Thomas Georgens served as CEO of NetApp, Inc. from August 2009 until June 2015. With a solid background in operations, he has been influential in the tech industry, particularly in storage systems. Before NetApp, he held key roles at LSI...

Thomas Georgens served as CEO of NetApp, Inc. from August 2009 until June 2015. With a solid background in operations, he has been influential in the tech industry, particularly in storage systems. Before NetApp, he held key roles at LSI Corporation where he was President and CEO of Engenio. Georgens holds a bachelor's and a master's degree in engineering from Rensselaer Polytechnic Institute, along with an MBA from Babson College—showing he has both technical and business savvy. During his time as CEO, he faced some ups and downs in performance, with no bonuses awarded in multiple years due to unmet targets. However, he did secure significant compensation through stock options and vested stock, peaking at over $139 million in total compensation in 2015 when he resigned. His involvement in insider trading peaked in late 2021, with transactions averaging around $10 million a month, indicating his strong belief in the company's future. Georgens’ leadership was marked by a focus on performance metrics, aligning his goals with the interests of shareholders.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other NetApp CEOs

N

Thomas Georgens

Ex-CEO of NetApp

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

June 1, 1960 - 65 years ago

CEO of NetApp for

5 years 9 months (Aug 2009 - Jun 2015)

Previous Experience

Formerly Chief Operating Officer and President of the Company.

Rivals

Competitors/colleagues of Thomas Georgens

A

Gary E. Dickerson

CEO of Applied Materials

2023 Compensation

Stock

$40.73M

Salary

$1.03M

Bonus

$1.63M

Other

$241.98K

Total Holdings

$259.00M

Z

Jay Chaudhry

Founder and CEO of Zscaler

2022 Compensation

Stock

$41.51M

Salary

$23.66K

Bonus

$0.00

Other

$0.00

Total Holdings

$513.27M

P

Charles Giancarlo

CEO of Pure Storage, Inc.

2023 Compensation

Stock

$17.12M

Salary

$800.00K

Bonus

$820.80K

Other

$5.69K

Total Holdings

$152.55M

N

Jen-Hsun Huang

Founder and CEO of Nvidia

2023 Compensation

Stock

$61.63M

Salary

$1.00M

Bonus

$4.00M

Other

$2.49M

Total Holdings

$99.30B

H

Enrique Lores

CEO of HP

2023 Compensation

Stock

$10.77M

Salary

$1.30M

Bonus

$0.00

Other

$305.84K

Total Holdings

$4.88M

H

Antonio Neri

CEO of Hewlett Packard Enterprise

2022 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$0.00

Other

$135.39K

Total Holdings

$28.02M

Holdings

See how much did Thomas Georgens make over time.

Thomas Georgens had significant insider trading activity, particularly during 2020 and 2021. The value of his holdings showed a noticeable upswing, peaking at $12.44 million in August 2021. His transactions during this period reflect confidence in the company's performance. In...

Thomas Georgens had significant insider trading activity, particularly during 2020 and 2021. The value of his holdings showed a noticeable upswing, peaking at $12.44 million in August 2021. His transactions during this period reflect confidence in the company's performance. In contrast, his holdings have fluctuated significantly over time, with values around $6 million during early 2019. The increase to over $10 million by the end of 2021 mirrors a bullish outlook on NetApp's stock, suggesting he was capitalizing on rising market conditions. This series of transactions hints at his strategic moves aligned with corporate developments and market trends.

Total Stock Sold

$60.41M

NTAP

$60.41M

1,501,732 NTAP shares

What if they kept their stock?

If Thomas Georgens didn't sell their stock, today they would have:
Extra NTAP1,501,732 shares worth $67.97M.
This is 12.52% and $7.56M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Thomas Georgens.

NTAP

$1.17M

NTAP at $33.81/share

Jun 3, 2015

Sale

NTAP

$4.24M

NTAP at $42.38/share

Nov 21, 2014

Sale

NTAP

$6.16M

NTAP at $41.07/share

Aug 18, 2014

Sale

NTAP

$843.66K

NTAP at $36.21/share

Jun 3, 2014

Sale

NTAP

$5.17M

NTAP at $41.35/share

Dec 10, 2013

Sale

NTAP

532 shares

NTAP

Apr 25, 2014

Inheritance

NTAP

$5.18M

NTAP at $41.42/share

Aug 21, 2013

Sale

NTAP

$4.59M

NTAP at $37.87/share

Jun 5, 2013

Sale

NTAP

$4.09M

NTAP at $34.25/share

Feb 22, 2013

Sale

NTAP

$3.97M

NTAP at $34.36/share

Dec 19, 2012

Sale

Compensation History

See how much did Thomas Georgens make over time.

Georgens' compensation fluctuated significantly during his tenure as CEO of NetApp. In 2015, it reached a notable high of roughly $139 million, largely driven by vested stocks due to performance metrics. However, he faced challenges, with no bonuses awarded in some years due to unmet targets, reflecting the company's variable performance. In 2014, his total compensation was $1.28 million, underscoring how performance directly impacted executive pay. His base salary before resignation was around $975,000, but the true value came from stock options and long-term incentives. This compensation strategy aimed to link his financial outcomes closely with NetApp's performance, although it sometimes resulted in disappointing earnings during his leadership tenure.

Year

2015

Total Compensation

$5.39M

Salary

$975.00K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance and shareholder interests, focusing on long-term value creation.

Bonus

$0.00

Board Justification

No bonus was awarded as Mr. Georgens resigned as CEO on June 1, 2015.

Other

$13.48K

Board Justification

Other compensation includes life insurance and other benefits.

Restricted Stock

$4.40M(4.37M common stock)

Board Justification

The value of stock awards that vested in 2015, including RSUs and stock options.

Performance Metrics

The performance metrics for the CEO's compensation were based on company financial performance, including revenue and operating profit.

Other NetApp CEOs

Here are other CEOs of NetApp

Daniel J. Warmenhoven

Ex-CEO of NetApp

December 2005 - August 2009

George Kurian

CEO of NetApp

June 2015 - Present