PayPal (PYPL) SVP Chris Natali Receives RSU Vest; Tax Withholding

What Happened

• Chris Natali, SVP and Chief Accounting Officer at PayPal, had restricted stock units (RSUs) vest on September 1, 2026. The filing shows conversion/exercise of 1,126 derivative units into 1,126 shares (1,023 + 103) at $0.00 per share (these were RSU settlements, not cash purchases).
• To cover tax withholding, 390 of those shares were surrendered/withheld at a price of $52.66 per share, generating $20,539. The net result: 736 shares were delivered to Natali after withholding. This is an award/vesting event (routine equity compensation), not a market buy signal.

Key Details

• Transaction date: 2026-09-01; filing date: 2026-09-03 (filed within the normal 2-business-day window).
• Entries reported: Exercise/conversion (code M) — 1,023 and 103 shares acquired at $0.00; Tax withholding (code F) — 390 shares disposed at $52.66 for $20,539.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 explains shares were withheld to satisfy tax withholding on vesting; F2 notes each RSU equals one share; F3 and F5 describe the underlying RSU grants dated March 1, 2025 and March 15, 2025 with three-year vesting schedules.
• This was a vesting/settlement of RSUs with shares withheld for taxes (routine), not an open-market sale or purchase.

Context

• Code M in this filing reflects conversion/settlement of derivative awards (RSUs) into common stock. Because some shares were withheld to cover taxes, this is effectively a cashless tax-withholding settlement rather than an intentional sale for cash proceeds.
• Award/vesting events are common executive compensation mechanics and do not necessarily indicate the insider’s view on the company’s stock. This filing does not indicate a 10% owner transaction.