Marino Gary J 4
4 · PayPal Holdings, Inc. · Filed Feb 20, 2019
Insider Transaction Report
Form 4
Marino Gary J
SVP, Global Credit & Americas
Transactions
- Award
Common Stock
2019-02-15+8,566→ 48,866 total - Tax Payment
Common Stock
2019-02-15$94.91/sh−2,844$269,924→ 46,022 total
Holdings
- 2,018
Non-Qualified Stock Option (right to buy)
Exercise: $35.88Exp: 2022-04-01→ Common Stock (2,018 underlying) - 2,017
Restricted Stock Units -3
→ Common Stock (2,017 underlying) - 4,034
Restricted Stock Units -4
→ Common Stock (4,034 underlying) - 12,589
Restricted Stock Units -5
→ Common Stock (12,589 underlying) - 48,517
Restricted Stock Units -6
→ Common Stock (48,517 underlying) - 44,012
Restricted Stock Units -9
→ Common Stock (44,012 underlying)
Footnotes (7)
- [F1]Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2018 performance period, which were vested as shares of common stock on 2/15/2019.
- [F2]Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 2/15/2019.
- [F3]The option grant is subject to a four-year vesting schedule, vesting 12.5% on the 6 month anniversary of the grant and 1/48th per month thereafter.
- [F4]The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on the one year anniversary date of the restricted stock unit and 25% each year thereafter. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
- [F5]Not applicable.
- [F6]Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- [F7]The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.