Webster Aaron 4
4 · PayPal Holdings, Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
PayPal (PYPL) EVP Aaron Webster Exercises RSUs; Shares Withheld
What Happened
Aaron Webster, EVP & Global Chief Risk Officer at PayPal (PYPL), had 4,602 restricted stock units (RSUs) convert to common shares on June 1, 2026. Of those, 2,097 shares were withheld to satisfy tax withholding obligations at a reported per-share value of $44.75 (total ~$93,841), leaving Webster with a net delivery of 2,505 shares. The conversion is reported as an exercise/conversion of a derivative (code M) with the withholding reported as payment of tax liability (code F).
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-02 (covers period 2026-06-01).
- Conversion: 4,602 RSUs → 4,602 shares (reported at $0 exercise price for the conversion).
- Tax withholding: 2,097 shares disposed at $44.75/share = $93,841 withheld to pay taxes.
- Net shares delivered to insider: 2,505 shares (4,602 acquired − 2,097 withheld).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Relevant footnotes: F1 = shares withheld to satisfy tax obligations; F2 = each RSU equals one share; F3 = RSU grant dated Mar 1, 2025 with a three‑year vesting schedule. F4 = not applicable.
- Filing timeliness: filing date is the day after the transaction; no late-filing flag noted in the excerpt.
Context
This was a standard RSU vesting and tax-withholding event (conversion of RSUs to shares with shares withheld to cover taxes), not an open-market sale or purchase. Such withholding is routine and does not necessarily indicate a market view by the insider. The filing shows conversion (derivative exercise) and share withholding rather than an immediate cashless sale on the open market.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-06-01+4,602→ 60,713 total - Tax Payment
Common Stock
[F1]2026-06-01$44.75/sh−2,097$93,841→ 58,616 total - Exercise/Conversion
Restricted Stock Units -4
[F2][F3][F4]2026-06-01−4,602→ 32,210 total→ Common Stock (4,602 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 March 1, 2025, 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.