Palo Alto Networks, Inc. 2025-2026 Proxy Voting Records

Description as filed by funds: Election of Class II Directors: Helle Thorning-Schmidt

Palo Alto Networks, Inc.’s own tally for this item (“Elect Director: Helle Thorning-Schmidt”): 475,853,088 for, 2,525,395 against, per its Form 8-K filed December 11, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected at the Annual Meeting to serve as Class II directors of the Company until the Company's 2028 Annual Meeting of Shareholders or until their respective successors are duly elected and qualified:”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 218 asset managers below reported 162,523,709 for, 86,945 against, 166,434 abstained, 514 not voted, 1,074 unknown.

Showing the 25 largest of 218 asset managers. See all 218 in the interactive database.

Description as filed by funds: Election of Class II Directors: James J. Goetz

Palo Alto Networks, Inc.’s own tally for this item (“Elect Director: James J. Goetz”): 448,899,907 for, 29,604,761 against, per its Form 8-K filed December 11, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected at the Annual Meeting to serve as Class II directors of the Company until the Company's 2028 Annual Meeting of Shareholders or until their respective successors are duly elected and qualified:”
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 218 asset managers below reported 159,135,750 for, 3,474,904 against, 166,434 abstained, 514 not voted, 1,074 unknown.

Showing the 25 largest of 218 asset managers. See all 218 in the interactive database.

Description as filed by funds: Election of Class II Directors: John M. Donovan

Palo Alto Networks, Inc.’s own tally for this item (“Elect Director: John M. Donovan”): 376,253,404 for, 100,772,985 against, per its Form 8-K filed December 11, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following individuals were elected at the Annual Meeting to serve as Class II directors of the Company until the Company's 2028 Annual Meeting of Shareholders or until their respective successors are duly elected and qualified:”
Support: 79% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 218 asset managers below reported 140,884,780 for, 21,725,872 against, 166,436 abstained, 514 not voted, 1,074 unknown.

Showing the 25 largest of 218 asset managers. See all 218 in the interactive database.

Description as filed by funds: To approve an amendment to the Palo Alto Networks, Inc. 2021 Equity Incentive Plan.

Palo Alto Networks, Inc.’s own tally for this item (“4. An amendment to the 2021 Plan to increase the number of shares reserved for future issuance under the 2021 Plan”): 452,562,682 for, 22,624,650 against — passed, per its Form 8-K filed December 11, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “An amendment to the 2021 Plan to increase the number of shares reserved for future issuance under the 2021 Plan was approved.”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of Palo Alto Networks, Inc.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Amend Omnibus Stock Plan” (15 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “Amend Stock Compensation Plan” (6 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “Amendment to the 2021 Equity Incentive Plan” (5 managers, 2,989,525 for).

The 218 asset managers below reported 154,588,421 for, 967,931 against, 166,440 abstained, 514 not voted, 1,074 unknown.

Showing the 25 largest of 218 asset managers. See all 218 in the interactive database.

Description as filed by funds: To approve, on an advisory basis, the compensation of our named executive officers.

Palo Alto Networks, Inc.’s own tally for this item (“3. The shareholders cast their votes with respect to an advisory resolution on named executive officer compensation”): 221,211,579 for, 253,792,757 against, per its Form 8-K filed December 11, 2025 (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 46.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of Palo Alto Networks, Inc.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Say on Pay” (3 managers, 28,552 for, 57,060 against); “COMPENSATION” (2 managers, 7,059 for); “To Approve, By An Advisory Vote, The Compensation Of The Company's Named Executives” (2 managers, 352 against); “To approve, on an advisory basis, the compensation of our named executive officers. More Details” (2 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports, all 204 managers: 124,048,352 for, 38,153,193 against, 166,441 abstained, 515 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports, all 1,185 managers: 92,261,684 for, 155,651,878 against, 203,140 abstained, 321,418 not voted, 11,074 unknown. Showing the 25 largest; see all in the interactive database.

Description as filed by funds: To ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for our fiscal year ending July 31, 2026.

Palo Alto Networks, Inc.’s own tally for this item (“2. The appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the Company's fiscal year ending July 31, 2026”): 563,913,034 for, 13,982,420 against — passed, per its Form 8-K filed December 11, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The Company's shareholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the Company's fiscal year ending July 31, 2026.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 221 asset managers below reported 162,450,740 for, 186,552 against, 166,434 abstained, 514 not voted, 1,074 unknown.

Showing the 25 largest of 221 asset managers. See all 221 in the interactive database.

Description as filed by funds: To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding a policy addressing the impact of share repurchases on financial performance metrics.

Palo Alto Networks, Inc.’s own tally for this item (“5. A shareholder proposal regarding a policy addressing the impact of share repurchases on financial performance metrics”): 14,772,873 for, 458,665,165 against — failed, per its Form 8-K filed December 11, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “A shareholder proposal regarding a policy addressing the impact of share repurchases on financial performance metrics was not approved.”
Support: 3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports, all 197 managers: 965,735 for, 154,351,820 against, 166,442 abstained, 514 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports, all 18 managers: 253,312 for, 2,912,549 against, 14 abstained.

Description as filed by funds: To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding electing each of our directors annually.

Palo Alto Networks, Inc.’s own tally for this item (“6. A shareholder proposal regarding electing each of our directors annually”): 443,608,224 for, 29,292,421 against — passed, per its Form 8-K filed December 11, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “A shareholder proposal regarding electing each of our directors annually was approved.”
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 213 asset managers below reported 153,478,668 for, 1,876,895 against, 275,591 abstained, 514 not voted.

Showing the 25 largest of 213 asset managers. See all 213 in the interactive database.