Mark D. Mclaughlin - Oct 20, 2021 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role
Director
Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Mark D. McLaughlin
Stock symbol
PANW
Transactions as of
Oct 20, 2021
Transactions value $
-$1,358,636
Form type
4
Date filed
10/22/2021, 05:50 PM
Previous filing
Oct 4, 2021
Next filing
Nov 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Tax liability -$1.36M -2.65K -5.84% $511.92 42.8K Oct 20, 2021 Direct F1
holding PANW Common Stock 56.9K Oct 20, 2021 See footnote F2
holding PANW Common Stock 3K Oct 20, 2021 See footnote F3
* 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 and performance-based restricted stock units.
F2 Shares are held by The McLaughlin Revocable Living Trust, for which the Reporting Person serves as a trustee.
F3 Shares are held by the McLaughlin 2020 Dynasty LLC for the benefit of the Reporting Person's children, for which the Reporting Person serves as a Manager.