PayPal Holdings, Inc. 8-K

What Happened

• PayPal Holdings, Inc. filed a Form 8-K (April 30, 2026) disclosing that, effective June 2, 2026, Michelle Gill will cease serving as EVP, General Manager, Small Business and Financial Services, and Diego Scotti will cease serving as EVP, General Manager, Consumer Group. The company announced the departures in a press release dated April 29, 2026 (attached as Exhibit 99.1).
• In connection with Ms. Gill’s departure, PayPal and Ms. Gill entered into a separation and release agreement on April 27, 2026. That agreement makes her eligible for the severance payments and benefits that apply to a termination without cause (and not in connection with a change in control) under PayPal’s Executive Change in Control and Severance Plan.

Key Details

• Effective date of departures: June 2, 2026.
• Executives leaving: Michelle Gill (EVP, GM — Small Business & Financial Services) and Diego Scotti (EVP, GM — Consumer Group).
• Separation agreement executed for Ms. Gill on April 27, 2026; entitles her to severance under the company’s Executive Change in Control and Severance Plan for a non‑cause termination (not tied to a change in control).
• Company issued a press release announcing the departures on April 29, 2026 (Exhibit 99.1 to the 8-K).

Why It Matters

• Leadership change in two senior operating roles could affect execution and continuity for PayPal’s Small Business, Financial Services, and Consumer businesses; investors should watch for interim leadership announcements and any strategic updates.
• The filing confirms potential severance expense for Michelle Gill under existing executive severance arrangements; no specific dollar amounts were disclosed in the 8-K.
• This is a governance/operational disclosure (Item 5.02 and Regulation FD disclosure) rather than a financial-results filing; investors should monitor for further disclosures about successors or related impacts to operations.