Webster Aaron 4
4 · PayPal Holdings, Inc. · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
PayPal (PYPL) EVP Aaron Webster Receives RSUs; Shares Withheld
What Happened Aaron Webster, EVP & Global Chief Risk Officer at PayPal (PYPL), had restricted stock units (RSUs) vest on April 15, 2026. The Form 4 reports conversion/exercise of 8,522 RSUs into common shares at an exercise price of $0.00 (consistent with RSU settlement). To satisfy tax withholding, 3,883 shares were surrendered at $47.97 per share for a tax withholding value of $186,268, leaving a net 4,639 shares retained by Webster.
Key Details
- Transaction date: April 15, 2026; Form filed April 16, 2026 (timely).
- Conversions/vests: 5,900 and 2,622 RSUs converted (total 8,522) at $0.00 (code M).
- Tax withholding: 3,883 shares withheld/disposed at $47.97 each for $186,268 (code F; footnote F1).
- Net shares received: 8,522 − 3,883 = 4,639 shares retained.
- Footnotes: F1 = shares withheld to satisfy tax obligations; F2 = each RSU converts to one share; F3 = RSU grant subject to a 3‑year vesting schedule.
- The filing shows typical RSU vesting and tax withholding — not an open‑market buy or a discretionary sale.
Context This was an RSU vest/settlement event (not an open‑market purchase or voluntary sale). The $0.00 exercise price and the withholding of shares for taxes indicate standard vesting and tax-satisfaction mechanics rather than a financed option exercise or immediate market sale. No 10b5-1 plan, gift, or 10% owner note is indicated in the provided filing details.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-04-15+5,900→ 57,372 total - Exercise/Conversion
Common Stock
2026-04-15+2,622→ 59,994 total - Tax Payment
Common Stock
[F1]2026-04-15$47.97/sh−3,883$186,268→ 56,111 total - Exercise/Conversion
Restricted Stock Units -1
[F2][F3][F4]2026-04-15−5,900→ 23,601 total→ Common Stock (5,900 underlying) - Exercise/Conversion
Restricted Stock Units -2
[F2][F3][F4]2026-04-15−2,622→ 10,488 total→ Common Stock (2,622 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 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.