ZBRA · Nasdaq

Zebra Technologies

Electronic Equipment & Instruments · Lincolnshire, Illinois · founded 1969

Board members
11
CEO
Bill Burns
Insider buys, 12 mo
$387K
Insider sales, 12 mo
$2.4M

Board of directors (11)

Directors with a Section 16 filing in the last 13 months. “Since” is the first filing as a director; SEC data sets start in 2016.

Anders Gustafsson
Executive Chairsince 2016 or earlier+2 S&P boards
Bill Burns
Chief Executive Officersince Mar 2023
Frank Blaise Modruson
Directorsince May 2016
Ross W. Manire
Directorsince May 2016
Janice M. Roberts
Directorsince May 2016
Michael A. Smith
Directorsince May 2016
Linda Connly
Directorsince May 2020
Nelda J. Connors
Directorsince Feb 2022+3 S&P boards
Satish Dhanasekaran
Directorsince May 2023+1 S&P board
Kenneth Bradley Miller
Directorsince May 2024
Mary T. McDowell
Directorsince Jul 2025

Executive officers (10)

Bill Burns
Chief Executive Officersince May 2016
Nathan Andrew Winters
Chief Financial Officersince Sep 2020
Michael Cho
Chief Strategy Officersince 2016 or earlier
Jeffrey F. Schmitz
Chief People Officersince 2016 or earlier
Colleen M. O'Sullivan
Chief Accounting Officersince Aug 2016
Cristen L. Kogl
Chief Legal Officersince Sep 2018
Tamara Dionne Froese
Chief Supply Chain Officersince Nov 2022
Robert John Armstrong, Jr.
Chief Marketing Officersince Mar 2023
Richard Edward Hudson
Chief Revenue Officersince Nov 2023
Loizides Melissa Luff
Chief People Officersince Jan 2026

Company facts

Chair
Anders Gustafsson
In S&P 500 since
Dec 2019
Incorporated in
—
Fiscal year ends
December
SEC industry
General Industrial Machinery & Equipment
SEC filings
EDGAR

Connections to other S&P 500 companies

Current directors and officers who also hold a role at another S&P 500 company.

Major holders (5% or more)

Latest Schedule 13D/13G filing per holder. Holders that reported falling below 5% are not shown. Index funds usually report once a year.

No 5% holder filings parsed yet for this company.

Insider trades

Open-market purchases and sales reported on Form 4. Grants, option exercises and tax withholding are excluded.

Buys, 12 mo
$387K
4 trades · 1 insiders
Sales, 12 mo
$2.4M
6 trades · 6 insiders
Net, 12 mo
-$2.0M
Data through
Aug 10, 2026
latest trade shown
DateInsiderTypeSharesPriceValue
Aug 10, 2026Linda Connly
Director
Sale500$377.68$189K
Aug 7, 2026Michael Cho
Chief Strategy Officer
Sale3,500$375.20$1.3M
May 26, 2026Loizides Melissa Luff
Chief People Officer
Sale500$253.95$127K
May 14, 2026Janice M. Roberts
Director
Sale3,000$249.54$749K
Mar 12, 2026Satish Dhanasekaran
Director
Buy200$205.40$41K
Mar 5, 2026Cristen L. Kogl
Chief Legal Officer
Sale145$235.71$34K
Mar 5, 2026Robert John Armstrong, Jr.
Chief Marketing Officer
Sale9$229.73$2K
Feb 27, 2026Satish Dhanasekaran
Director
Buy500$225.25$113K
Nov 18, 2025Satish Dhanasekaran
Director
Buy701$232.90$163K
Nov 18, 2025Satish Dhanasekaran
Director
Buy299$233.63$70K
Aug 12, 2025Linda Connly
Director
Sale1,107$322.00$356K
Feb 25, 2025Anders Gustafsson
Executive Chair
Buy2,727$309.77$845K
Feb 24, 2025Anders Gustafsson
Executive Chair
Buy500$311.00$156K
Nov 25, 2024Colleen M. O'Sullivan
Chief Accounting Officer
Sale190$399.89$76K
Nov 12, 2024Michael Cho
Chief Strategy Officer
Sale298$400.95$119K
Nov 8, 2024Joseph Ramsey White
Chief Product & Solutions
Sale1,556$400.75$624K
Nov 7, 2024Richard Edward Hudson
Chief Revenue Officer
Sale1,105$394.47$436K
Nov 6, 2024Cristen L. Kogl
Chief Legal Officer
Sale522$390.00$204K
Nov 6, 2024Jeffrey F. Schmitz
Chief People Officer
Sale191$384.77$73K
Nov 6, 2024Jeffrey F. Schmitz
Chief People Officer
Sale496$388.32$193K
Nov 6, 2024Robert John Armstrong, Jr.
Chief Marketing Officer
Sale851$393.32$335K
Nov 6, 2024Robert John Armstrong, Jr.
Chief Marketing Officer
Sale63$390.50$25K
Oct 31, 2024Nathan Andrew Winters
Chief Financial Officer
Sale485$381.29$185K
Oct 31, 2024Nathan Andrew Winters
Chief Financial Officer
Sale1,352$381.89$516K
Aug 15, 2024Jeffrey F. Schmitz
Chief People Officer
Sale1,000$341.69$342K

Board and executive changes

Every 8-K with Item 5.02 (departure, election or appointment of directors and officers). The text is the first paragraph of the item.

  1. May 26, 2026

    At the 2026 Annual Meeting of Stockholders (the “2026 Annual Meeting”) of Zebra Technologies Corporation (the “Company”) held on May 19, 2026, the Company’s stockholders approved the Zebra Technologies Corporation 2026 Long-Term Incentive Plan (the “2026 LTIP”), which previously had been approved by the Company’s Board of Directors (the “Board”) subject to stockholder approval. The following paragraphs provide a summary of certain terms of the 2026 LTIP. The purposes of the 2026 LTIP are to: align participants’ long-term compensation with the interests of the Company and its stockholders; and attract, retain, motivate and reward key personnel.

    Read the 8-K filing
  2. Nov 24, 2025

    On November 20, 2025, Jeffrey Schmitz, Chief People Officer of Zebra Technologies Corporation (the “Company”), notified the Company that he will step down from his position as Chief People Officer, effective the close of business on December 31, 2025. On January 1, 2026, Mr. Schmitz will continue employment as a Senior Vice President of the Company until his retirement in the second quarter of 2026. Melissa Luff Loizides, currently Vice President of the Company, will commence serving as Chief People Officer on January 1, 2026. On November 24, 2025, the Company issued a press release announcing Mr. Schmitz’s departure and Ms. Luff Loizides’ appointment. A copy of the press release is attached to this Current Report as Exhibit 99.1 and is incorporated herein by reference.

    Read the 8-K filing
  3. Oct 17, 2025

    On October 15, 2025, Joseph R. White notified Zebra Technologies Corporation of his decision to resign from his position as Chief Product & Solutions Officer to pursue another opportunity, effective November 7, 2025.

    Read the 8-K filing
  4. Jul 28, 2025

    On July 25, 2025, the Board of Directors (the “Board”) of Zebra Technologies Corporation (the “Company”) increased the size of the Board from ten to eleven directors, increased the number of Class I directors from three to four, and appointed Ms. Mary McDowell to serve as a Class I director of the Company, each effective immediately. Also, effective as of July 25, 2025, the Board increased the size of the Audit Committee from five to six members and appointed Ms. McDowell as a member of the Audit Committee. The term of office for Class I directors expires at Zebra’s 2027 Annual Meeting of Stockholders, and Ms. McDowell will stand for election at that time. Ms.

    Read the 8-K filing
  5. May 15, 2024

    Expiration of Mr. Keyser's term on the Board of Directors and election of Kenneth Miller Kenneth Miller was elected to Zebra Technologies Corporation’s (the “Company”) Board of Directors as a Class I director with a three-year term expiring at the Company's 2027 Annual Meeting. Mr. Miller replaces Mr. Richard Keyser who did not seek re-election as a director at the 2024 Annual Meeting and ceased being a director as of the 2024 Annual Meeting. A copy of the press release issued by the Company on May 15, 2024 announcing Mr. Miller’s election to the Board is attached hereto as Exhibit 99.1.

    Read the 8-K filing
  6. Nov 6, 2023

    On November 3, 2023, Zebra Technologies Corporation (the “Company”) and Joachim Heel agreed that, effective November 3, 2023, Mr. Heel will step down as Chief Revenue Officer and that he will leave the Company on December 1, 2023. Mr. Heel has confirmed that his departure is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Richard Hudson, formerly Senior Vice President and General Manager, EMEA of the Company, commenced serving as Chief Revenue Officer, effective November 3, 2023. It is expected that Mr. Heel will enter into a customary separation agreement and release, the terms of which are materially consistent with those previously disclosed by the Company. On November 6, 2023, the Company issued a press release announcing Mr. Heel’s departure and Mr. Hudson’s appointment.

    Read the 8-K filing
  7. May 15, 2023

    Resignation of Mr. Desai from the Board of Directors On May 11, 2023, Chirantan “CJ” Desai, a Class I director, notified Zebra Technologies Corporation (the “Company”) of his decision to step down from the Board of Directors (the “Board”), effective as of May 11, 2023. Mr. Desai’s term would have expired at the Company’s 2024 annual meeting of stockholders. Mr. Desai has indicated that his departure from the Board is not the result of any disagreement with the Company on any matters relating to the Company’s operations, policies or practices. Election of Mr. Dhanasekaran to the Board of Directors Effective as of May 11, 2023, the Board elected Satish Dhanasekaran as a Class I director, with a term expiring at the Company’s 2024 annual meeting of stockholders and until his successor shall have been duly elected and qualified. Also effective as of May 11, 2023, the Board appointed Mr.

    Read the 8-K filing
  8. Dec 8, 2022

    Executive Transition On December 5, 2022, the Board of Directors (the “Board”) of Zebra Technologies Corporation (the “Company”) appointed William Burns, currently the Company’s Chief Product and Solutions Officer, as Chief Executive Officer of the Company and a director of the Company, effective March 1, 2023 (the “Effective Date”). Mr. Burns will succeed Anders Gustafsson, who will step down as Chief Executive Officer of the Company and will assume the position of Executive Chair of the Board as of the Effective Date. Mr. Burns, age 55, has served as the Company’s Chief Product & Solutions Officer since February 2018. Mr. Burns joined the Company in 2015 to lead its largest business unit as Senior Vice President, Enterprise Visibility and Mobility, which included mobile computing, data capture and RFID solutions, as well as the Company’s Chief Technology Office.

    Read the 8-K filing
  9. Nov 9, 2021

    On November 5, 2021, the Board of Directors (the “Board”) of Zebra Technologies Corporation (the “Company”) increased the size of the Board from eight to nine directors, increased the number of Class II directors from two to three, and elected Ms. Nelda J. Connors to serve as a Class II director of Zebra, each effective as of February 3, 2022. The term of office for Class II directors expires at Zebra’s 2022 Annual Meeting of Stockholders, and Ms. Connors will stand for election at that time. Also effective as of February 3, 2022, the Board appointed Ms. Connors to serve on the Audit Committee of the Board. Ms.

    Read the 8-K filing
  10. Jan 12, 2021

    Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officer. On January 12, 2021, Zebra announced the appointment of Nathan Winters as Chief Financial Officer, effective January 11, 2021. Mr. Winters had been serving as Zebra’s Acting Chief Financial Officer since August 28, 2020. Mr. Winters, 41, has served as Vice President of Corporate Financial Planning & Analysis and Business Operations of the Company since April 2018. Prior to joining the Company, Mr. Winters most recently served as the Chief Financial Officer, Global Supply Chain at GE Healthcare from April 2016 to March 2018. In addition to that position at GE Healthcare, he held the position of Chief Financial Officer, Life Science BioProcess (April 2014 to March 2016) and previously held various finance positions of growing levels of responsibility at GE Healthcare and General Electric.

    Read the 8-K filing
  11. Aug 18, 2020

    On August 13, 2020, Olivier Leonetti notified Zebra Technologies Corporation (the “Company) of his decision to resign from his position as Senior Vice President, Chief Financial Officer to pursue another opportunity, effective August 28, 2020. Mr. Leonetti’s decision to resign is not related to any disagreement with the Company or its auditors on any matter relating to the Company’s operations, policies or practices. The Board of Directors has appointed Nathan Winters as Acting Chief Financial Officer, effective August 28, 2020, until a permanent Chief Financial Officer is appointed. Mr. Winters, 41, has served as Vice President of Corporate Financial Planning & Analysis and Business Operations of the Company since April 2018. Prior to joining the Company, Mr. Winters most recently served as the Chief Financial Officer, Global Supply Chain at GE Healthcare from April 2016 to March 2018.

    Read the 8-K filing
  12. Apr 30, 2020

    In light of the evolving circumstances relating to the coronavirus pandemic, Zebra Technologies Corporation (the “Company”) has taken a proactive step and is effecting temporary salary reductions for the Company’s Executive Officers. For a period of three months, base salary payments will be reduced by 30% for the Company’s Chief Executive Officer and 20% for the other Executive Officers, which include the Company’s Named Executive Officers (as named in the Company’s 2020 Proxy Statement filed on April 2, 2020). Base cash retainer payments for the applicable period for the members of the Company’s Board of Directors will be reduced by 30%.

    Read the 8-K filing
  13. Mar 26, 2020

    On March 23, 2020, Andrew K. Ludwick, a director of Zebra Technologies Corporation (“Zebra”), notified the Board of Directors of Zebra of his decision to retire from the Board, effective upon the election of his replacement at the 2020 Annual Meeting of Stockholders on May 14, 2020. Mr. Ludwick stated that his intent to retire does not result from any disagreement with the Company.

    Read the 8-K filing
  14. Nov 5, 2019

    On November 1, 2019, Michael Terzich, Zebra Technologies Corporation’s (“Zebra”) Chief Administrative Officer, notified Zebra of his decision to retire, effective July 1, 2020.

    Read the 8-K filing
  15. Dec 7, 2018

    Under the Agreement, from June 1, 2018 to December 31, 2018, Mr. Gagnier was to hold the title and responsibilities of Senior Vice President, Global Supply Chain. As a result of Mr. Gagnier’s successor joining Zebra, effective December 3, 2018, Mr. Gagnier no longer holds the title or responsibilities of Senior Vice President, Global Supply Chain. 1

    Read the 8-K filing
Show 5 older changes
  1. May 22, 2018

    On May 17, 2018, Zebra Technologies Corporation (“Zebra”) entered into an Employment Agreement (the “Agreement”) with Hugh Gagnier regarding the terms of his employment. Mr. Gagnier has served as Zebra’s Senior Vice President, Asset Intelligence and Tracking since October 2014. Under the terms of the Agreement, effective June 1, 2018 through December 31, 2018, Mr. Gagnier will serve as Zebra’s Senior Vice President, Global Supply Chain. From December 31, 2018 through June 30, 2021, Mr. Gagnier will serve as a Vice President of Zebra. Mr. Gagnier will receive his current salary of $437,500 through December 31, 2018. After that date, Mr. Gagnier’s salary will be $15,000. During the term of the Agreement: • Mr.

    Read the 8-K filing
  2. Nov 15, 2016

    5.02(b) On November 15, 2016, Zebra Technologies Corporation (“Zebra”) announced the departure of Michael Smiley, Zebra’s Chief Financial Officer. Mr. Smiley will cease his duties as Chief Financial Officer as of November 16, 2016. 5.02(c) On November 15, 2016, Zebra announced the appointment of Olivier Leonetti as Chief Financial Officer, effective November 16, 2016. Mr. Leonetti joins Zebra with more than 25 years of experience in financial and executive leadership roles. Most recently, he served as Chief Financial Officer at Western Digital Corporation, an industry-leading provider of storage technologies and solutions that generated $13 billion in revenue for fiscal year ending July 1, 2016. In that role, Mr. Leonetti was responsible for all finance functions, including accounting, tax, treasury, financial planning and investor relations. During his tenure, Mr.

    Read the 8-K filing
  3. Aug 19, 2016

    Effective August 15, 2016, the Board of Directors appointed Colleen O’Sullivan as the Chief Accounting Officer (“CAO”) for Zebra Technologies Corporation. Michael Smiley, Zebra’s Principal Financial Officer, has served in an interim capacity as Zebra’s Principal Accounting Officer since April 6, 2016. Ms. O’Sullivan, 49, most recently served as Senior Vice President and Chief Financial Officer at Career Education Corporation. In addition to that position at Career Education Corporation, she held the positions of Senior Vice President, Controller and Chief Accounting Officer, and Vice President and Controller. Previously, she held various finance and accounting positions at Hewitt Associates and Sears Holdings Corporation. Earlier in her career, she held various roles in the audit practice at Arthur Andersen. Ms.

    Read the 8-K filing
  4. Apr 8, 2016

    Effective April 6, 2016, Michael Smiley, Zebra’s Principal Financial Officer, has assumed the additional duties of Principal Accounting Officer. In connection with Mr. Smiley assuming such additional duties, Steve Boshold will cease his duties as acting Chief Accounting Officer and will return full time to his role as Zebra’s North American Controller.

    Read the 8-K filing
  5. Jan 22, 2016

    Effective January 15, 2016, Gina Vascsinec, Zebra’s Chief Accounting Officer, is taking a medical leave of absence. At this time, Zebra cannot predict when Ms. Vascsinec will return to work. In connection with Ms. Vascsinec’s leave of absence, effective January 15, 2016, Steve Boshold was appointed to serve as Zebra’s acting Chief Accounting Officer.

    Read the 8-K filing

Proxy statements (DEF 14A): 2026 · 2025 · 2024 · 2023 · 2022 · 2021

Share price

$322.02+443% since 2016 board/officer change filed
77.3533158520172019202120232025

Annual financials

From the company's 10-K XBRL data (SEC companyfacts).

Fiscal yearRevenueNet incomeMarginDiluted EPSTotal assets
FY2025$5.4B$419.0M7.8%$8.18$8.5B
FY2024$5.0B$528.0M10.6%$10.18$8.0B
FY2023$4.6B$296.0M6.5%$5.72$7.3B
FY2022$5.8B$463.0M8.0%$8.80$7.5B
FY2021$5.6B$837.0M14.9%$15.52$6.2B
FY2020$4.4B$504.0M11.3%$9.35$5.4B
FY2019$4.5B$544.0M12.1%$9.97$4.7B
FY2018$4.2B$421.0M10.0%$7.76$4.3B

Former directors and officers (15)

People who stopped filing as an insider of this company. “Last filing” is the last Form 3/4/5, an upper bound on when they left.

Show the list
Joseph Ramsey White
Chief Product & SolutionsMar 2023 – May 2025
Richard L. Keyser
Director2016 or earlier – Aug 2023
Joachim Heel
Chief Revenue Officer2016 or earlier – May 2023
Stephen Edgar Williams
Chief Global Ops & ServicesDec 2018 – Aug 2022
Chirantan Jitendra Desai
DirectorMay 2016 – May 2022
Michael H. Terzich
SVP, Chief Administrative Ofcr2016 or earlier – May 2020
Olivier Leonetti
SVP, Chief Financial OfficerNov 2016 – May 2020
Holly R. Tyson
SVP, Chief HR OfficerApr 2020 – May 2020
Andrew K. Ludwick
Director2016 or earlier – Mar 2020
Hugh K. Gagnier
SVP, Global Supply Chain2016 or earlier – Aug 2018
Jim L. Kaput
SVP, General Counsel & Secy2016 or earlier – Aug 2018
Michael C. Smiley
Chief Financial Officer2016 or earlier – May 2016
Gina Vascsinec
Chief Accounting OfficerMay 2016 – May 2016
Steve Boshold
Acting Chief Accounting Office2016 or earlier – Mar 2016
Gerhard Cless
Executive Vice President2016 or earlier – Jan 2016
Zebra Technologies (ZBRA) board, executives and insiders | USBoard