Form 4: Palo Alto Networks EVP Lee Klarich Reports Stock Transaction
SEC Form 4 Filing
Lee Klarich, EVP and Chief Product Officer of Palo Alto Networks, reports a transaction involving the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 20, 2024, Lee Klarich, EVP and Chief Product Officer of Palo Alto Networks, had shares withheld by the issuer to cover income tax obligations related to the vesting of performance-based restricted stock units.
- A total of 38,464 shares of common stock were withheld at a price of $374.83.
- Following the transaction, Klarich directly owns 182,928 shares of common stock.
- Klarich also indirectly owns 370,000 shares through the Lee and Susan Klarich 2005 Trust.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation and tax obligations. It doesn't inherently reflect positive or negative sentiment about the company's performance.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common among publicly traded companies. It doesn't necessarily indicate a change in the company's overall financial health or strategic direction.
Key Dates
| Date | Description |
|---|---|
| 12/05/2005 | Date of the Lee and Susan Klarich 2005 Trust |
| 10/20/2024 | Date of stock transaction (tax withholding) |
| 10/22/2024 | Date of signature on the Form 4 filing |
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