Palo Alto Networks (PANW) Proxy filing summary

Executive summary

• 2026 annual meeting scheduled for Dec. 8 at 11:00 AM Pacific, held virtually; voting deadline is Dec. 7 at 11:59 PM ET, with an earlier deadline for specified TASE-traded shares.

Voting matters and shareholder proposals

• Board recommends voting for Class III director nominees Nikesh Arora, Aparna Bawa, Carl Eschenbach and Lorraine Twohill.

• Board recommends approval of an annual advisory voting policy for directors and an amendment increasing shares reserved under the 2021 Equity Incentive Plan.

• Board recommends voting against a shareholder proposal seeking a study of a potential broad-based employee ownership transaction.

Board of directors and corporate governance

• Four Class III nominees—Nikesh Arora, Aparna Bawa, Carl Eschenbach and Lorraine Twohill—are up for election; the board recommends voting for each.

• Shareholders are asked to approve, on an advisory basis, an annual voting policy for directors; the board recommends approval.