4//SEC Filing
Britto Mark 4
Accession 0001633917-22-000065
CIK 0001633917other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 4:40 PM ET
Size
17.8 KB
Accession
0001633917-22-000065
Insider Transaction Report
Form 4
Britto Mark
EVP, Global Sales and Credit
Transactions
- Award
Common Stock
2022-03-01+59,941→ 199,161 total - Exercise/Conversion
Restricted Stock Units -6
2022-03-01−9,520→ 19,038 total→ Common Stock (9,520 underlying) - Exercise/Conversion
Common Stock
2022-03-01+10,741→ 129,700 total - Exercise/Conversion
Restricted Stock Units -5
2022-03-01−10,741→ 0 total→ Common Stock (10,741 underlying) - Tax Payment
Common Stock
2022-03-01$106.51/sh−22,829$2,431,517→ 176,332 total - Exercise/Conversion
Common Stock
2022-03-01+9,520→ 139,220 total - Tax Payment
Common Stock
2022-03-01$106.51/sh−7,974$849,311→ 168,358 total - Award
Restricted Stock Units -7
2022-03-01+55,248→ 55,248 total→ Common Stock (55,248 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 2019-2021 performance period, which were vested as shares of common stock on 3/1/2022.
- [F2]Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 3/1/2022.
- [F3]Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
- [F4]Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- [F5]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.
- [F6]Not applicable.
- [F7]The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 1/3 on the one year anniversary of the grant date of the restricted stock unit award (the 'Grant Date'), and 1/12 on each quarterly anniversary of the Grant Date thereafter until the third anniversary of the Grant Date, on which date the grant shall be fully vested. 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.
Documents
Issuer
PayPal Holdings, Inc.
CIK 0001633917
Entity typeother
Related Parties
1- filerCIK 0001533405
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 4:40 PM ET
- Size
- 17.8 KB