---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-361122"
form_type: "8-K"
ticker: "PANW"
cik: "0001327567"
company_name: "Palo Alto Networks Inc"
filed_at: "2026-08-21T20:15:18+00:00"
generated_at: "2026-08-21T20:16:15.385526+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Palo Alto Networks adopts executive CIC severance policy and amended bylaws

## Summary
- New severance policy effective Aug 20, 2026; covers SVP+ who sign participation agreements.
- Named execs: CEO Nikesh Arora, CFO Dipak Golechha, President BJ Jenkins, CPTO Lee Klarich.
- Non-CIC termination: 100% salary severance, 12 months health, 12 months equity acceleration.
- CIC termination: CEO gets 200% salary/incentive, 24 months health; other execs 150%, 18 months.
- Bylaws amended Aug 20 to align with Delaware law; updates to stockholder meetings, quorum, indemnification.

## SEC filing metadata
- accession: 0001193125-26-361122
- form_type: 8-K
- ticker: PANW
- cik: 0001327567
- company_name: Palo Alto Networks Inc
- filed_at: 2026-08-21T20:15:18+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327567/000119312526361122/0001193125-26-361122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327567/000119312526361122/d180372d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-361122
- JSON: https://secwatch.observer/filing/0001193125-26-361122.json
- Plain text: https://secwatch.observer/filing/0001193125-26-361122.txt

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