Palo Alto Networks Director Helle Thorning‑Schmidt Withholds 211 Shares

What Happened Helle Thorning‑Schmidt, a director of Palo Alto Networks (PANW), had 211 shares withheld by the company to satisfy tax withholding related to the vesting and net settlement of restricted stock units. The shares were valued at $382.13 each, for a total withholding value of approximately $80,629. This was a tax-withholding/net settlement action (code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-01; withholding price: $382.13 per share; total value: ~$80,629.
• Shares withheld: 211.
• Transaction code: F (tax withholding in connection with RSU vesting). Footnote: issuer withheld shares to satisfy income tax and remittance obligations (not a sale by the reporting person).
• Filing date: Form 4 filed with the SEC on 2026-09-03 (reported promptly).
• Shares owned after the transaction: not specified in the provided filing.

Context This was a routine corporate action to cover tax obligations on vested RSUs, commonly done via share withholding or net settlement. Because shares were withheld by the issuer rather than sold on the market by the insider, the transaction does not necessarily signal a change in insider sentiment. Purchases or open-market sales by insiders typically carry more interpretive weight for investors.