Boone Cornelius 4

What Happened

• Boone Cornelius, Senior Vice President and Chief People Officer at eBay Inc. (EBAY), was granted 27,413 restricted stock units (RSUs) on April 1, 2026. The filing reports acquisition at $0.00 per unit (an award/grant), meaning no cash was paid by the insider.
• These RSUs are a derivative award: each unit represents a contingent right to receive one share of eBay common stock when it vests. This is an award rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-04-01; $0.00 per RSU (grant, code A).
• Shares acquired: 27,413 RSUs (convert to shares upon vesting).
• Shares owned after transaction: Not specified in the Form 4 provided.
• Vesting/footnotes: F1–Each RSU equals one share upon vesting. F2–Vesting schedule: 1/16th vests on 6/15/2026, then an additional 1/16th vests each quarter thereafter. F3–Not applicable.
• Filing timeliness: Form 4 filed 2026-04-03 (appears timely within the standard 2-business-day window).

Context

• These RSUs are a common form of executive compensation intended to retain employees; the units convert to actual shares only as they vest according to the schedule above. Because the award is a grant (not a purchase or sale), it should not be interpreted as a direct bullish or bearish market action by the insider.
• For retail investors, awarded RSUs can dilute share count over time when they vest, and they align executives’ interests with shareholders only once vested and converted to stock.