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Pay vs Performance Disclosure
12 Months Ended
Mar. 29, 2024
USD ($)
Mar. 31, 2023
USD ($)
Apr. 01, 2022
USD ($)
Apr. 02, 2021
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
This section provides disclosure about the relationship between executive compensation actually paid to our principal executive officer (PEO) and non-PEO NEOs and certain financial performance measures of the Company for the fiscal years listed below. This disclosure has been prepared in accordance with Item 402(v) of Regulation S-K under the Exchange Act (Pay Versus Performance Rules) and does not necessarily reflect how the Compensation and Leadership Development Committee evaluates compensation decisions.
 
 
 
 
 
Value of Initial Fixed $100
Investment Based On:(5)
 
 
Year(1)
(a)
Summary
Compensation
Table Total
for PEO
(b)
Compensation
Actually
Paid to
PEO(2)(3)
(c)
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs
(d)
Average
Compensation
Actually
Paid to
Non-PEO
NEOs(2)(4)
(e)
Total
Shareholder
Return
(f)
Peer
Group
Total
Shareholder
Return
(g)
Net Income
(in millions)
(h)
Net Revenue
Growth (by
percentage)(6)
(i)
2024
$15,362,827
$29,300,356
$6,219,954
$11,536,695
$134
$293
$616
14%
2023
$25,291,365
$5,686,393
$9,006,551
$(105,381)
$100
$201
$1,349
19%
2022
$13,517,505
$20,734,811
$12,126,077
$18,159,360
$154
$210
$836
10%
2021
$13,829,574
$24,198,283
$4,001,474
$5,238,020
$120
$177
$554
11%
(1)
The following table lists the PEO and non-PEO NEOs for each of fiscal years 2021, 2022, 2023 and 2024.
 
PEO
Non-PEO NEOs
2024
Vincent Pilette
Ondrej Vlcek, Natalie Derse, and Bryan Ko
2023
Vincent Pilette
Ondrej Vlcek, Natalie Derse, and Bryan Ko
2022
Vincent Pilette
Natalie Derse and Bryan Ko
2021
Vincent Pilette
Natalie Derse, Matthew Brown, Samir Kapuria and Bryan Ko
(2)
The dollar amounts reported represent the amount of “compensation actually paid,” as calculated in accordance with the Pay Versus Performance Rules. These dollar amounts do not reflect the actual amounts of compensation earned by or paid to our NEOs during the applicable year. For purposes of calculating “compensation actually paid,” the fair value of equity awards is calculated in accordance with ASC Topic 718 using the same assumption methodologies used to calculate the grant date fair value of awards for purposes of the Summary Compensation Table (refer to “Executive Compensation and Related Information — Executive Compensation Tables — Summary Compensation Table” for additional information).
(3)
The following table shows the amounts deducted from and added to the Summary Compensation Table total to calculate “compensation actually paid” to Mr. Pilette in accordance with the Pay Versus Performance Rules:
 
Pension Plan
Adjustments
Equity Award Adjustments
 
 
Summary
Compensation
Table Total
for PEO
Change in
Pension
Value
Pension
Service
Cost
Stock
Awards
Year End
Fair Value
of Equity
Awards
Granted in
the Year
and
Unvested
at
Year End
Year over
Year
Change in
Fair Value
of
Outstanding
and
Unvested
Equity
Awards
Granted
in Prior
Years
Fair Value
as of
Vesting
Date of
Equity
Awards
Granted
and
Vested
in the
Year
Change in
Fair Value
of Equity
Awards
Granted in
Prior
Years
that
Vested
in the
Year
Fair Value
at the
End of
the Prior
Year of
Equity
Awards
that Failed
to Meet
Vesting
Conditions
in the
Year
Value of
Dividends
or other
Earnings
Paid on
Stock or
Option
Awards
not
Otherwise
Reflected
in Fair
Value
Compensation
Actually
Paid to
PEO
2024
$15,362,827
N/A
N/A
$(13,386,893)
$17,963,298
$4,235,771
$4,261,074
$864,279
$29,300,356
2023
$25,291,365
N/A
N/A
$(23,336,211)
$10,908,779
$(5,774,617)
$(2,068,928)
$666,005
$5,686,393
2022
$13,517,505
N/A
N/A
$(11,437,131)
$15,110,461
$3,167,247
$356,090
$20,639
$20,734,811
2021
$13,829,574
N/A
N/A
$(10,278,897)
$10,181,749
$(1,467,399)
$11,933,256
$24,198,283
(4)
The following table shows the amounts deducted from and added to the average Summary Compensation Table total compensation to calculate the average “compensation actually paid” to our non-PEO NEOs in accordance with the Pay Versus Performance Rules.
 
Pension Plan
Adjustments
Equity Award Adjustments
 
 
Average
Summary
Compensation
Table
Total
for
Non-PEO
NEOs
Change
in
Pension
Value
Pension
Service
Cost
Stock Awards
Year End
Fair Value
of
Equity
Awards
Granted
in the
Year and
Unvested
at Year
End
Year over
Year
Change
in Fair
Value of
Outstanding
and
Unvested
Equity
Awards
Granted
in Prior
Years
Fair Value
as of
Vesting
Date of
Equity
Awards
Granted
and
Vested
in the
Year
Change
in Fair
Value of
Equity
Awards
Granted
in Prior
Years
that
Vested
in the
Year
Fair Value
at the
End of
the Prior
Year of
Equity
Awards
that
Failed to
Meet
Vesting
Conditions
in the
Year
Value of
Dividends
or other
Earnings
Paid on
Stock or
Option
Awards
not
Otherwise
Reflected
in Fair
Value
Average
Compensation
Actually
Paid to
Non-PEO
NEOs
2024
$6,219,954
N/A
N/A
$(5,088,586)
$6,828,155
$2,218,641
$0
$1,122,822
$0
$235,709
$11,536,695
2023
$9,006,551
N/A
N/A
$(8,173,767)
$5,095,792
$(5,796,603)
$0
$(517,328)
$0
$279,974
$(105,381)
2022
$12,126,077
N/A
N/A
$(11,197,900)
$13,885,671
$1,213,977
$0
$1,000,832
$0
$1,130,703
$18,159,360
2021
$4,001,474
N/A
N/A
$(2,908,394)
$1,991,444
$(9,777)
$0
18,076
$0
$2,145,197
$5,238,020
(5)
In accordance with the Pay Versus Performance Rules, the Company and the Company’s peer group total shareholder return (Peer Group TSR) is determined based on the value of an initial fixed investment of $100 on April 4, 2020, through the end of the listed fiscal year. The Peer Group TSR set forth in this table was determined using the S&P Information Technology Index, which we also use in preparing the stock performance graph required by Item 201(e) of Regulation S-K for our Annual Report for the fiscal year ended March 29, 2024.
(6)
We have determined that Net Revenue Growth is the financial performance measure that, in the Company’s assessment, represents the most important financial performance measure used to link “compensation actually paid” to our NEOs, for fiscal year 2024, to company performance (Company Selected Measure (as defined in the Pay Versus Performance Rules)). “Net Revenue Growth” refers to the percentage of year-over-year growth in annual GAAP net revenue.
     
Company Selected Measure Name Net Revenue Growth      
Named Executive Officers, Footnote
(1)
The following table lists the PEO and non-PEO NEOs for each of fiscal years 2021, 2022, 2023 and 2024.
 
PEO
Non-PEO NEOs
2024
Vincent Pilette
Ondrej Vlcek, Natalie Derse, and Bryan Ko
2023
Vincent Pilette
Ondrej Vlcek, Natalie Derse, and Bryan Ko
2022
Vincent Pilette
Natalie Derse and Bryan Ko
2021
Vincent Pilette
Natalie Derse, Matthew Brown, Samir Kapuria and Bryan Ko
     
Peer Group Issuers, Footnote
(5)
In accordance with the Pay Versus Performance Rules, the Company and the Company’s peer group total shareholder return (Peer Group TSR) is determined based on the value of an initial fixed investment of $100 on April 4, 2020, through the end of the listed fiscal year. The Peer Group TSR set forth in this table was determined using the S&P Information Technology Index, which we also use in preparing the stock performance graph required by Item 201(e) of Regulation S-K for our Annual Report for the fiscal year ended March 29, 2024.
     
PEO Total Compensation Amount $ 15,362,827 $ 25,291,365 $ 13,517,505 $ 13,829,574
PEO Actually Paid Compensation Amount $ 29,300,356 5,686,393 20,734,811 24,198,283
Adjustment To PEO Compensation, Footnote
(3)
The following table shows the amounts deducted from and added to the Summary Compensation Table total to calculate “compensation actually paid” to Mr. Pilette in accordance with the Pay Versus Performance Rules:
 
Pension Plan
Adjustments
Equity Award Adjustments
 
 
Summary
Compensation
Table Total
for PEO
Change in
Pension
Value
Pension
Service
Cost
Stock
Awards
Year End
Fair Value
of Equity
Awards
Granted in
the Year
and
Unvested
at
Year End
Year over
Year
Change in
Fair Value
of
Outstanding
and
Unvested
Equity
Awards
Granted
in Prior
Years
Fair Value
as of
Vesting
Date of
Equity
Awards
Granted
and
Vested
in the
Year
Change in
Fair Value
of Equity
Awards
Granted in
Prior
Years
that
Vested
in the
Year
Fair Value
at the
End of
the Prior
Year of
Equity
Awards
that Failed
to Meet
Vesting
Conditions
in the
Year
Value of
Dividends
or other
Earnings
Paid on
Stock or
Option
Awards
not
Otherwise
Reflected
in Fair
Value
Compensation
Actually
Paid to
PEO
2024
$15,362,827
N/A
N/A
$(13,386,893)
$17,963,298
$4,235,771
$4,261,074
$864,279
$29,300,356
2023
$25,291,365
N/A
N/A
$(23,336,211)
$10,908,779
$(5,774,617)
$(2,068,928)
$666,005
$5,686,393
2022
$13,517,505
N/A
N/A
$(11,437,131)
$15,110,461
$3,167,247
$356,090
$20,639
$20,734,811
2021
$13,829,574
N/A
N/A
$(10,278,897)
$10,181,749
$(1,467,399)
$11,933,256
$24,198,283
     
Non-PEO NEO Average Total Compensation Amount $ 6,219,954 9,006,551 12,126,077 4,001,474
Non-PEO NEO Average Compensation Actually Paid Amount $ 11,536,695 (105,381) 18,159,360 5,238,020
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The following table shows the amounts deducted from and added to the average Summary Compensation Table total compensation to calculate the average “compensation actually paid” to our non-PEO NEOs in accordance with the Pay Versus Performance Rules.
 
Pension Plan
Adjustments
Equity Award Adjustments
 
 
Average
Summary
Compensation
Table
Total
for
Non-PEO
NEOs
Change
in
Pension
Value
Pension
Service
Cost
Stock Awards
Year End
Fair Value
of
Equity
Awards
Granted
in the
Year and
Unvested
at Year
End
Year over
Year
Change
in Fair
Value of
Outstanding
and
Unvested
Equity
Awards
Granted
in Prior
Years
Fair Value
as of
Vesting
Date of
Equity
Awards
Granted
and
Vested
in the
Year
Change
in Fair
Value of
Equity
Awards
Granted
in Prior
Years
that
Vested
in the
Year
Fair Value
at the
End of
the Prior
Year of
Equity
Awards
that
Failed to
Meet
Vesting
Conditions
in the
Year
Value of
Dividends
or other
Earnings
Paid on
Stock or
Option
Awards
not
Otherwise
Reflected
in Fair
Value
Average
Compensation
Actually
Paid to
Non-PEO
NEOs
2024
$6,219,954
N/A
N/A
$(5,088,586)
$6,828,155
$2,218,641
$0
$1,122,822
$0
$235,709
$11,536,695
2023
$9,006,551
N/A
N/A
$(8,173,767)
$5,095,792
$(5,796,603)
$0
$(517,328)
$0
$279,974
$(105,381)
2022
$12,126,077
N/A
N/A
$(11,197,900)
$13,885,671
$1,213,977
$0
$1,000,832
$0
$1,130,703
$18,159,360
2021
$4,001,474
N/A
N/A
$(2,908,394)
$1,991,444
$(9,777)
$0
18,076
$0
$2,145,197
$5,238,020
     
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between “Compensation Actually Paid” and Performance Measures
In accordance with the Pay Versus Performance Rules, the charts below illustrate how “compensation actually paid” to our NEOs aligns with the Company’s financial performance as measured by our TSR, our Peer Group TSR, our net income, and Net Revenue Growth:

     
Compensation Actually Paid vs. Net Income
Relationship Between “Compensation Actually Paid” and Performance Measures
In accordance with the Pay Versus Performance Rules, the charts below illustrate how “compensation actually paid” to our NEOs aligns with the Company’s financial performance as measured by our TSR, our Peer Group TSR, our net income, and Net Revenue Growth:

     
Compensation Actually Paid vs. Company Selected Measure
Relationship Between “Compensation Actually Paid” and Performance Measures
In accordance with the Pay Versus Performance Rules, the charts below illustrate how “compensation actually paid” to our NEOs aligns with the Company’s financial performance as measured by our TSR, our Peer Group TSR, our net income, and Net Revenue Growth:
     
Total Shareholder Return Vs Peer Group
Relationship Between “Compensation Actually Paid” and Performance Measures
In accordance with the Pay Versus Performance Rules, the charts below illustrate how “compensation actually paid” to our NEOs aligns with the Company’s financial performance as measured by our TSR, our Peer Group TSR, our net income, and Net Revenue Growth:

     
Tabular List, Table
Required Tabular Disclosure of Most Important Measures
In accordance with the Pay Versus Performance Rules, the following table lists the most important financial and non-financial performance measures that, in the Company’s assessment, represent the most important performance measures used to link “compensation actually paid” to our NEOs, for fiscal year 2024, to company performance, as further described in our Compensation Discussion and Analysis within the sections titled “Executive Compensation and Related Information — Executive Compensation Summary — FY24 Performance Highlights and Pay for Performance Alignment” (see page 60), “Executive Compensation and Related Information — Executive Compensation Summary — Compensation Components” (see page 63), “Executive Compensation and Related Information — Executive Compensation Summary — Executive Annual Incentive Plan (EAIP)” (see page 67), and “Executive Compensation and Related Information — Executive Compensation Summary — Equity Incentive Awards” (see page 70).
Most Important Performance Measures
Net Revenue Growth
Non-GAAP Operating Income
Non-GAAP Operating Margin
Relative Total Shareholder Return
Absolute Total Shareholder Return
Bookings Growth
     
Total Shareholder Return Amount $ 134 100 154 120
Peer Group Total Shareholder Return Amount 293 201 210 177
Net Income (Loss) $ 616,000,000 $ 1,349,000,000 $ 836,000,000 $ 554,000,000
Company Selected Measure Amount 0.14 0.19 0.10 0.11
PEO Name Vincent Pilette Vincent Pilette Vincent Pilette Vincent Pilette
Measure:: 1        
Pay vs Performance Disclosure        
Name Net Revenue Growth      
Measure:: 2        
Pay vs Performance Disclosure        
Name Non-GAAP Operating Income      
Measure:: 3        
Pay vs Performance Disclosure        
Name Non-GAAP Operating Margin      
Measure:: 4        
Pay vs Performance Disclosure        
Name Relative Total Shareholder Return      
Measure:: 5        
Pay vs Performance Disclosure        
Name Absolute Total Shareholder Return      
Measure:: 6        
Pay vs Performance Disclosure        
Name Bookings Growth      
PEO | Stock Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (13,386,893) $ (23,336,211) $ (11,437,131) $ (10,278,897)
PEO | Year End Fair Value of Equity Awards Granted in the Year and Unvested at Year End ​[Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 17,963,298 10,908,779 15,110,461 10,181,749
PEO | Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,235,771 (5,774,617) 3,167,247 0
PEO | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,261,074 (2,068,928) 356,090 (1,467,399)
PEO | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 864,279 666,005 20,639 11,933,256
Non-PEO NEO | Stock Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (5,088,586) (8,173,767) (11,197,900) (2,908,394)
Non-PEO NEO | Year End Fair Value of Equity Awards Granted in the Year and Unvested at Year End ​[Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,828,155 5,095,792 13,885,671 1,991,444
Non-PEO NEO | Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,218,641 (5,796,603) 1,213,977 (9,777)
Non-PEO NEO | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,122,822 (517,328) 1,000,832 18,076
Non-PEO NEO | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 235,709 $ 279,974 $ 1,130,703 $ 2,145,197