Nikesh Arora has repeatedly succeeded in successful massive paychecks.
At Google, he turned the agency’s highest-paid govt after getting a compensation bundle value about $51 million in 2012, on his strategy to accumulating inventory awards value at the very least $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 bundle that broke Japanese data and made him the world’s best-paid govt.
But it surely’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 bundle when he was employed in 2018. Due 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 value $830 million.
Mixed with huge pay awards he secured earlier in his profession, Arora’s web value stands at $1.5 billion, in line with 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 majority 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. These had been topic to assembly share-price targets, all of which have now been achieved together with the best objective: a 300% achieve.
Inventory awards
Arora bought almost $300 million value of inventory in 2023 after exercising a number of the choices. The corporate’s shares rose 111% final yr, 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 features a most of 750,000 inventory awards that vest upon the achievement of sure efficiency situations, which might at the moment be value greater than $220 million.
In its proxy assertion, the corporate wrote the award was justified as a result of Arora’s sturdy efficiency over his first 5 years meant he’d already been in a position to vest “$102 million of worth annually.”
“Due to this important vested possession and the quantity that Mr. Arora was projected to vest in over the following a number of years, the Board decided {that a} significant fairness award could be crucial to make sure that such award retains and engages Mr. Arora.”
At Google, he turned the agency’s highest-paid govt after getting a compensation bundle value about $51 million in 2012, on his strategy to accumulating inventory awards value at the very least $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 bundle that broke Japanese data and made him the world’s best-paid govt.
But it surely’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 bundle when he was employed in 2018. Due 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 value $830 million.
Mixed with huge pay awards he secured earlier in his profession, Arora’s web value stands at $1.5 billion, in line with 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 majority 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. These had been topic to assembly share-price targets, all of which have now been achieved together with the best objective: a 300% achieve.
Inventory awards
Arora bought almost $300 million value of inventory in 2023 after exercising a number of the choices. The corporate’s shares rose 111% final yr, 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 features a most of 750,000 inventory awards that vest upon the achievement of sure efficiency situations, which might at the moment be value greater than $220 million.
In its proxy assertion, the corporate wrote the award was justified as a result of Arora’s sturdy efficiency over his first 5 years meant he’d already been in a position to vest “$102 million of worth annually.”
“Due to this important vested possession and the quantity that Mr. Arora was projected to vest in over the following a number of years, the Board decided {that a} significant fairness award could be crucial to make sure that such award retains and engages Mr. Arora.”
