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 changes in beneficial ownership of company stock, including deferred shares and shares acquired through the Employee Stock Purchase Plan.

Summary

• On May 20, 2024, William D. Jenkins Jr., President of Palo Alto Networks, reported changes in his beneficial ownership of the company's stock.
• He deferred 3,825 shares of common stock related to the vesting of restricted stock units under the Palo Alto Networks, Inc. Deferred Compensation Plan.
• He also acquired shares through the Issuer's Employee Stock Purchase Plan.
• Following these transactions, Jenkins directly owns 22,122 shares of common stock.
• He also holds 144,066 derivative securities in the form of phantom stock, representing the right to receive an equivalent number of common stock shares on or about January 31, 2027.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The reporting person's participation in the Employee Stock Purchase Plan indicates confidence in the company's future.

Future Outlook

The phantom stock will be released on or about January 31, 2027.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading and provide investors with insights into the actions of company executives and directors.

Key Dates