secwatch.observer — SEC 8-K summary
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Issuer:     Palo Alto Networks Inc (PANW)
CIK:        0001327567
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001327567-23-000035
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palo Alto Networks Board approves additional $316.7M stock buyback authorization
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- New $316.7M repurchase authorization increases existing $3.3B program; ~$683.3M remained as of Oct 31, 2023.
- Authorization expires Dec 31, 2024; shares may be repurchased via open market, private deals, or 10b5-1 plans.
- Company had ~315.3M shares outstanding as of Nov 10, 2023; repurchases funded from working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327567/000132756723000035/0001327567-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327567/000132756723000035/panw-20231116.htm
  HTML page:      https://secwatch.observer/filing/0001327567-23-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer