Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PANW | Common Stock | Disposed to Issuer | $0 | -54.2K | -4.61% | $0.00 | 1.12M | Apr 20, 2023 | Direct | F1 |
holding | PANW | Common Stock | 16K | Apr 20, 2023 | See footnote | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PANW | Phantom Stock | Award | +54.2K | +46.78% | 170K | Apr 20, 2023 | Common Stock | 54.2K | Direct | F1, F3 |
Id | Content |
---|---|
F1 | In connection with the vesting of previously reported 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"). |
F2 | Shares are held by Bacchey Investments L.P., of which Bacchey Management LLC (the "LLC") is the General Partner. The Reporting Person is the manager of the LLC. The sole member of the LLC is the Aurora Trust, for which the Reporting Person serves as a trustee. |
F3 | 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. |
This Form 4 is amended to correct the unintentional underreporting of shares.