0001209191-23-053357.txt : 20231023
0001209191-23-053357.hdr.sgml : 20231023
20231023174220
ACCESSION NUMBER: 0001209191-23-053357
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231018
FILED AS OF DATE: 20231023
DATE AS OF CHANGE: 20231023
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Arora Nikesh
CENTRAL INDEX KEY: 0001468233
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35594
FILM NUMBER: 231340712
MAIL ADDRESS:
STREET 1: 3000 TANNERY WAY
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Palo Alto Networks Inc
CENTRAL INDEX KEY: 0001327567
STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577]
IRS NUMBER: 202530195
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0731
BUSINESS ADDRESS:
STREET 1: 3000 TANNERY WAY
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
BUSINESS PHONE: 408-753-4000
MAIL ADDRESS:
STREET 1: 3000 TANNERY WAY
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
4
1
doc4.xml
FORM 4 SUBMISSION
X0508
4
2023-10-18
0
0001327567
Palo Alto Networks Inc
PANW
0001468233
Arora Nikesh
C/O PALO ALTO NETWORKS INC.
3000 TANNERY WAY
SANTA CLARA
CA
95054
1
1
0
0
Chief Executive Officer
0
Common Stock
2023-10-18
4
A
0
105725
0.00
A
1026354
D
Common Stock
2023-10-20
4
D
0
159959
0.00
D
866395
D
Common Stock
16005
I
See footnote
Phantom Stock
2023-10-20
4
A
0
159959
A
Common Stock
159959
426911
D
Each share is represented by a performance-based restricted stock unit ("PSU"). The number of shares acquired represents the achievement of performance conditions, as certified by the Issuer's Compensation Committee on October 18, 2023, with respect to PSUs granted to the Reporting Person on August 20, 2021. The PSUs vest on October 20, 2023, subject to the Reporting Person continuing to be a Service Provider through that vesting date.
In connection with the vesting of PSUs, the Reporting Person elected to defer these shares pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan").
Shares are held by Bacchey Investments L.P., of which Bacchey Management LLC (the "LLC") is the General Partner. The Reporting Person is the manager of the LLC. The sole member of the LLC is the Aurora Trust, for which the Reporting Person serves as a trustee.
Pursuant to the Deferred Compensation Plan, each share of phantom stock represents the Reporting Person's right to receive one share of common stock of the Issuer. The common stock shares will be released on or about January 31, 2027.
/s/ Elizabeth Villalobos, Attorney-in-Fact for Nikesh Arora
2023-10-23