Thorning-Schmidt Helle 4
4 · Palo Alto Networks Inc · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
PANW Director Helle Thorning-Schmidt Withholds 211 Shares
What Happened
Helle Thorning-Schmidt, a director of Palo Alto Networks (PANW), had 211 shares withheld on June 1, 2026 to satisfy tax withholding related to the vesting and net settlement of restricted stock units. The withholding was at $281.69 per share, for a total value of $59,437. This is not an open‑market sale or purchase by the insider but a routine tax withholding/net settlement of RSUs (transaction code F).
Key Details
- Transaction date: 2026-06-01; Price: $281.69 per share; Shares affected: 211; Total value: $59,437.
- Transaction type/code: F — shares withheld to satisfy tax withholding on RSU vesting.
- Footnote: The issuer withheld shares to meet income tax and remittance obligations in connection with vesting and net settlement of RSUs.
- Filing date: 2026-06-02 (timely filing).
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
Share withholding on RSU vesting is a common administrative action to cover tax obligations and does not represent a discretionary sale that signals the insider's view of the company's prospects. It reduces the insider’s outstanding shares slightly but is routine and not typically interpreted as market-timing by the reporting person.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-06-01$281.69/sh−211$59,437→ 6,598 total
Footnotes (1)
- [F1]This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of Restricted Stock Units.