Palo Alto Networks Inc CFO Dipak Golechha filed a Form 4 on November 3, 2026, disclosing transactions on November 1, 2026 related to the vesting of performance-based restricted stock units originally granted on August 21, 2023.

Key Highlights

  • PSU award certified: The Compensation and People Committee certified achievement of performance conditions for PSUs granted August 21, 2023, effective November 1, 2026.
  • 132,101 shares acquired: Golechha received 132,101 shares of Common Stock via the PSU vesting at a price of $0, according to the filing.
  • 69,389 shares withheld for taxes: The issuer withheld 69,389 shares at $365.87 per share to satisfy tax withholding requirements on vesting.
  • Direct holdings after transactions: Golechha directly beneficially owns 180,462 shares of Common Stock following the reported transactions.
  • Deferred compensation election: An additional 132,093 PSU shares were deferred under Palo Alto Networks' Deferred Compensation Plan and are recorded as Phantom Stock, with each unit representing the right to receive one share of Common Stock.
  • Phantom Stock holdings: Following the deferral, Golechha holds 272,503 units of Phantom Stock under the Deferred Compensation Plan.

Golechha PSU Vesting and Deferred Compensation Details at Palo Alto Networks

According to the Form 4 filed with the SEC, Dipak Golechha, Executive Vice President and Chief Financial Officer of Palo Alto Networks Inc (NASDAQ:PANW), reported two transactions in Common Stock on November 1, 2026. The filing states that 132,101 shares were acquired via a performance-based restricted stock unit award originally granted on August 21, 2023, with the Compensation and People Committee certifying the achievement of performance conditions effective November 1, 2026. The acquisition was recorded at a price of $0.

Simultaneously, the filing discloses that 69,389 shares were withheld by the issuer at $365.87 per share to satisfy tax withholding obligations arising from the PSU vesting. Following these two transactions, Golechha's direct beneficial ownership of Common Stock stands at 180,462 shares, as reported in the filing.

The filing also discloses a derivative securities transaction. Pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan, Golechha elected to defer 132,093 of the vested PSU shares. These deferred shares are represented as Phantom Stock, with each unit described in the filing as representing "the Reporting Person's right to receive one share of Common Stock of the Issuer." Following this transaction, Golechha's total Phantom Stock holdings under the Deferred Compensation Plan are reported as 272,503 units. The Form 4 was signed by Elizabeth Villalobos as attorney-in-fact on November 3, 2026.

What Was Disclosed

The filing reports the vesting of PSUs granted August 21, 2023, with 132,101 Common Stock shares acquired, 69,389 shares withheld for taxes at $365.87, and 132,093 shares deferred as Phantom Stock under Palo Alto Networks' Deferred Compensation Plan.