Palo Alto Networks Chief Accounting Officer Josh D. Paul Withholds 1,529 Shares

What Happened
Josh D. Paul, Chief Accounting Officer of Palo Alto Networks (PANW), had 1,529 shares withheld by the company to satisfy tax withholding obligations related to vested restricted stock units. The withholding occurred on 2026-08-21 at an effective price of $349.56 per share, for a total value of approximately $534,477. This was a tax-withholding disposition (Form 4 code F), not an open-market sale by the insider.

Key Details

• Transaction date and price: 2026-08-21 at $349.56 per share
• Shares withheld/disposed: 1,529; total value ≈ $534,477
• Shares owned after transaction: Not reported on this Form 4
• Footnote: Company withheld shares to satisfy income tax and remittance obligations related to vesting and net settlement of previously reported RSUs (per filer footnote)
• Filing: Form 4 filed 2026-08-24; appears to have been filed in the normal time window

Context
Code F transactions reflect the issuer withholding shares to cover tax liabilities on awards (a routine administrative step) and are not the same as an insider selling shares on the market. Such withholdings reduce the insider’s outstanding share count but do not necessarily indicate any change in the insider’s view of the company.