Form 4: Zscaler Director Naughton Receives RSU Grant

Zscaler, Inc. Director Eileen Naughton acquired 1,076 restricted stock units, which will vest quarterly starting March 15, 2026.

Summary

• Eileen Naughton, a Director at Zscaler, Inc. (ZS), acquired 1,076 shares of common stock.
• The acquisition occurred on January 12, 2026, at a price of $0 per share.
• These shares are represented by restricted stock units (RSUs).
• The RSUs will vest in four equal quarterly installments.
• The vesting schedule begins on March 15, 2026.
• Following this transaction, Eileen Naughton beneficially owns 7,745 shares directly.

Sentiment

Score: 6

Explanation: The filing reports a standard equity compensation grant to a director, which is a neutral to slightly positive event as it aligns the director's interests with shareholders and is part of expected compensation practices.

Positives

• Director Eileen Naughton received 1,076 restricted stock units, aligning her interests with long-term shareholder value.
• The grant represents ongoing compensation and retention for a key board member.

Future Outlook

The filing does not provide specific forward-looking statements or guidance beyond the vesting schedule of the granted restricted stock units.

Industry Context

This is a standard equity compensation event for a director, common across the technology industry to align executive and board member incentives with company performance and shareholder interests.

Comparison to Industry Standards

• The grant of restricted stock units to a director is a common practice in the technology sector, comparable to compensation structures at companies like CrowdStrike Holdings, Inc. (CRWD) or Palo Alto Networks, Inc. (PANW), which frequently use equity awards to attract and retain talent and board members.
• The vesting schedule over quarterly installments is also a standard approach to ensure long-term commitment and performance alignment.

Stakeholder Impact

• Shareholders: The grant aligns the director's interests with long-term shareholder value.

Next Steps

• The restricted stock units will vest in four equal quarterly installments beginning March 15, 2026.

Key Dates

Keywords

Zscaler, ZS, Eileen Naughton, Director, Restricted Stock Units, RSU, Insider Transaction, Compensation, Equity Grant