| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PANW | Common Stock | Award | $0 | +4.48K | +18.09% | $0.00 | 29.3K | Aug 20, 2024 | Direct | F1 |
| transaction | PANW | Common Stock | Tax liability | -$281K | -764 | -2.61% | $368.01 | 28.5K | Aug 21, 2024 | Direct | F2 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Each share is represented by an RSU. One-third (1/3) of the RSUs will vest on each of the first, second and third anniversaries of the grant, subject to the Reporting Person continuing to be a Service Provider through each vesting date. |
| F2 | This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units (each, an "RSU"). |