MARK D. MCLAUGHLIN - 20 Jul 2021 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role
Director
Signature
/s/ Sonia Guillory, Attorney-in-Fact for Mark D. McLaughlin
Issuer symbol
PANW
Transactions as of
20 Jul 2021
Net transactions value
-$1,064,227
Form type
4
Filing time
22 Jul 2021, 17:06:11 UTC
Previous filing
02 Jul 2021
Next filing
03 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Tax liability $1,064,227 -2,654 -4.7% $400.99 53,883 20 Jul 2021 Direct F1
holding PANW Common Stock 48,380 20 Jul 2021 See footnote F2
holding PANW Common Stock 7,500 20 Jul 2021 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 previously reported restricted stock units and performance-based restricted stock units.
F2 Shares are held by The McLaughlin Revocable Living Trust, for which the Reporting Person serves as a trustee.
F3 Shares are held by the McLaughlin 2020 Dynasty LLC for the benefit of the Reporting Person's children, for which the Reporting Person serves as a Manager.