Here are the Form 4 insider transactions from Palo Alto Networks, Inc. (PANW) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow PANW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PANW filings page.
Palo Alto Networks executive Lee Klarich, who serves as a director and as EVP Chief Product & Tech Officer, reported an insider transaction in Palo Alto Networks Inc. common stock. On 12/10/2025, a transaction coded G recorded the disposition of 50,000 shares at a reported price of $0. Following this move, he beneficially owned 640,000 shares indirectly and 327,645 shares directly.
The 640,000 indirectly owned shares are held by the Lee and Susan Klarich 2005 Trust dated December 5, 2005, for which Klarich and his spouse act as trustees. This filing reflects an update to his ownership position.
Palo Alto Networks director Mary Pat McCarthy reported acquiring 2,033 shares of common stock on December 9, 2025 in the form of restricted stock units at a price of $0 per share, bringing her direct ownership to 55,023 shares.
Each unit represents one share and will vest in equal quarterly installments over one year, as long as she continues serving, and the reported holdings reflect the company’s 2-for-1 stock split effective December 13, 2024.
Palo Alto Networks director Carl M. Eschenbach reported acquiring 1,881 shares of the company’s common stock on December 9, 2025. The shares are in the form of Restricted Stock Units (RSUs) that will vest in equal quarterly installments over one year, as long as he continues serving in his role on each vesting date.
After this award, he directly beneficially owns 22,123 shares of Palo Alto Networks common stock. The reported share balance reflects the company’s 2-for-1 stock split that was effected on December 13, 2024.
Palo Alto Networks director Lorraine Twohill reported receiving 2,135 restricted stock units on 12/09/2025. The grant was recorded at a price of $0 per share and brings her direct beneficial ownership to 44,481 shares of common stock.
The restricted stock units will vest in equal quarterly installments over a one-year period, conditioned on her continued service with the company. The reported share balance reflects Palo Alto Networks' 2-for-1 stock split effected on December 13, 2024.