Jean Compeau - 20 Aug 2021 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role
Deputy CFO & CAO
Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Jean Compeau
Issuer symbol
PANW
Transactions as of
20 Aug 2021
Net transactions value
-$18,373
Form type
4
Filing time
24 Aug 2021, 18:16:00 UTC
Previous filing
22 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Tax liability $18,373 -50 -0.24% $367.46 21,081 20 Aug 2021 Direct F1
transaction PANW Common Stock Award $0 +3,038 +14% $0.000000 24,119 20 Aug 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs shall vest over a three year period, with 1/3 of the shares to vest on each of August 20, 2022, August 20, 2023 and August 20, 2024, subject to the Reporting Person's continued service as of each such date.