4//SEC Filing
Shivananda Sripada 4
Accession 0001633917-23-000054
CIK 0001633917other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 5:59 PM ET
Size
21.7 KB
Accession
0001633917-23-000054
Insider Transaction Report
Form 4
Shivananda Sripada
SVP, Chief Technology Officer
Transactions
- Award
Common Stock
2023-03-01+24,769→ 90,887 total - Tax Payment
Common Stock
2023-03-01$73.82/sh−12,320$909,462→ 78,567 total - Exercise/Conversion
Common Stock
2023-03-01+5,693→ 84,260 total - Exercise/Conversion
Common Stock
2023-03-01+4,125→ 88,385 total - Exercise/Conversion
Restricted Stock Units -4
2023-03-01−5,693→ 0 total→ Common Stock (5,693 underlying) - Exercise/Conversion
Restricted Stock Units -6
2023-03-01−9,823→ 19,643 total→ Common Stock (9,823 underlying) - Exercise/Conversion
Common Stock
2023-03-01+9,823→ 98,208 total - Tax Payment
Common Stock
2023-03-01$73.82/sh−9,740$719,007→ 88,468 total - Exercise/Conversion
Restricted Stock Units -5
2023-03-01−4,125→ 4,124 total→ Common Stock (4,125 underlying) - Award
Restricted Stock Units -7
2023-03-01+31,673→ 31,673 total→ Common Stock (31,673 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 2020-2022 performance period, which were vested as shares of common stock on 3/1/2023.
- [F2]Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 3/1/2023.
- [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 0001671005
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 5:59 PM ET
- Size
- 21.7 KB