NetApp Executive Vice President and Chief Product Officer Harvinder Bhela receives $20M in 2022
NetApp reports 2022 executive compensation
By ExecPay News
Published: July 28, 2022
NetApp reported fiscal year 2022 executive compensation information on July 28, 2022.
In 2022, seven NetApp executives received on average a compensation package of $10M, a 7% increase compared to previous year.
Average pay of disclosed executives at NetApp
Harvinder S. Bhela, Executive Vice President and Chief Product Officer, received $20M in total. 93% of Bhela's compensation, or $19M, was in stock awards. Bhela also received $1M in bonus, $272K in non-equity incentive plan, $199K in salary, as well as $6.2K in other compensation.
For fiscal year 2022, the median employee pay was $206,477 at NetApp. Therefore, the ratio of Harvinder S. Bhela's pay to the median employee pay was 99 to one.
George Kurian, Chief Executive Officer, received a compensation package of $19M, which increased by 32% compared to previous year. 83% of the compensation package, or $16M, was in stock awards.
Cesar Cernuda, President, earned $11M in 2022, a 42% decrease compared to previous year.
Michael J. Berry, Chief Financial Officer, received $7.4M in 2022, which increases by 41% compared to 2021.
Matthew K. Fawcett, Executive Vice President, Chief Strategy Officer, earned $4.8M in 2022, a 45% increase compared to previous year.
Brad Anderson, Former Executive Vice President, Hybrid Cloud Group, received $4M in 2022, which decreases by 13% compared to 2021.
Elizabeth M. O'Callahan, Chief Legal Officer, earned $3.1M in 2022.
NetApp's fiscal year ends on April 29.
Related executives
George Kurian
NetApp
Chief Executive Officer
Michael Berry
NetApp
Chief Financial Officer
Cesar Cernuda
NetApp
President
Harvinder Bhela
NetApp
Executive Vice President and Chief Product Officer
Elizabeth O'Callahan
NetApp
Chief Legal Officer
Matthew Fawcett
NetApp
Executive Vice President, Chief Strategy Officer
Brad Anderson
NetApp
Former Executive Vice President, Hybrid Cloud Group
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Source: SEC filing on July 28, 2022.