Palo Alto Networks Announces Stock Split and Equity Plan Approval

Details

(PANW) announced a two-for-one stock split effective as of December 16, 2024, and its shareholders approved an amendment to the 2021 Equity Incentive Plan to increase the number of shares reserved for issuance by 3,000,000 shares. During the Annual Meeting held on December 10, 2024, shareholders elected new directors, ratified the appointment of Ernst & Young LLP as the independent auditor, approved annual advisory votes on executive compensation, and approved the amendment to the 2021 Plan. A proposal regarding a report on climate risks to retirement plan beneficiaries was not approved.

Items reported

Exhibits (2)

About Palo Alto Networks, Inc.

Palo Alto Networks, Inc. is a leading cybersecurity company that provides advanced security solutions to protect digital enterprises. The company's primary function is to safeguard organizations across various sectors with its innovative, integrated security platforms to combat increasingly sophisticated cyber threats. The offerings of Palo Alto Networks encompass network security, cloud security, endpoint protection, and threat intelligence services, delivering a comprehensive shield against vulnerabilities for businesses globally. With its headquarters in Santa Clara, California, the company plays a pivotal role in the cybersecurity market by helping firms ensure safe and secure digital environments. Palo Alto Networks serves a diverse clientele, including healthcare, finance, government, and technology industries, all reliant on robust security measures to protect sensitive data and maintain operational integrity. Through its forward-looking approach and commitment to innovation, Palo Alto Networks continues to expand its impact, leading the charge in the evolution of digital security infrastructure.