X0306 4 2019-07-31 0 0001327567 Palo Alto Networks Inc PANW 0001732435 Compeau Jean C/O PALO ALTO NETWORKS INC. 3000 TANNERY WAY SANTA CLARA CA 95054 0 1 0 0 Chief Accounting Officer Common Stock 2019-07-31 4 A 0 3310 0.00 A 24791 D Common Stock 2019-07-31 4 A 0 3310 0.00 A 28101 D Common Stock 2019-07-31 4 A 0 295 0.00 A 28396 D Each share is represented by a restricted stock unit ("RSU"). One-sixteenth (1/16) of the RSUs will vest on January 20, 2020 and one-sixteenth (1/16) of the RSUs will vest quarterly thereafter, subject to the Reporting Person continuing to be a Service Provider through each vesting date. Each share is represented by a performance-based restricted stock unit ("PSU"). The number of shares reported is at the target award amount. The Reporting Person may potentially earn from 75% to 100% of the target based on the achievement, if any, of the performance criteria at the end of the performance period. The actual award earned shall be determined upon certification by the Issuer's Compensation Committee. If earned, one-fourth (1/4) of the eligible PSUs will vest on October 20, 2020, and one-sixteenth (1/16) of the RSUs will vest quarterly thereafter, subject to the Reporting Person continuing to be a Service Provider through each vesting date. Each share is represented by an RSU. One-fourth (1/4) of the RSUs will vest quarterly over a one year period, subject to the Reporting Person continuing to be a Service Provider through each vesting date. /s/ Jeff True, Attorney-in-Fact for Jean Compeau 2019-08-02