Form 4: Palo Alto Networks Executive Josh D. Paul Reports Changes in Beneficial Ownership

Chief Accounting Officer Josh D. Paul of Palo Alto Networks reports acquisition and disposal of common stock and restricted stock units.

Summary

• On August 20, 2024, Josh D. Paul acquired 4,482 shares of Palo Alto Networks common stock represented by restricted stock units (RSUs) at a price of $0.
• One-third of the RSUs will vest on each of the first, second, and third anniversaries of the grant, contingent upon continued service.
• On August 21, 2024, 764 shares of common stock were disposed of at a price of $368.01 to cover income tax obligations related to the vesting of previously reported RSUs.
• Following these transactions, Paul directly owns 28,500 shares of Palo Alto Networks common stock.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by an executive, reflecting standard compensation practices and tax obligations.

Future Outlook

The RSUs will vest over three years, subject to continued service.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.

Key Dates