PayPal Director Chik Joy Receives 6,275-Share Award

What Happened
Chik Joy, a member of PayPal's board of directors, was granted a fully vested stock payment award of 6,275 shares on May 19, 2026. The Form 4 reports the acquisition price as $0.00 (award), and the grant was made under the company’s independent director compensation policy. Per the filing footnote, the award represents $275,000 divided by PayPal’s closing share price on the grant date; based on the reported share count, the implied grant price is roughly $43.86 per share.

Key Details

• Transaction date: 2026-05-19; transaction type: Award/Grant (code A); reported price: $0.00 (stock award).
• Grant amount: 6,275 shares; stated compensation value per policy: $275,000 (calculated by $275,000 ÷ closing price).
• Shares owned after transaction: not disclosed in the filing.
• Footnote: award granted pursuant to the Independent Director Compensation Policy; number of shares = $275,000 ÷ closing stock price on grant date, rounded up.
• Timeliness: Filing date 2026-05-20 for a 2026-05-19 grant — appears timely (not marked late). No 10b5-1 plan or tax-withholding details disclosed.

Context
This is a routine director compensation award (fully vested stock payment) rather than a purchase or sale by the insider. Such awards are standard for independent directors and reflect compensation, not necessarily a personal bullish or bearish trading signal.