8-KItem 5.02 · Officer/Director ChangeItem 5.03 · Bylaws AmendmentItem 9.01 · Financial Statements
Palo Alto Networks approves enhanced change-in-control severance policy
Filed with the SEC on · Summarized by InvestorsBot
On August 20, 2026, Palo Alto Networks’ board approved a severance policy covering CEO Nikesh Arora, CFO Dipak Golechha, President William “BJ” Jenkins, CTO Lee Klarich and other senior vice presidents who sign participation agreements. If terminated without cause or resigning for good reason after a change in control, the CEO would receive 200% of base salary and target cash incentive compensation, 24 months of health benefits and full vesting of outstanding equity; other covered executives would receive 150% of salary and target incentive compensation, 18 months of health benefits and full equity vesting, subject to release agreements and other conditions.