Form 4: Palo Alto Networks Director John P. Key Reports Sale of Common Stock
SEC Form 4 Filing
Director John P. Key of Palo Alto Networks Inc. reports selling 1,000 shares of common stock at $312.39 per share on June 11, 2024.
Summary
- On June 11, 2024, John P. Key, a director of Palo Alto Networks Inc., sold 1,000 shares of the company's common stock.
- The sale price was $312.39 per share.
- Following the transaction, Key directly owns 11,639 shares of Palo Alto Networks Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company insiders.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| 06/11/2024 | Date of transaction: John P. Key sold 1,000 shares of Palo Alto Networks Inc. common stock. |
| 06/13/2024 | Date of report signature. |
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