Independent
Tenure on this board
13.8 yrs
Also a director at
Lockheed Martin Corp (LMT)
Meeting calendar
PANW · Annual meeting · Tuesday, December 9, 2025
Palo Alto Networks Inc
3 nominees · 5 ballot items.
Six proposals: 1) Election of three Class II directors; 2) Ratification of Ernst & Young LLP as the company's independent registered public accounting firm; 3) Advisory vote on the compensation of our named executive officers; 4) Amendment to our 2021 Equity Incentive Plan to increase the number of plan shares reserved for issuance; 5) Shareholder Proposal – Impact of Share Repurchases on Performance Metrics; and 6) Shareholder Proposal – Elect Each Director Annually.
Market cap
$288.5B
1Y TSR
+63.3%
Board grade
A-
Record date
Oct 15, 2025
Filing
DEF 14A
Meeting concluded · Dec 9, 2025
Follow how the vote landed and what changed on Palo Alto Networks Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
Proposals
On the ballot5
- 1
Election of Class II Directors
ManagementBoard: FORElection of three Class II directors to serve until the 2028 annual meeting.
- 3
Advisory Vote on the Compensation of our Named Executive Officers
ManagementBoard: FORAdvisory (non-binding) vote on the compensation of our named executive officers as disclosed in the proxy.
- 4
Amendment to Our 2021 Equity Incentive Plan
ManagementBoard: FORAmend the 2021 Equity Incentive Plan to increase the number of shares reserved for issuance by 10,000,000.
- 5
Shareholder Proposal – Impact of Share Repurchases on Performance Metrics
Shareholder — Vermont Pension Investment Commission (VPICBoard: AGAINSTShareholder proposal to adjust performance metrics to exclude the impact of share repurchases when determining executive incentive compensation.
- 6
Shareholder Proposal – Elect Each Director Annually
Shareholder — James McRitchie and Myra K. Young (CorpGov.netBoard: AGAINSTShareholder proposal to reorganize the Board into one class with annual elections of directors.
Director elections
Nominees on the ballot3
Independent
Tenure on this board
21.3 yrs
Also a director at
Intel Corp (INTC)
Independent
Tenure on this board
1.4 yrs
Ownership
Latest 13F quarterTop institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 6.5% | 52,765,656 | $8.5B |
| 2 | STATE STREET CORP | 4.4% | 35,486,318 | $5.7B |
| 3 | BlackRock, Inc. | 3.5% | 28,146,196 | $4.5B |
| 4 | Invesco Ltd. | 2.8% | 22,901,049 | $3.7B |
| 5 | MORGAN STANLEY | 2.8% | 22,509,956 | $3.6B |
| 6 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.4% | 19,601,462 | $3.1B |
| 7 | BlackRock, Inc. | 2.1% | 16,990,236 | $2.7B |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 2.1% | 16,797,714 | $2.7B |
| 9 | BANK OF AMERICA CORP /DE/ | 1.5% | 12,199,356 | $2.0B |
| 10 | BlackRock, Inc. | 1.1% | 9,163,336 | $1.5B |
Peers
Nearest market capOther Technology sector meetings6
Upcoming shareholder meetings at Palo Alto Networks Inc’s closest sector peers — compare boards, ballots, and ownership across the cohort.
Flex LtdFLEX
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Microchip Technology IncMCHP
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Samsara IncIOT
Annual meeting·Jul 22, 2026·$21.8B
Nextpower IncNXT
Annual meeting·Aug 18, 2026·$16.1B
Dynatrace IncDT
Annual meeting·Aug 26, 2026·$13.1B
Allegro Microsystems IncALGM
Annual meeting·Aug 5, 2026·$8.8B
Reference
Frequently asked questions
- When is the Palo Alto Networks Inc 2025 annual meeting?
- Palo Alto Networks Inc (PANW) holds its 2025 annual shareholder meeting on Tuesday, December 9, 2025.
- What is the record date for the Palo Alto Networks Inc 2025 meeting?
- The record date for the Palo Alto Networks Inc 2025 meeting is Wednesday, October 15, 2025. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Palo Alto Networks Inc's 2025 meeting?
- The board is presenting 3 director nominees at the Palo Alto Networks Inc 2025 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Palo Alto Networks Inc 2025 meeting?
- Shareholders will vote on 5 proposals at the Palo Alto Networks Inc 2025 meeting, each tagged with who proposed it and the board's recommendation.
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