Jenkins William D Jr 4
4 · Palo Alto Networks Inc · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Palo Alto Networks President William D. Jenkins Jr. Disposes 69,499 Shares
What Happened William D. Jenkins Jr., President of Palo Alto Networks (PANW), reported a disposition of 69,499 derivative shares on June 4, 2026. The filing shows a price of $0.00 and $0 total because the transaction involved phantom stock units under the company's Deferred Compensation Plan (DCP), not a public-market sale.
Key Details
- Transaction date: 2026-06-04; Form 4 filed: 2026-06-08 (timely).
- Reported disposition: 69,499 phantom stock units (derivative) @ $0.00; reported total value $0.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote summary:
- F1: Each phantom share under the DCP represents the right to receive one share of common stock.
- F2: The disposition reflects the Reporting Person’s election to diversify DCP holdings; distributions under the DCP are generally made in common stock and this transaction is exempt under Rule 16b-3(f).
- Transaction type: Internal plan distribution/diversification (exempt), not an open-market sale (no direct market signal).
Context This was a plan-driven conversion/diversification of deferred-compensation phantom stock rather than a purchase or market sale. Such derivative/distribution transactions often report $0 consideration on Form 4 because they reflect internal plan mechanics (conversion or distribution) rather than exchange of cash on the open market.
Insider Transaction Report
- Discretionary Transaction
Phantom Stock
[F1][F2]2026-06-04−69,499→ 213,568 total→ Common Stock (69,499 underlying)
Footnotes (2)
- [F1]Pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "DCP"), each share of phantom stock represents the Reporting Person's right to receive one share of common stock of the Issuer.
- [F2]This disposition reflects the Reporting Person's election to diversify his holdings in the DCP, an election that is permitted under the terms of the DCP and is exempt under Rule 16b-3(f). In general, distributions from the DCP to its participants are to be made in common stock of the Issuer pursuant to the terms of the DCP.