---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-049906"
form_type: "8-K"
ticker: "PANW"
cik: "0001327567"
company_name: "Palo Alto Networks Inc"
filed_at: "2022-02-23T23:59:59+00:00"
generated_at: "2026-06-27T05:21:47.246285+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Palo Alto Networks adopts continued service policy; adds CIC severance for CFO and President

## Summary
- Continued Service Policy allows SVP+ employees to retain equity vesting if they resign at age 55+ with 5+ years tenure and stay as advisors.
- CFO Dipak Golechha and President BJ Jenkins receive change-in-control severance: lump sum base salary, 100% target incentive, 12 months COBRA.
- Change-in-control vesting accelerates time-based equity for 12 months post-termination if executive is fired without cause or resigns for good reason.
- No guaranteed benefits under the Policy; each award is individually assessed by the Compensation Committee.

## SEC filing metadata
- accession: 0001193125-22-049906
- form_type: 8-K
- ticker: PANW
- cik: 0001327567
- company_name: Palo Alto Networks Inc
- filed_at: 2022-02-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327567/000119312522049906/0001193125-22-049906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327567/000119312522049906/d299236d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-049906
- JSON: https://secwatch.observer/filing/0001193125-22-049906.json
- Plain text: https://secwatch.observer/filing/0001193125-22-049906.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.