Form 4 for PANW Palo Alto Networks
Accepted 2022-10-24 00:00:00 ET · period of report 2022-10-20 · accession 0001209191-22-054416 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-10-24 | 2022-10-20 | PANW | Jenkins William D Jr | Pres | D - Sale to Iss | $0.00 | -48.1K | 62.2K | -44% | $0 |
| D | 2022-10-24 | 2022-10-20 | PANW | Jenkins William D Jr | Pres | A - Grant | $0.00 | +48.1K | 110.3K | +77% | $0 |
| D | 2022-10-24 | 2022-10-20 | PANW | Jenkins William D Jr | Pres | A - Grant | — | +48.1K | 48.1K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-10-20 | D | D | 48,090 | $0.00 | 62,187 | D | — | — | |
| 2 | Common | Common Stock | 2022-10-20 | A | A | 48,090 | $0.00 | 110,277 | D | — | — | (F1) The number of fully vested shares acquired represents the achievement of performance conditions, as certified by the Issuer's Compensation Committee on October 20, 2022, with respect to performance-based restricted stock units granted to the Reporting Person on August 20, 2021. (F2) The number of shares beneficially owned reflects the Issuer's 3-for-1 stock split effected September 13, 2022. (F3) Includes shares acquired by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan. |
| 3 | Derivative | Phantom Stock | 2022-10-20 | A | A | 48,090 | — | 48,090 | D | — · — to — | 48,090 Common Stock | (F5) Pursuant to the Deferred Compensation Plan, each share of phantom stock represents the Reporting Person's right to receive one share of common stock of the Issuer. The common stock shares will be released on January 31, 2027. (F4) In connection with the vesting of performance-based restricted stock units, the Reporting Person elected to defer these shares pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan"). |