William D. Jenkins Jr - May 20, 2023 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
May 20, 2023
Transactions value $
$0
Form type
4
Date filed
5/23/2023, 06:51 PM
Previous filing
May 22, 2023
Next filing
Aug 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Disposed to Issuer $0 -5.74K -11.29% $0.00 45.1K May 20, 2023 Direct F1, F2

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 +5.74K +9.64% 65.3K May 20, 2023 Common Stock 5.74K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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").
F2 Includes shares acquired by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan.
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.