Webster Aaron 4

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.