William D. Jenkins Jr - Oct 20, 2022 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role
President
Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for William D. Jenkins, Jr.
Stock symbol
PANW
Transactions as of
Oct 20, 2022
Transactions value $
$0
Form type
4
Date filed
10/24/2022, 05:09 PM
Previous filing
Aug 22, 2022
Next filing
Nov 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Award $0 +48.1K +77.33% $0.00 110K Oct 20, 2022 Direct F1, F2, F3
transaction PANW Common Stock Disposed to Issuer $0 -48.1K -43.61% $0.00 62.2K Oct 20, 2022 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PANW Phantom Stock Award +48.1K 48.1K Oct 20, 2022 Common Stock 48.1K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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").
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.