Paul Josh D. 4

What Happened

• Paul Josh D., Chief Accounting Officer of Palo Alto Networks (PANW), was granted 14,393 restricted stock units (RSUs) on August 19, 2025. The award was recorded on Form 4 as an acquisition at $0.00 per share (an equity grant, not a cash purchase).

Key Details

• Transaction type/code: Grant/Award (code A)
• Transaction date: 2025-08-19; Form 4 filed: 2026-01-27 (filed >5 months after the transaction)
• Shares/units granted: 14,393 RSUs; acquisition price reported as $0.00
• Shares owned after transaction: Not specified in the provided data (footnote F2 notes holdings were reported on the Form 4)
• Vesting: Per footnote F1, the RSUs vest one-third on August 1 of 2026, 2027, and 2028, subject to continued service
• Filing timeliness: The Form 4 was filed well after the transaction date, which constitutes a late filing and may be noted by investors

Context

• RSU grants are compensation awards that vest over time and do not involve an out‑of‑pocket purchase; they are generally part of executive pay rather than a direct buy/sell signal.
• The grant itself is not a sale or purchase in the open market; vesting and any subsequent sales would generate separate filings.