PayPal EVP Aaron Webster Receives 4,602 RSU Shares; 2,097 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 2026-09-01. No cash was paid for the shares (exercise/conversion price $0). To cover tax withholding, 2,097 shares were surrendered at an effective per-share value of $52.66, generating $110,439 in tax withholding. Net shares received by Webster were approximately 2,505.

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-03 (timely).
• Conversion/vesting: 4,602 RSUs converted to shares (transaction code M) at $0 exercise price.
• Tax withholding: 2,097 shares withheld (transaction code F) at $52.66 per share, totaling $110,439.
• Net shares retained: ~2,505 shares after withholding.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Relevant footnotes:
  • F1/F2: Shares were withheld to satisfy tax obligations related to RSU vesting. Each RSU equals one share.
  • F3: The RSUs were granted March 1, 2025 and vest over three years (1/3 at year 1, then quarterly 1/12 thereafter).
  • F4: Not applicable.
• Filing timeliness: The Form 4 was filed within the usual two-business-day window; no late filing indicated.

Context

• This was a routine RSU vesting and tax-withholding event, not an open-market buy or sale. Such withholdings are standard and do not necessarily indicate insider sentiment about the stock.
• For retail investors: purchases (open-market buys) are generally more informative as bullish signals. A vesting-and-withholding transaction like this primarily reflects compensation and tax mechanics rather than active trading.