Palo Alto Networks Inc (PANW) Form 8-K — Aug 21, 2026
$PANWForm 8-KItems 5.02, 5.03, 9.01Filed Aug 21, 2026, 4:15 PM ET0001193125-26-361122Original filing
Palo Alto Networks' board approved an Executive Change in Control and Severance Policy on August 20, 2026, covering employees at the Senior Vice President level and above who sign participation agreements, including Chairman and CEO Nikesh Arora, CFO Dipak Golechha, President William "BJ" Jenkins, and Chief Product and Technology Officer Lee Klarich.
Key figures
- Participant scope
- Senior Vice President title and above with executed participation agreements
- Cic protection period
- 3 months prior to a change in control through 12 months after (18 months for the CEO)
- Ceo cic salary severance
- 200% of base salary
- Non cic salary severance
- 100% of base salary (all executive officers)
- Non cic equity acceleration
- 12 months of time-based vesting acceleration
- Ceo cic cash incentive severance
- 200% of annual target cash incentive
- Ceo cic health benefit severance
- 24 months of COBRA premiums
- Non cic health benefit severance
- 12 months of COBRA premiums
- Other execs cic salary severance
- 150% of base salary
- Other execs cic cash incentive severance
- 150% of annual target cash incentive
- Other execs cic health benefit severance
- 18 months of COBRA premiums
Price after filing
1 day: 0.0%7 days: +3.8%30 days: +1.6%
Close on the filing date to close N calendar days later (from $357.87). Historical, not a forecast.
AI analysis
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