Palo Alto Networks Shareholders Approve Major Equity Plan Amendment and Director Elections

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shareholders approved an amendment to the 2021 Equity Incentive Plan to increase the number of shares reserved for issuance by 10,000,000 shares. Additionally, three new directors were elected: John M. Donovan, James J. Goetz, and Helle Thorning-Schmidt. The shareholders also ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending July 31, 2026. However, a shareholder proposal regarding the impact of share repurchases on financial performance metrics was not approved. Furthermore, a proposal to elect each of the directors annually was approved by the shareholders.

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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.