William D. Jenkins Jr., President of Palo Alto Networks Inc., filed a Form 4 on November 3, 2026, disclosing a series of transactions on November 1 and November 2, 2026, including the vesting of performance-based restricted stock units, shares withheld for taxes, and open-market sales executed under a Rule 10b5-1 trading plan.

Key Highlights

  • PSU award certified: 264,195 performance-based restricted stock units, originally granted August 21, 2023, were certified as achieved by the Compensation and People Committee effective November 1, 2026, at $0 cost to the reporting person.
  • Tax withholding: 139,000 shares were withheld by the issuer on November 1, 2026, to satisfy tax withholding requirements on vesting, at a price of $365.87 per share.
  • Open-market sales: Jenkins sold a total of 17,222 shares across 16 transactions on November 2, 2026, at weighted average prices ranging from approximately $351.4572 to $366.86 per share.
  • 10b5-1 plan: All sales on November 2, 2026, were effected pursuant to a Rule 10b5-1 trading plan adopted by Jenkins on June 28, 2026.
  • Resulting ownership: Following all reported transactions, Jenkins directly beneficially owned 255,331 shares of common stock.
  • ESPP shares included: The post-acquisition total of 412,553 shares reported on November 1, 2026, includes shares acquired through the issuer's Employee Stock Purchase Plan.

Jenkins PSU Vesting and Rule 10b5-1 Sales at Palo Alto Networks

According to the filing, William D. Jenkins Jr., identified as President of Palo Alto Networks Inc. (NASDAQ:PANW), reported two days of activity. On November 1, 2026, the issuer's Compensation and People Committee certified that the performance conditions had been met for a PSU award originally granted on August 21, 2023. This resulted in the acquisition of 264,195 shares at $0, bringing Jenkins's reported beneficial ownership to 412,553 shares, a figure that the filing notes includes shares acquired under the issuer's Employee Stock Purchase Plan. On the same date, 139,000 shares were withheld by the issuer at $365.87 per share to cover tax obligations arising from the vesting.

On November 2, 2026, Jenkins disposed of 17,222 shares through 16 separate open-market sale transactions, each conducted under a Rule 10b5-1 trading plan he adopted on June 28, 2026. The weighted average sale prices for these transactions ranged from $351.4572 to $366.86 per share, with individual price ranges disclosed in footnotes. The filing states that full information on shares sold at each separate price within those ranges will be provided upon request by Commission staff, the issuer, or a security holder.

After all reported transactions, the filing shows Jenkins directly and beneficially owned 255,331 shares of Palo Alto Networks common stock. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing disclosed the certification and vesting of 264,195 PSUs granted in 2023, the withholding of 139,000 shares for taxes at $365.87, and the sale of 17,222 shares on November 2, 2026, under a pre-established 10b5-1 plan, leaving Jenkins with 255,331 shares directly held.