Summary
Palo Alto Networks, Inc. (PANW) filed an 8-K on November 21, 2025, to supplement its definitive proxy statement for the 2025 Annual Meeting of Shareholders. The filing primarily provides an update on equity awards and the status of its equity incentive plans. Specifically, the company granted additional equity awards on November 10, 2025, under its 2021 Equity Incentive Plan. These grants involved a significant number of shares, with details on the total shares granted and the maximum potential payout. The information aims to provide shareholders with a comprehensive view of the company's equity compensation practices and outstanding awards ahead of the upcoming shareholder meeting.
Key Highlights
- 1Palo Alto Networks supplemented its 2025 Annual Meeting proxy statement with an 8-K filing on November 21, 2025.
- 2On November 10, 2025, the Company granted additional equity awards totaling 2,735,105 shares of common stock under the 2021 Equity Incentive Plan.
- 3These grants have a maximum potential payout of up to 2,958,667 shares.
- 4Following these grants, 24,341,864 shares remain available for grant under the 2021 Equity Incentive Plan.
- 5A total of 26,116,221 shares are subject to outstanding awards under the Company's 2012 and 2021 Equity Incentive Plans.
- 6As of November 17, 2025, there were 184,020 stock options outstanding with a weighted-average exercise price of $32.25 and a remaining duration of 0.42 years.
- 7As of November 17, 2025, there were 25,932,201 Restricted Stock Units (RSUs) outstanding, including performance-based RSUs.