Keller Frank 4
4 · PayPal Holdings, Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
PayPal President Frank Keller Receives RSUs; 5,709 Shares Withheld
What Happened
Frank Keller, President, Checkout Solutions & PayPal, had restricted stock units (RSUs) convert into 10,321 shares of PayPal common stock on June 1, 2026. Of those, 5,709 shares were withheld to cover tax withholding obligations at $44.75 per share (total value withheld ≈ $255,478). The remaining 4,612 shares were delivered to Keller. The conversion shows $0.00 per-share exercise price, indicating RSU vesting rather than a cash option purchase.
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 2, 2026 (timely filing).
- Converted/Acquired: 10,321 shares via derivative conversion (two entries: 3,418 and 6,903 shares) at $0.00.
- Withheld for taxes (Disposition code F): 5,709 shares at $44.75 for a total withholding amount of $255,478.
- Net shares delivered to insider after withholding: 4,612 shares.
- Shares owned after transaction: not disclosed in the provided filing details.
- Footnotes: the shares represent vested RSUs (each RSU = one share) from grants subject to three-year vesting schedules (grants dated March 1, 2024 and March 1, 2025) and the withholding was to satisfy tax liabilities.
Context
- This was a vesting/conversion of RSUs (derivative conversion), not an open-market sale or purchase. The $0.00 per-share exercise price is typical for RSU vesting; the company withheld shares to cover taxes (common practice).
- Withholding of shares for taxes (code F) is routine and does not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
Form 4
Keller Frank
Pres., Checkout Sol. & PayPal
Transactions
- Exercise/Conversion
Common Stock
2026-06-01+3,418→ 44,985 total - Exercise/Conversion
Common Stock
2026-06-01+6,903→ 51,888 total - Tax Payment
Common Stock
[F1]2026-06-01$44.75/sh−5,709$255,478→ 46,179 total - Exercise/Conversion
Restricted Stock Units -7
[F2][F3][F4]2026-06-01−3,418→ 10,254 total→ Common Stock (3,418 underlying) - Exercise/Conversion
Restricted Stock Units -9
[F2][F5][F4]2026-06-01−6,903→ 48,315 total→ Common Stock (6,903 underlying)
Footnotes (5)
- [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 on March 1, 2024, 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.
- [F5]The reporting person received a restricted stock unit grant on March 1, 2025, 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.
Signature
By: Brian Yamasaki For: Frank Keller|2026-06-02