Keller Frank 4
4 · PayPal Holdings, Inc. · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
PayPal (PYPL) President Frank Keller Converts RSUs; Shares Withheld
What Happened
Frank Keller, President, Checkout Solutions & PayPal, had 1,639 restricted stock units (RSUs) convert into common stock on 2026-07-15 (reported as derivative exercises). Of those shares, 907 were withheld to satisfy tax withholding obligations (reported as a disposition) at an indicated value of $47.37 per share (total withheld value $42,965). Net shares delivered to Keller were 732 (1,639 vested − 907 withheld). The RSU conversion shows a $0 exercise price, consistent with RSU settlement rather than an option purchase.
Key Details
- Transaction date: 2026-07-15; filing date: 2026-07-16 (timely filing).
- Conversions: 1,639 RSUs converted to 1,639 shares (reported as derivative exercise, code M) at $0.00 exercise price.
- Tax withholding: 907 shares withheld (code F) at $47.37/share for a total of $42,965.
- Net shares delivered: 732 shares. Approximate total value of vested shares at $47.37 ≈ $77,639.
- Shares owned after transaction: Not stated in the provided filing details.
- Footnotes: F1 = shares withheld to satisfy tax withholding; F2 = each RSU equals one share; F3 = RSU grant subject to a three‑year vesting schedule. F4 not applicable.
- No 10b5-1 plan or late filing indicated in the provided data.
Context
This was an RSU vesting/settlement and tax-withholding event — not an open-market purchase or sale indicating directional trading sentiment. The derivative entries reflect conversion/settlement of RSUs (cashless/net-share withholding for taxes), a routine compensation event for executives.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-07-15+1,639→ 43,206 total - Tax Payment
Common Stock
[F1]2026-07-15$47.37/sh−907$42,965→ 42,299 total - Exercise/Conversion
Restricted Stock Units -8
[F2][F3][F4]2026-07-15−1,639→ 4,917 total→ Common Stock (1,639 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.