Palo Alto Networks Inc 8-K, filed Nov 15, 2023
Palo Alto Networks Inc (PANW)
About this 8-K
Palo Alto Networks Inc filed this 8-K on November 15, 2023, reporting on events of November 14, 2023.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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| Item 8.01 | Other Events. |
On October 27, 2023, Palo Alto Networks, Inc. (the “Company”) filed its definitive proxy statement for the Company’s 2023 Annual Meeting of Stockholders to be held on December 12, 2023 (the “Proxy Statement”). The following information supplements the disclosures set forth in the Proxy Statement.
On November 10, 2023, the Company granted additional equity awards totaling 2,067,308 shares under the Company’s 2021 Equity Incentive Plan (the “2021 Plan”). Immediately following these grants, 8,246,285 shares remained available for issuance under the 2021 Plan. Additionally, 24,521,755 shares are subject to outstanding awards under the Company’s 2012 Equity Incentive Plan and the 2021 Plan.
Additional Equity Plan Information
The following table provides certain additional information regarding the Company’s equity compensation plans, excluding the Employee Stock Purchase Plan:
| As of 11/10/2023 | ||||
| Total Stock Options (including PSOs) Outstanding |
6,231,744 | |||
| Weighted-Average Exercise Price of Stock Options Outstanding |
$ | 65.22 per share | ||
| Weighted-Average Remaining Duration of Stock Options Outstanding |
1.90 years | |||
| Total Restricted Stock Units (including PSUs) Outstanding |
18,290,011 | |||
| Total Shares Available for Issuance under the 2021 Equity Incentive Plan |
8,246,285 | |||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PALO ALTO NETWORKS, INC. | ||
| By: | /s/ Bruce Byrd | |
| Bruce Byrd | ||
| Executive Vice President, General Counsel and Secretary | ||
Date: November 14, 2023