Nikesh Arora has repeatedly succeeded in successful large paychecks.
At Google, he turned the agency’s highest-paid govt after getting a compensation package deal price about $51 million in 2012, on his approach to accumulating inventory awards price not less than $200 million by the point he left.
Poached in 2014 by SoftBank Group Corp.’s Masayoshi Son — and touted because the legendary investor’s seemingly successor — he amassed a $135 million first-year compensation package deal that broke Japanese information and made him the world’s best-paid govt.
But it’s Arora’s newest stint, as chief govt officer of cybersecurity agency Palo Alto Networks Inc., that’s catapulted the 55-year-old into the billionaire class.
Palo Alto Networks handed Arora a $125 million inventory and choices compensation package deal when he was employed in 2018. Thanks to a increase in cybersecurity software program after a sequence of high-profile hacking incidents that disrupted casinos, ports and even Treasury markets, the corporate’s share worth has greater than quadrupled since then — and Arora’s stake is now price $830 million.
Combined with huge pay awards he secured earlier in his profession, Arora’s internet price stands at $1.5 billion, in response to the Bloomberg Billionaires Index. That makes him a uncommon non-founder billionaire tech CEO.
A spokesperson for Palo Alto Networks didn’t reply to requests for remark.
The bulk of Arora’s stake in Palo Alto Networks pertains to greater than 3.4 million choices he was awarded upon becoming a member of the agency. Those have been topic to assembly share-price targets, all of which have now been achieved together with the best aim: a 300% achieve.
Stock awards
Arora bought practically $300 million price of inventory in 2023 after exercising a few of the choices. The firm’s shares rose 111% final 12 months, making it the ninth-best performer on the S&P 500 Index.
He’s primed to proceed constructing his fortune at Palo Alto Networks. Arora’s 2023 compensation contains a most of 750,000 inventory awards that vest upon the achievement of sure efficiency situations, which might at present be price greater than $220 million.
In its proxy assertion, the corporate wrote the award was justified as a result of Arora’s robust efficiency over his first 5 years meant he’d already been in a position to vest “$102 million of value each year.”
“Because of this significant vested ownership and the amount that Mr. Arora was projected to vest in over the next several years, the Board determined that a meaningful equity award would be necessary to ensure that such award retains and engages Mr. Arora.”
At Google, he turned the agency’s highest-paid govt after getting a compensation package deal price about $51 million in 2012, on his approach to accumulating inventory awards price not less than $200 million by the point he left.
Poached in 2014 by SoftBank Group Corp.’s Masayoshi Son — and touted because the legendary investor’s seemingly successor — he amassed a $135 million first-year compensation package deal that broke Japanese information and made him the world’s best-paid govt.
But it’s Arora’s newest stint, as chief govt officer of cybersecurity agency Palo Alto Networks Inc., that’s catapulted the 55-year-old into the billionaire class.
Palo Alto Networks handed Arora a $125 million inventory and choices compensation package deal when he was employed in 2018. Thanks to a increase in cybersecurity software program after a sequence of high-profile hacking incidents that disrupted casinos, ports and even Treasury markets, the corporate’s share worth has greater than quadrupled since then — and Arora’s stake is now price $830 million.
Combined with huge pay awards he secured earlier in his profession, Arora’s internet price stands at $1.5 billion, in response to the Bloomberg Billionaires Index. That makes him a uncommon non-founder billionaire tech CEO.
A spokesperson for Palo Alto Networks didn’t reply to requests for remark.
The bulk of Arora’s stake in Palo Alto Networks pertains to greater than 3.4 million choices he was awarded upon becoming a member of the agency. Those have been topic to assembly share-price targets, all of which have now been achieved together with the best aim: a 300% achieve.
Stock awards
Arora bought practically $300 million price of inventory in 2023 after exercising a few of the choices. The firm’s shares rose 111% final 12 months, making it the ninth-best performer on the S&P 500 Index.
He’s primed to proceed constructing his fortune at Palo Alto Networks. Arora’s 2023 compensation contains a most of 750,000 inventory awards that vest upon the achievement of sure efficiency situations, which might at present be price greater than $220 million.
In its proxy assertion, the corporate wrote the award was justified as a result of Arora’s robust efficiency over his first 5 years meant he’d already been in a position to vest “$102 million of value each year.”
“Because of this significant vested ownership and the amount that Mr. Arora was projected to vest in over the next several years, the Board determined that a meaningful equity award would be necessary to ensure that such award retains and engages Mr. Arora.”
