Form 4 for PANW Palo Alto Networks

Accepted 2023-10-23 00:00:00 ET · period of report 2023-10-18 · accession 0001209191-23-053357 · 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	2023-10-23	2023-10-18	PANW	Arora Nikesh	CEO, Dir	A - Grant	$0.00	+105.7K	1.03M	+11%	$0
D	2023-10-23	2023-10-20	PANW	Arora Nikesh	CEO, Dir	D - Sale to Iss	$0.00	-160.0K	866.4K	-16%	$0
D	2023-10-23	2023-10-20	PANW	Arora Nikesh	CEO, Dir	A - Grant	—	+160.0K	426.9K	+60%	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-10-18	A	A	105,725	$0.00	1,026,354	D	—	—	(F1) Each share is represented by a performance-based restricted stock unit ("PSU"). The number of shares acquired represents the achievement of performance conditions, as certified by the Issuer's Compensation Committee on October 18, 2023, with respect to PSUs granted to the Reporting Person on August 20, 2021. The PSUs vest on October 20, 2023, subject to the Reporting Person continuing to be a Service Provider through that vesting date.
2	Common	Common Stock	2023-10-20	D	D	159,959	$0.00	866,395	D	—	—
3	Derivative	Phantom Stock	2023-10-20	A	A	159,959	—	426,911	D	— · — to —	159,959 Common Stock	(F4) 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 or about January 31, 2027. (F2) In connection with the vesting of PSUs, the Reporting Person elected to defer these shares pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan").