Keller Frank 4

4 · PayPal Holdings, Inc. · Filed Jun 16, 2026

AI-generated summary of this filing

Updated Jun 17, 2026

PayPal (PYPL) Frank Keller Receives 146,778-Unit PSU Award

What Happened

Frank Keller, President, Checkout Solutions & PayPal, was granted 146,778 performance stock units (PSUs) on June 15, 2026. The grant is reported as a derivative award (code A) with an acquisition price of $0.00—there was no cash purchase. The PSUs are a contingent right to receive shares if performance conditions are met; no immediate shares or cash changed hands.

Key Details

Transaction date: 2026-06-15; Form 4 filed: 2026-06-16 (timely filing).
Grant type: Performance-based restricted stock units (PSUs), reported as a derivative award (A); reported price: $0.00.
Units granted: 146,778 PSUs. Each PSU represents a contingent right to one share if earned (Footnote F1).
Shares owned after transaction: Not disclosed in the provided filing.
Notable grant terms (Footnote F2): payout depends on achieving company share-price hurdles during the performance period from March 1, 2029 to March 1, 2031. Possible payouts are 0%, 100%, 175%, or 250% of target PSUs. If a hurdle is met, 25% of earned PSUs vest upon certification and 75% vest on March 1, 2031, subject to continued employment.
Footnote F3: Not applicable.

Context

These PSUs are a form of long-term, performance-based compensation tied to future stock price performance, not an immediate buy or sell; they do not indicate an immediate bullish or bearish trade by the insider. Payouts are contingent on reaching specified average closing price thresholds over a 60-calendar-day period within the performance window.

Form 4

Period: 2026-06-15

Pres., Checkout Sol. & PayPal

Transactions

Award
Performance Stock Units 1
[F1][F2][F3]
2026-06-15+146,778→ 146,778 total
→ Common Stock (146,778 underlying)

Footnotes (3)

[F1]Each performance stock unit represents a contingent right to receive one share of PayPal's common stock.
[F2]The reporting person received a one-time performance-based restricted stock unit ("PSU") grant on June 15, 2026. The number of PSUs that may be earned is based on achievement of Company common stock price hurdles during the performance period beginning on March 1, 2029 and ending on March 1, 2031, with potential payouts at 0%, 100%, 175%, and 250% of the target number of PSUs. A stock price hurdle is attained when, at any time during the performance period, the Company's average closing price over a 60-calendar day period equals or exceeds the stock price hurdle. Upon attainment of a stock price hurdle, 25% of the earned PSUs will vest upon certification of the achievement and 75% will vest on March 1, 2031, in each case generally subject to the reporting person's continued employment through the vesting date.
[F3]Not applicable.

Signature

By: Peter Kraus For: Frank Keller|2026-06-16

1 file