Alford Peggy 4

What Happened

• Peggy Alford, Chief Financial Officer of eBay (EBAY), had restricted stock units (RSUs) convert into 46,354 shares on 2026-06-15 (three conversion entries). To satisfy tax withholding obligations, 23,425 of those shares were retained/sold at $109.18 per share for a total of $2,557,541. The conversions are reported with code M (exercise/conversion of derivative) and the withholding with code F (payment of tax liability).

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (appears timely).
• Conversion/Acquisition: 46,354 shares recorded at $0.00 (RSU vesting/conversion).
• Shares withheld/Disposed for taxes: 23,425 shares at $109.18 each, total $2,557,541.
• Net new shares added to Alford’s position from this vesting: 22,929 shares (46,354 acquired minus 23,425 withheld).
• Footnotes: RSUs convert to one share each on vesting (F1). Some awards were under a four‑year vesting schedule (25% vested 6/15/2026; then quarterly) and others under a two‑year schedule (50% vested 6/15/2026, 50% on 6/15/2027) (F2, F4, F5). Filing note: Table I also includes 604 shares acquired via eBay’s ESPP on 4/30/2026.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion here); F = tax withholding/payment.

Context

• These were RSU vesting-related events, not open-market purchases or voluntary sales. The $109.18 figure reflects the share price used for the withholding/sale to cover taxes; the RSUs themselves have an exercise/conversion price of $0 because they convert into shares upon vesting. Withholding of shares for taxes is a routine administrative action and does not by itself indicate a change in insider sentiment.