Palo Alto CEO’s Pay Package Is Corporate America’s Most Rejected

Shareholders at Palo Alto Networks Inc. have a recurring beef with the company over how much it pays the chief executive officer and other senior leaders.

A majority of shareholders have opposed the cybersecurity firm’s compensation packages for top executives in “say-on-pay” votes seven times since 2015, when they first rejected one. The votes are non-binding, so companies aren’t required to act on them.

Still, it’s a tally that stands out among the world’s largest publicly traded companies. Palo Alto Networks has racked up more say-on-pay losses than any other company in the S&P 500 Index during that period and the third-most in ...