Gill Michelle 4

4 · PayPal Holdings, Inc. · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

PayPal (PYPL) EVP Michelle Gill Receives RSUs; Shares Withheld for Taxes

What Happened

Michelle Gill, EVP & GM, SMB & Financial Services at PayPal, had restricted stock units (RSUs) convert into 12,005 shares on 2026-03-15 (exercise/conversion of derivative, code M).
To satisfy tax withholding obligations, 5,836 of those shares were withheld/disposed at $44.90 per share for a total withholding value of $262,036 (code F). Net shares retained from the vesting event: 12,005 − 5,836 = 6,169 shares.
This was not an open-market sale or purchase of stock by the insider; it is a routine vesting and tax-withholding transaction.

Key Details

Transaction date: March 15, 2026. Filing date: March 17, 2026 (filed timely).
Acquisition: 12,005 shares from RSU conversion at $0 exercise price (codes M).
Disposal/withholding: 5,836 shares withheld at $44.90/share = $262,036 (code F).
Shares owned after transaction: Not reported in the Form 4; net shares received from this vesting = 6,169.
Relevant footnotes: F1 = shares withheld to satisfy tax withholding; F2 = each RSU converts to one share; F3 = RSU grant dated 12/15/2023 with a three-year vesting schedule; F4 = not applicable.
Transaction codes explained: M = exercise/conversion of derivative (RSU vesting); F = shares withheld for tax obligations.

Context

This was a vesting event (RSUs converting to common stock) with share withholding for taxes — a routine administrative transaction, not a discretionary open‑market sale or purchase.
For retail investors, such transactions mainly reflect compensation vesting; they do not necessarily indicate the insider’s view on the stock.

Form 4

Period: 2026-03-15

EVP, GM, SMB & Financial Svcs

Transactions

Exercise/Conversion
Common Stock
2026-03-15+9,095→ 71,405 total
Exercise/Conversion
Common Stock
2026-03-15+2,910→ 74,315 total
Tax Payment
Common Stock
[F1]
2026-03-15$44.90/sh−5,836$262,036→ 68,479 total
Exercise/Conversion
Restricted Stock Units -1
[F2][F3][F4]
2026-03-15−9,095→ 27,282 total
→ Common Stock (9,095 underlying)
Exercise/Conversion
Restricted Stock Units -2
[F2][F3][F4]
2026-03-15−2,910→ 8,730 total
→ Common Stock (2,910 underlying)

Footnotes (4)

[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 on December 15, 2023, 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.
[F4]Not applicable.

Signature

By: Brian Yamasaki For: Michelle Gill|2026-03-17

1 file