Boone Cornelius 4

What Happened

• Boone Cornelius, Senior Vice President and Chief People Officer of eBay (EBAY), had multiple restricted stock units (RSUs) convert/vest on 2026-03-15. Reported conversions/acquisitions on that date total 84,961 shares (2,777 + 2,206 + 2,199 + 77,779).
• To satisfy tax withholding and related obligations, Cornelius delivered/disposed 31,618 shares in total (1,032; 835; 849; and 28,902) at $91.34 per share. The large withholding of 28,902 shares generated $2,639,909; the smaller deliveries generated $94,263, $76,269, and $77,548 respectively — total proceeds from those dispositions = $2,887,989.
• Net shares retained from these reported actions (acquisitions minus withholding dispositions) are approximately 53,343 shares (84,961 acquired − 31,618 delivered). The filing shows conversions/awards at $0 (typical for vested RSUs).

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (appears timely under Section 16 reporting rules).
• Prices: RSU conversions/awards reported at $0.00 (acquisition by vesting); tax-withholding disposals at $91.34/share.
• Shares acquired (via conversion/award): 84,961 total (includes a 77,779-share award that vested 3/15/26 per footnote F6).
• Shares delivered/ disposed for tax/withholding: 31,618 total (including 28,902 shares for $2,639,909).
• Footnotes: F6 confirms the 77,779 RSUs vested 100% on 3/15/26 due to achievement of performance criteria. Other footnotes (F1–F5) describe typical RSU vesting schedules for earlier grants.
• Filing timeliness: Reported period 3/15/26; filing dated 3/17/26 — not marked late in the provided data.

Context

• These transactions represent RSU vesting and share withholding to cover taxes (transaction codes: M = exercise/conversion of derivative; A = award/grant; F = payment of tax liability). This is a routine "net share settlement"/sell-to-cover pattern and does not necessarily indicate a discretionary open-market sale or change in investment view.
• The largest item ($2.64M from 28,902 shares) was a tax-related delivery, not an optional cash sale for investment. For exact post-transaction ownership, consult the official Form 4 filing — the summary above is based on the reported acquisitions and dispositions.