Form 4: Palo Alto Networks EVP, CFO Dipak Golechha Reports Tax-Related Share Withholding
SEC Form 4 Filing
Dipak Golechha, EVP and CFO of Palo Alto Networks, reports the withholding of shares by the issuer to cover income tax obligations related to vesting of restricted stock units.
Summary
- On June 20, 2024, Dipak Golechha, the EVP and CFO of Palo Alto Networks, reported a transaction involving common stock.
- The transaction involved the withholding of 3,309 shares by Palo Alto Networks to satisfy income tax obligations related to the vesting and net settlement of restricted stock units.
- The price per share for the withholding was $317.02.
- Following the transaction, Golechha directly owns 59,898 shares of Palo Alto Networks common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to internal tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of the transaction (share withholding). |
| 06/21/2024 | Date of signature on the Form 4 filing. |
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