Palo Alto Networks President William Jenkins Sells $6.5 Million of Stock After Performance Award Vests
Palo Alto Networks President William Jenkins Jr. sold $6.54 million of the cybersecurity company's stock the day after a large performance award vested, according to a Form 4 filed Tuesday night.
Jenkins sold 18,222 shares on Nov. 2 at weighted average prices ranging from $351.4572 to $366.86, for a total of $6,543,020, an average of $359.07 per share. The sales were made under a Rule 10b5-1 trading plan he adopted on June 28, 2026, the filing said.
Performance award vests
On Nov. 1, Jenkins received 264,195 shares from performance-based restricted stock units granted on Aug. 21, 2023, after the company's Compensation and People Committee certified that the performance conditions had been met.
Palo Alto Networks withheld 139,000 of those shares, valued at $365.87 each, to cover taxes on the vesting. The open-market sales on Nov. 2 came in addition to that withholding.
What he still holds
After the sales, Jenkins directly owns 255,331 Palo Alto Networks shares, according to the filing, including shares bought through the company's employee stock purchase plan.
By the numbers
- Shares vested from performance award: 264,195
- Shares withheld for taxes: 139,000 at $365.87
- Shares sold: 18,222
- Total sale value: $6,543,020
- Shares held directly after: 255,331
- 10b5-1 plan adopted: June 28, 2026
Sources
- Form 4 filed by Palo Alto Networks President William D. Jenkins Jr., filed Nov. 3, 2026 (accession 0001493152-26-049851)
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