Home / Companies / Palo Alto Networks, Inc. / 9 Dec 2025
Palo Alto Networks, Inc.: meeting of 9 Dec 2025
Votes reported on Form N-PX, item by item
1,677 Form N-PX filers reported votes at the Palo Alto Networks, Inc. meeting of 9 Dec 2025. Their records fall into 7 items below, in ballot order: management items first, then proposals from security holders. Each bar shows how the reporting filers split; it is not the result of the meeting.
foragainstabstain, withhold or otheramber tick: the portion cast against management
Items
DIRECTOR ELECTIONSIssuer
Director elections
3 nominees; 87.6% of reported votes for; 130 filers withheld from or voted against at least one nominee.
3,061 vote records from 368 filers. 22 of the 365 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
3,237 vote records from 1,659 filers. 819 of the 1,600 filers that marked the item either way voted against management. 59 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
1,021 vote records from 364 filers. 6 of the 362 filers that marked the item either way voted against management. 2 filers reported this item without a management mark.
COMPENSATIONIssuer
COMPENSATION: management items
Management items in this category are shown together; filers word and number them differently.
1,087 vote records from 374 filers. 18 of the 371 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
SHAREHOLDER RIGHTS AND DEFENSESSecurity holder
To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...
962 vote records from 347 filers. 319 of the 344 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
COMPENSATIONSecurity holder
To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding a...
934 vote records from 342 filers. 18 of the 339 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
Several categoriesSecurity holder
Shareholder proposals (not separable from the filings)
Filers described these proposals in wordings that could not be matched to one another, so they are shown together.
63 vote records from 28 filers. 3 of the 28 filers that marked the item either way voted against management.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Auditor | 5. Proposal | 6. Proposal |
|---|---|---|---|---|---|
| Vanguard | For | For | For | For * | Against |
| BlackRock and iShares | For | For | For | For * | Against |
| Fidelity | For | For | For | For * | Against |
| Dimensional | For | Against * | For | For * | Against |
| State Street and SPDR | For | Against * | For | For * | Against |
| American Century | For | Against * | For | For * | Against |
| Franklin Templeton | For | Against * | For | For * | Against |
| Invesco | For | Against * | For | For * | Against |
| Equitable | For | Against * | For | For * | Against |
| Charles Schwab | For | Against * | For | For * | Against |
| Nuveen and TIAA | For | For | For | For * | Against |
| ProShares and ProFunds | For | Against * | For | For * | Against |
| John Hancock and Manulife | For | Against * | For | For * | Against |
| Morgan Stanley, Eaton Vance and Calvert | For | Against * | For | For * | Against |
| J.P. Morgan | For | For | For | For * | Against |
| Goldman Sachs | For | For | For | For * | Against |
| WisdomTree | For | For | For | For * | Against |
| PGIM and Prudential | For | Against * | For | For * | Against |
| Jackson National funds | For | For | For | For * | Against |
| Northern Trust and FlexShares | For | For | For | For * | Against |
| SEI | For | Against * | For | For * | Against |
| T. Rowe Price | Against * | For | For | For * | Against |
| Thrivent | For | Against * | For | For * | Against |
| Lincoln Financial | For | Against * | For | For * | Against |
| Voya | For | Against * | For | For * | Against |
| First Trust | For | Against * | For | For * | Against |
| Russell Investments | For | Against * | For | For * | Against |
| Nationwide | For | For | For | For * | Against |
| Victory Capital | For | Against * | For | For * | Against |
| Brighthouse Funds | For | Against | For | For * | Against * |
| Guggenheim and Rydex | For | Against * | For | For * | Against |
| Columbia Threadneedle | For | For | For | For * | Against |
| BNY Mellon | For | For | For | For * | Against |
| Principal | For | Against * | For | For * | Against |
| Capital Group and American Funds | For | Against * | For | For * | Against |
| Pacific Life funds | For | For | For | For * | Against |
| Global X | For | Against * | For | For * | Against |
| MFS | For | Against * | For | For * | Against |
| Transamerica | For | Against * | For | For * | Against |
| Federated Hermes | For | For | For | For * | Against |
| AllianceBernstein | For | Against * | For | For * | Against |
| Hartford Funds | For | Against * | For | For * | Against |
| DWS | For | Against * | For | For * | Against |
| PIMCO | Against * | Against * | Against * | For * | Against |
| Allspring | For | Against * | For | For * | Against |
| MassMutual | For | For | For | For * | Against |
| Harbor Funds | For | Against * | For | For * | Against |
| Virtus | For | For | For | Against | Against |
| VanEck | For | Against * | For | For * | Against |
| Macquarie and Delaware Funds | No report | Against * | No report | No report | No report |
| Janus Henderson | For | For | For | For * | Against |
| Neuberger Berman | For | Against * | For | For * | Against |
| American Beacon | For | Against * | For | For * | Against |
| Natixis and Loomis Sayles | For | Against * | Against * | Abstain or withhold * | For * |
| Harris Associates and Oakmark | No report | For | No report | No report | No report |
| Baird | No report | Against * | No report | No report | No report |
* against management. A family's position is the way most of its reported shares were voted across its filers; "split" means no single position led. "No report" means none of the family's filers listed the item.
Questions
How did large funds vote at the Palo Alto Networks, Inc. meeting?
1,677 Form N-PX filers reported votes at the meeting of 9 Dec 2025. On say-on-pay, 819 of 1,600 voted against management (51.2%). 2 proposals from security holders could be told apart in the filings. The family table lists each of the largest families item by item.
Is this the meeting result?
No. These are the votes of funds and managers that file Form N-PX, counted by filer and by the shares they reported. The certified result, which includes every shareholder, is reported by Palo Alto Networks, Inc. on Form 8-K.
Why are director elections shown as counts only?
Director records name the nominee. This site does not publish pages or rows about individuals, so for director elections it keeps the number of nominees and the split of votes and discards the wording.
Every meeting on file for Palo Alto Networks, Inc.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing Palo Alto Networks, Inc. with a meeting date within three days of 9 Dec 2025. Proposal titles are the most common wording among filers and are replaced by the SEC category where a wording could name a person. Not verified by the SEC. Filings read through 23 Sep 2026.