NetApp (NTAP) executive compensation, 2025 proxy

George Kurian, Chief Executive Officer, was paid $23.1M in fiscal 2025, up 30% from $17.7M the year before. The CEO-to-median-employee pay ratio was 144:1, on median employee pay of $160,622.

Filed
July 25, 2025
Annual meeting
September 10, 2025
Pay year
fiscal 2025
Named executives
6
CEO total pay
$23.1M+30% vs prior year
CEO to median employee
144:1median $160,622
CEO pay in equity
88%$20.5M in awards
Prior say-on-pay support
95%of votes cast
CEO stock awards
$20,452,336Fiscal 2025 grant-date fair value
CEO incentive payout
98.1%Eligible earnings under Annual ICP
Jabre hiring bonus
$6,565,500One-time employment commencement bonus
Maximum CEO PBRSUs
$24,304,659Highest performance outcome

How Kurian was paid

$23.1M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary4%Stock awards88%Non-equity incentive7%All other compensation0%

Named executive officers

ExecutiveTotal
George KurianChief Executive Officer$23,127,224
Wissam JabreExecutive Vice President and Chief Financial Officer$18,260,121
Cesar CernudaPresident$12,213,834
Harvinder S. BhelaExecutive Vice President and Chief Product Officer$8,828,349
Elizabeth M. O’CallahanExecutive Vice President, Chief Administrative Officer and Corporate Secretary$5,407,550
Michael J. BerryFormer Executive Vice President and Chief Financial Officer$7,890,596

What changed and why

  • $23.1M$23,127,224: CEO total compensation increased from $17,735,436 in fiscal 2024.
  • $20.5M$20,452,336: CEO stock awards were reported for fiscal 2025.
  • 98.1%98.1%: George Kurian received this percentage of eligible earnings under the Annual ICP.
  • $6.6M$6,565,500: Wissam Jabre received a one-time hiring bonus upon joining NetApp.
  • 144:1: CEO annual total compensation compared with median employee compensation.
  • 95%95%: Approximately this share voted for 2024 say-on-pay approval.

Other NetApp proxy statements

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.