---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-291350"
form_type: "8-K"
ticker: "PANW"
cik: "0001327567"
company_name: "Palo Alto Networks Inc"
filed_at: "2025-11-21T23:59:59+00:00"
generated_at: "2026-05-16T17:34:17.292819+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Palo Alto Networks grants 2.7M equity awards, updates plan availability

## Summary
- On Nov 10, 2025, granted 2,735,105 shares under 2021 Equity Incentive Plan; max payout up to 2,958,667 shares.
- After grants, 24,341,864 shares remain available for grant under the 2021 Plan.
- Total outstanding awards under 2012 and 2021 plans: 26,116,221 shares as of Nov 17, 2025.
- Stock options outstanding: 184,020 with weighted-average exercise price $32.25/share, remaining duration 0.42 years.
- Restricted stock units outstanding: 25,932,201 shares.

## SEC filing metadata
- accession: 0001193125-25-291350
- form_type: 8-K
- ticker: PANW
- cik: 0001327567
- company_name: Palo Alto Networks Inc
- filed_at: 2025-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327567/000119312525291350/0001193125-25-291350-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327567/000119312525291350/d882056d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-291350
- JSON: https://secwatch.observer/filing/0001193125-25-291350.json
- Plain text: https://secwatch.observer/filing/0001193125-25-291350.txt

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