Webster Aaron 4

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.