Nikesh Arora Has been successful in winning big paychecks time and again.
But GoogleAfter receiving a compensation package of approximately $51 million in 2012, he became the firm’s highest-paid executive, putting him on track to collect stock awards worth at least $200 million by the time he left the company.
Poaching took place in 2014 softbank The son of Group Corp’s Masayoshi Masayoshi – and he has been tipped as a potential heir to the legendary investor – he took home a compensation package of $135 million in his first year, breaking a Japanese record and making him the world’s highest-paid executive. .
But this is Arora’s latest stint as chief executive officer of the cybersecurity firm Palo Alto Networks Inc., which has catapulted the 55-year-old into billionaire status.
Palo Alto Networks gave Arora a $125 million stock and option compensation package when he was hired in 2018. Thanks to a boom in cybersecurity software following a series of high-profile hacking incidents that disrupted casinos, ports and even treasury markets, the company’s share price has more than quadrupled since then – And Arora’s stake is now worth $830 million.
With the huge salary awards he received early in his career, Arora has a net worth of $1.5 billion, according to the Bloomberg Billionaires Index. This makes him a rare non-founder billionaire tech CEO.
A spokesperson for Palo Alto Networks did not respond to requests for comment.
The bulk of Arora’s stake in Palo Alto Networks relates to more than 3.4 million options he was granted when he joined the firm. They were subject to meeting share-price targets, all of which have now been achieved including the highest target: a 300% profit.
stock awards
Arora sold about $300 million worth of stock due in 2023 after exercising some options. The company’s shares are up 111% last year, making it the ninth-best performer on the S&P 500 index.
He is set to continue making his fortune at Palo Alto Networks. Arora’s 2023 compensation includes a maximum of 750,000 stock awards that vest upon the achievement of certain performance conditions, currently valued at more than $220 million.
In its proxy statement, the company wrote that the award was appropriate because Arora’s strong performance over his first five years meant he was already able to earn “$102 million worth each year.”
“Because of this significant vested ownership and the amount of money expected to accrue to Mr. Arora over the next several years, the Board determined that a meaningful equity award would be necessary to ensure that such an award retains and engages Mr. Arora.”
But GoogleAfter receiving a compensation package of approximately $51 million in 2012, he became the firm’s highest-paid executive, putting him on track to collect stock awards worth at least $200 million by the time he left the company.
Poaching took place in 2014 softbank The son of Group Corp’s Masayoshi Masayoshi – and he has been tipped as a potential heir to the legendary investor – he took home a compensation package of $135 million in his first year, breaking a Japanese record and making him the world’s highest-paid executive. .
But this is Arora’s latest stint as chief executive officer of the cybersecurity firm Palo Alto Networks Inc., which has catapulted the 55-year-old into billionaire status.
Palo Alto Networks gave Arora a $125 million stock and option compensation package when he was hired in 2018. Thanks to a boom in cybersecurity software following a series of high-profile hacking incidents that disrupted casinos, ports and even treasury markets, the company’s share price has more than quadrupled since then – And Arora’s stake is now worth $830 million.
With the huge salary awards he received early in his career, Arora has a net worth of $1.5 billion, according to the Bloomberg Billionaires Index. This makes him a rare non-founder billionaire tech CEO.
A spokesperson for Palo Alto Networks did not respond to requests for comment.
The bulk of Arora’s stake in Palo Alto Networks relates to more than 3.4 million options he was granted when he joined the firm. They were subject to meeting share-price targets, all of which have now been achieved including the highest target: a 300% profit.
stock awards
Arora sold about $300 million worth of stock due in 2023 after exercising some options. The company’s shares are up 111% last year, making it the ninth-best performer on the S&P 500 index.
He is set to continue making his fortune at Palo Alto Networks. Arora’s 2023 compensation includes a maximum of 750,000 stock awards that vest upon the achievement of certain performance conditions, currently valued at more than $220 million.
In its proxy statement, the company wrote that the award was appropriate because Arora’s strong performance over his first five years meant he was already able to earn “$102 million worth each year.”
“Because of this significant vested ownership and the amount of money expected to accrue to Mr. Arora over the next several years, the Board determined that a meaningful equity award would be necessary to ensure that such an award retains and engages Mr. Arora.”
