Kereere Suzan 4
4 · PayPal Holdings, Inc. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
PayPal (PYPL) President Suzan Kereere Exercises RSUs; Shares Withheld
What Happened
Suzan Kereere, President, Global Markets at PayPal, had 8,504 restricted stock units (RSUs) convert into 8,504 shares on May 15, 2026 (reported as derivative exercise/conversion, code M). To satisfy tax withholding obligations (code F), 4,342 of those shares were withheld (disposed) at an indicated value of $45.04 per share, totaling $195,564. The conversion itself shows $0 cash paid (typical for RSU vesting).
Key Details
- Transaction date: 2026-05-15.
- Conversion: 8,504 RSUs -> 8,504 shares (reported as M, exercise/conversion of derivative) at $0.00.
- Tax withholding: 4,342 shares withheld/disposed at $45.04 per share = $195,564 (reported as F).
- Footnotes: F1 = shares withheld to satisfy tax withholding; F2 = each RSU equals one share upon vesting; F3 = RSU grant subject to a three‑year vesting schedule.
- Shares owned after the transaction: not provided in the supplied filing excerpt.
- Filing timeliness: Reported and filed with a period of report dated 2026-05-15 (no late-filing indication in this excerpt).
Context
This was a routine vesting of RSUs rather than an open‑market purchase or discretionary sale. The withholding of shares to cover taxes is a common, administrative “cashless” step and does not necessarily indicate a directional view on the stock. For retail investors, purchases by insiders can be more informative than routine tax-withholding disposals like this one.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-15+8,504→ 39,487 total - Tax Payment
Common Stock
[F1]2026-05-15$45.04/sh−4,342$195,564→ 35,145 total - Exercise/Conversion
Restricted Stock Units -2
[F2][F3][F4]2026-05-15−8,504→ 25,507 total→ Common Stock (8,504 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.