Kereere Suzan 4
4 · PayPal Holdings, Inc. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
PayPal President Suzan Kereere Receives Vested RSUs; Shares Withheld
What Happened
Suzan Kereere, President, Global Markets at PayPal (PYPL), had restricted stock units (RSUs) convert into 69,725 shares (61,222 + 8,503) on Feb 15, 2026. Of those, 32,112 shares were withheld to satisfy tax withholding at $40.29/share, a value of $1,293,792. The remaining net shares delivered to her after withholding equal 37,613 shares. This was not an open-market sale — it reflects RSU vesting and tax withholding (cashless settlement), not a discretionary sale.
Key Details
- Transaction date: 2026-02-15; Form filed: 2026-02-17 (timely filing).
- Conversion (derivative exercise/conversion, code M): 61,222 and 8,503 RSUs converted to common shares at $0.00 per share (each RSU = 1 share).
- Tax withholding (code F): 32,112 shares withheld at $40.29/share for total withholding value of $1,293,792.
- Net shares received after withholding: 69,725 − 32,112 = 37,613 shares.
- Footnotes: F1 = shares withheld to satisfy tax obligations; F2 = each RSU equals one share; F3/F5 = describe the two different vesting schedules for the RSU grants (2‑year and 3‑year schedules).
- Shares owned after the transaction (total holdings) were not specified in the provided excerpt of the filing.
Context
- This was a vesting/cashless settlement of RSUs (conversion of RSUs into shares with some shares withheld for taxes), which is a common administrative event and not the same as an open-market sale or a buy signal.
- For retail investors, tax-withholding disposals are routine and typically do not indicate the insider’s directional view on the stock.
Insider Transaction Report
Form 4
Kereere Suzan
President, Global Markets
Transactions
- Exercise/Conversion
Common Stock
2026-02-15+61,222→ 92,205 total - Exercise/Conversion
Common Stock
2026-02-15+8,503→ 100,708 total - Tax Payment
Common Stock
[F1]2026-02-15$40.29/sh−32,112$1,293,792→ 68,596 total - Exercise/Conversion
Restricted Stock Units -1
[F2][F3][F4]2026-02-15−61,222→ 0 total→ Common Stock (61,222 underlying) - Exercise/Conversion
Restricted Stock Units -2
[F2][F5][F4]2026-02-15−8,503→ 34,011 total→ Common Stock (8,503 underlying)
Footnotes (5)
- [F1]Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
- [F2]Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- [F3]The reporting person received a restricted stock unit grant subject to a two-year vesting schedule, vesting 1/2 on the first-year anniversary of the grant date of the restricted stock unit award, and the remaining 1/2 vesting on the second-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.
- [F4]Not applicable.
- [F5]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, 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.
Signature
By: Brian Yamasaki For: Suzan Kereere|2026-02-17