Form 4: Palo Alto Networks President William D. Jenkins Jr. Reports Changes in Beneficial Ownership

William D. Jenkins Jr., President of Palo Alto Networks, reports the vesting and deferral of 56,107 shares of common stock into phantom stock under the company's Deferred Compensation Plan.

Summary

• On October 20, 2024, William D. Jenkins Jr., President of Palo Alto Networks, reported changes in his beneficial ownership of the company's stock.
• He deferred 56,107 shares of common stock, received from vesting performance-based restricted stock units, into phantom stock under the Palo Alto Networks, Inc. Deferred Compensation Plan.
• This transaction resulted in a decrease of 56,107 shares of common stock directly owned, bringing his direct ownership to 15,198 shares.
• He now holds 204,001 shares of phantom stock.
• Each share of phantom stock represents the right to receive one share of Palo Alto Networks common stock, which will be released on or about January 31, 2027.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, with no inherent positive or negative sentiment.

Future Outlook

The reporting person will receive common stock shares related to the phantom stock on or about January 31, 2027.

Industry Context

Executive compensation and stock ownership are common practices in publicly traded companies like Palo Alto Networks. Deferral plans are often used by executives for tax planning and long-term wealth accumulation.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors as it relates to internal executive compensation.

Key Dates