Webster Aaron 4
4 · PayPal Holdings, Inc. · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
PayPal EVP Aaron Webster Converts RSUs; Shares Withheld
What Happened Aaron Webster, EVP and Global Chief Risk Officer at PayPal (PYPL), had restricted stock units (RSUs) convert into 8,523 shares on July 15, 2026 (two conversions: 5,901 and 2,622 shares). The conversions were reported as derivative exercises at $0.00 per share. To cover tax withholding obligations, 3,883 of those shares were withheld at an implied value of $47.37 per share, resulting in ~$183,938 withheld.
Key Details
- Transaction date: 2026-07-15; Form 4 filed 2026-07-16 (timely filing).
- Conversion entries: 5,901 and 2,622 shares acquired via exercise/conversion of derivative instruments (reported at $0.00).
- Tax withholding: 3,883 shares withheld/disposed at $47.37 per share, total ~$183,938 (footnote F1).
- Footnotes: F1 = shares withheld to satisfy tax withholding on RSU vesting; F2 = each RSU equals one share; F3 = RSU grant vests over three years per schedule described; F4 = not applicable.
- Shares owned after the transactions: not disclosed in the provided excerpt of the filing.
Context This was not an open-market sale or purchase but a routine RSU vesting and conversion, with a portion of shares withheld to cover taxes (a common "net settlement" or withholding practice). The filing uses transaction code M for exercise/conversion of a derivative and F for tax withholding; these entries reflect vesting mechanics rather than a judgmental buy or sell decision.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-07-15+5,901→ 64,517 total - Exercise/Conversion
Common Stock
2026-07-15+2,622→ 67,139 total - Tax Payment
Common Stock
[F1]2026-07-15$47.37/sh−3,883$183,938→ 63,256 total - Exercise/Conversion
Restricted Stock Units -1
[F2][F3][F4]2026-07-15−5,901→ 17,700 total→ Common Stock (5,901 underlying) - Exercise/Conversion
Restricted Stock Units -2
[F2][F3][F4]2026-07-15−2,622→ 7,866 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.