01—Abstract
Summary
Summary of the 8-K filed November 21, 2025. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- Palo Alto Networks supplemented its 2025 Annual Meeting proxy statement with an 8-K filing on November 21, 2025.
- On November 10, 2025, the Company granted additional equity awards totaling 2,735,105 shares of common stock under the 2021 Equity Incentive Plan.
- These grants have a maximum potential payout of up to 2,958,667 shares.
- Following these grants, 24,341,864 shares remain available for grant under the 2021 Equity Incentive Plan.
- A total of 26,116,221 shares are subject to outstanding awards under the Company's 2012 and 2021 Equity Incentive Plans.
- As 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.
- As of November 17, 2025, there were 25,932,201 Restricted Stock Units (RSUs) outstanding, including performance-based RSUs.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The primary purpose of this 8-K filing is to provide supplemental information to Palo Alto Networks' definitive proxy statement for its 2025 Annual Meeting of Shareholders, specifically concerning equity awards and the status of its equity incentive plans.
How many new equity awards were granted and under which plan?
On November 10, 2025, the Company granted additional equity awards totaling 2,735,105 shares of common stock under its 2021 Equity Incentive Plan.
What is the total number of shares available for future grants under the 2021 Plan?
Following the recent grants, there are 24,341,864 shares remaining available for grant under the 2021 Equity Incentive Plan.
How many equity awards are currently outstanding across both the 2012 and 2021 Plans?
As of the filing date, a total of 26,116,221 shares are subject to outstanding awards under both the Company’s 2012 Equity Incentive Plan and the 2021 Equity Incentive Plan.
04—Continue