Palo Alto Networks, Inc. (PANW, Financial) has recently filed a definitive proxy statement for its upcoming 2024 Annual Meeting of Shareholders, scheduled for December 10, 2024. In a strategic move to enhance its equity incentive plans, the company has granted additional equity awards totaling 1,467,999 shares under its 2021 Equity Incentive Plan. Following these grants, 11,505,724 shares remain available for future allocation under the same plan.
Moreover, Palo Alto Networks has a substantial number of shares, 18,817,598 to be precise, that are subject to outstanding awards under both the 2012 and 2021 Equity Incentive Plans. This indicates a robust framework for rewarding and retaining talent within the organization.
Looking ahead, the company anticipates granting additional restricted stock units for up to approximately 23,397 shares of common stock. Additionally, performance stock units with a maximum potential payout of up to approximately 338,607 shares of common stock are expected to be granted, pending approval by the board of directors or an appropriate committee.
These developments underscore Palo Alto Networks' commitment to leveraging equity incentives as a key component of its employee compensation strategy, aligning the interests of its workforce with those of its shareholders.
Should you invest in Palo Alto Networks Inc (PANW, Financial) right now? Before you do it, it’s important to understand the business profitability and stock valuations, and find out what the warning signs are about. See the in-depth Palo Alto Networks Inc (PANW) stock research here.
