown. The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S -K and do not reflect compensation actually earned, realized or received by our NEOs; these amounts reflect the Summary Compensation Table totals with certain adjustments as described in the following table and footnotes.

YearSummary Compensation Table Total for PEO ($)Compensation Actually Paid to PEO ($)Average Summary Compensation Table Total for Non-PEO NEOs ($)Average Compensation Actually Paid to Non-PEO NEOs ($)Value of Initial Fixed $100 Investment Based On:Net Income ($)Company Selected Measure: Revenue ($)
Total Stockholder Return ($)Peer Group Total Stockholder Return ($)
(a)(b) (1)(c) (2)(5)(d) (3)(e) (4)(5)(f) (6)(g) (7)(h) (8)(i) (9)
202511,458,0391,145,1135,674,275( 1,396,923267.28258.441,853,442,6856,799,612,384
202413,143,28937,716,9375,967,14615,033,124442.49301.441,745,218,8205,955,845,824
202316,301,61321,526,9186,586,8738,065,655274.12221.061,147,780,4995,304,835,490
202214,200,453( 15,190,0854,532,172( 4,867,322228.97132.79857,302,0794,417,356,061
202114,203,21184,745,1904,867,61627,685,473336.64206.76606,792,0113,342,217,533

________________________

(1) The dollar amounts reported in column (b) are the amounts of total compensation reported for our PEO for each corresponding year in the “Total” column of the Summary Compensation Table. Our PEO for fiscal years 2025, 2024, 2023, 2022 and 2021 was Ken Xie .

(2) The dollar amounts reported in column (c) represent the amount of “compensation actually paid” (which is sometimes referred to as the “CAP”) for our PEO for the corresponding fiscal year, as calculated in accordance with Item 402(v) of Regulation S -K and as further described below.

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