PayPal Director Frank Yeary Receives Stock Award

What Happened

• Frank D. Yeary, a PayPal (PYPL) director, was granted a fully vested stock award of 6,275 shares reported on 2026-05-19. The Form 4 lists the acquisition price as $0.00 (award), so the filing shows $0 cash paid for the shares even though the award’s dollar value is set by company policy.

Key Details

• Transaction date: 2026-05-19 (reported on Form 4 filed 2026-05-20).
• Transaction type: Award/Grant (code A); per-share price on form: $0.00.
• Number of shares granted: 6,275 shares.
• Reported cash paid: $0 (shares issued as compensation).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Award granted under the Independent Director Compensation Policy — the number of shares equals $275,000 divided by PayPal’s closing stock price on the grant date, rounded up.
• Timeliness: Filing appears timely (transaction 5/19, file 5/20).

Context

• This was a routine director compensation award (fully vested stock payment) rather than a market purchase or sale. The award is intended as compensation — roughly $275,000 of value based on the company formula — and does not by itself indicate the director buying or selling shares for investment reasons.