DORMAN DAVID W 4

What Happened

• David W. Dorman, a PayPal (PYPL) director newly appointed Chair of the Board, was granted two fully vested stock awards on 2026-02-02 totaling 2,085 shares (564 shares and 1,521 shares). The Form 4 reports a per-share price of $0.00 because these were awards (transaction code A). Footnotes disclose the underlying dollar amounts used to calculate the grants: $29,486.30 (prorated chair equity award) and $79,589.04 (prorated chair retainer in stock), totaling $109,075.34 based on the company's closing stock price on the grant date.

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-04 (timely filing).
• Transaction type/code: Award/Grant (A); shares acquired at $0.00 per SEC reporting convention.
• Shares granted: 564 and 1,521 (total 2,085).
• Reported dollar amounts in footnotes: $29,486.30 (equity award) and $79,589.04 (retainer-in-stock) — combined ≈ $109,075.34.
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes: F1 = fully vested stock payment award for prorated Chair equity; F2 = election to receive prorated annual Chair retainer in common stock.

Context

• These grants are compensation-related (pro-rated chair equity and retainer paid in stock) tied to Dorman’s appointment as Chair, not open-market purchases or sales. Such awards are routine director compensation and do not, by themselves, indicate insider buying or selling sentiment.