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AI brief of an SEC Form 8-K · Palo Alto Networks (PANW)

Palo Alto Networks grants 2.7 million equity awards, updates proxy equity plan data

Neutral Impact 2 of 5 shareholder Written later

Palo Alto Networks filed supplemental information to its proxy statement for its December 9, 2025 annual meeting. The company granted 2,735,105 equity awards on November 10, 2025, leaving 24,341,864 shares available for grant under its 2021 plan.

Key points

  • On November 10, 2025, the company granted 2,735,105 shares under the 2021 Equity Incentive Plan, with a maximum potential payout of up to 2,958,667 shares.
  • As of 11/17/2025, 184,020 stock options were outstanding at a weighted-average exercise price of $32.25 per share.
  • As of 11/17/2025, 25,932,201 restricted stock units were outstanding.

The filing

CompanyPalo Alto Networks (PANW)
Form8-K, current report
Filed with the SECNov 21, 2025, 4:05 PM ET
Accession number0001193125-25-291350

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 21, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.