Webster Aaron 4

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.