PayPal (PYPL) Suzan Kereere Receives 8,503 Shares; 4,341 Withheld

What Happened
Suzan Kereere, President, Global Markets at PayPal (PYPL), had 8,503 restricted stock units convert into 8,503 shares on August 15, 2026. Of those shares, 4,341 were withheld to satisfy tax withholding obligations at an implied value of $61.66 per share (total withheld ≈ $267,666), leaving a net issuance of 4,162 shares to the reporting person. The conversion shows an exercise/conversion price of $0.00, consistent with RSU vesting rather than a paid option exercise.

Key Details

• Transaction date: 2026-08-15; Form filed: 2026-08-17 (appears timely).
• Converted/Acquired: 8,503 shares (derivative conversion / RSU vesting) at $0.00.
• Shares withheld (disposed) for taxes: 4,341 shares at $61.66 = $267,666.
• Net shares delivered to insider: 8,503 − 4,341 = 4,162 shares.
• Footnotes: F1 indicates shares were withheld to satisfy tax withholding; F2 clarifies each RSU equals one share; F3 explains the RSU grant vests over three years. F4 not applicable.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
This was a vesting/settlement of restricted stock units (RSUs), not an open-market buy or voluntary sale. The withholding of shares to cover taxes is a routine administrative step (cashless/tax-satisfaction disposition) and does not necessarily signal insider sentiment. The Form 4 entries reflect both the RSU conversion (derivative exercise/conversion) and the tax-withholding disposition.