Kereere Suzan 4

What Happened
Suzan Kereere, President, Global Markets at PayPal (PYPL), had 6,903 restricted stock units (RSUs) convert to common shares on June 1, 2026 (reported June 2, 2026). Of those vested shares, 3,524 were withheld to satisfy tax withholding obligations at an effective price of $44.75 per share, generating approximately $157,699. The conversion of the RSUs is reported as a derivative exercise/conversion (code M) and the withholding is reported as a tax payment/disposition (code F).

Key Details

• Transaction date: 2026-06-01; Form filed: 2026-06-02 (timely — within typical 2-business-day requirement).
• Vesting/conversion: 6,903 RSUs converted to 6,903 shares (acquired at $0.00 per share as RSUs).
• Tax withholding: 3,524 shares withheld/disposed at $44.75 each = $157,699 (reported as payment of tax liability).
• Reporting entries: M = conversion/exercise of derivative (RSU vesting); F = shares withheld for taxes (sell-to-cover).
• Shares owned after transaction: not specified in the filing.

Context

• This was not an open-market purchase or discretionary sale — it was automatic vesting of RSUs and routine withholding to cover taxes (common "sell-to-cover" practice).
• RSUs represent a contingent right to receive one share per unit upon vesting; footnotes confirm the grant vests over a multi-year schedule beginning March 1, 2025.
• Such vesting and withholding transactions are typical executive compensation events and should not be read as a directional market signal on their own.