“NetApp says 95 percent of his target direct compensation is ‘at risk,’ taking the form of cash incentives and equity awards rather than guaranteed salary.”
Chief Product Officer Syam Nair pulled $34.27 million for fiscal 2026, including $30.68 million in stock to cover what he gave up leaving Zscaler and a $5 million signing bonus. That is more than the CEO made. The “at risk” line is corporate for stock that vests anyway. Revenue grew 5.4 percent, which is not the kind of year that explains paying a new hire more than the person running the company.