| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PANW | Common Stock | Award | $0 | +61.5 K | +164.74% | $0.00 | 98.9 K | Oct 18, 2023 | Direct | F1 |
| transaction | PANW | Common Stock | Disposed to Issuer | $0 | -61.5 K | -62.23% | $0.00 | 37.4 K | Oct 20, 2023 | Direct | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PANW | Phantom Stock | Award | +61.5 K | +86.6% | 133 K | Oct 20, 2023 | Common Stock | 61.5 K | Direct | F2, F3 |
| Id | Content |
|---|---|
| F1 | Each share is represented by a performance-based restricted stock unit ("PSU"). The number of shares acquired represents the achievement of performance conditions, as certified by the Issuer's Compensation Committee on October 18, 2023, with respect to PSUs granted to the Reporting Person on August 20, 2021. The PSUs vest on October 20, 2023, subject to the Reporting Person continuing to be a Service Provider through that vesting date. |
| F2 | In connection with the vesting of the PSUs reported in the transaction line above, the Reporting Person elected to defer these shares pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "Deferred Compensation 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 or about January 31, 2027. |