Palo Alto Networks President William Jenkins receives $20M in 2022
Palo Alto Networks reports 2022 executive compensation
By ExecPay News
Published: November 3, 2022
Palo Alto Networks reported fiscal year 2022 executive compensation information on November 3, 2022.
In 2022, five executives at Palo Alto Networks received on average a compensation package of $8.5M, a 28% decrease compared to previous year.
Average pay of disclosed executives at Palo Alto Networks
William "BJ" Jenkins, President, received $20M in total. 91% of Jenkins' compensation, or $18M, was in stock awards. Jenkins also received $1.1M in non-equity incentive plan, $734K in salary, as well as $2K in other compensation.
For fiscal year 2022, the median employee pay was $268,463 at Palo Alto Networks. Therefore, the ratio of William "BJ" Jenkins' pay to the median employee pay was 73 to one.
Nikesh Arora, Chief Executive Officer, received a compensation package of $10M, which decreased by 55% compared to previous year. 67% of the compensation package, or $7M, was in stock awards.
Lee Klarich, Chief Product Officer, earned $6M in 2022, a 45% decrease compared to previous year.
Dipak Golechha, Chief Financial Officer, received $3.6M in 2022, which decreases by 60% compared to 2021.
Nir Zuk, Chief Technology Officer, earned $2.9M in 2022, a 30% decrease compared to previous year.
Palo Alto Networks' fiscal year ends on July 31.
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Source: SEC filing on November 3, 2022.