Marino Gary J 4
4 · PayPal Holdings, Inc. · Filed Mar 5, 2019
Insider Transaction Report
Form 4
Marino Gary J
SVP, Global Credit & Americas
Transactions
- Award
Common Stock
2019-03-01+82,372→ 128,394 total - Exercise/Conversion
Common Stock
2019-03-01+24,259→ 152,653 total - Tax Payment
Common Stock
2019-03-01$98.80/sh−58,591$5,788,791→ 108,733 total - Exercise/Conversion
Common Stock
2019-03-01+14,671→ 167,324 total - Exercise/Conversion
Restricted Stock Units -6
2019-03-01−24,259→ 24,258 total→ Common Stock (24,259 underlying) - Exercise/Conversion
Restricted Stock Units -9
2019-03-01−14,671→ 29,341 total→ Common Stock (14,671 underlying)
Holdings
- 4,034
Restricted Stock Units -4
→ Common Stock (4,034 underlying) - 2,017
Restricted Stock Units -3
→ Common Stock (2,017 underlying) - 12,589
Restricted Stock Units -5
→ Common Stock (12,589 underlying) - 2,018
Non-Qualified Stock Option (right to buy)
Exercise: $35.88Exp: 2022-04-01→ Common Stock (2,018 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 2016-2018 performance period, which were vested as shares of common stock on 3/1/2019.
- [F2]Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
- [F3]Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- [F4]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.
- [F5]Not applicable.
- [F6]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.
- [F7]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.