eBay (NASDAQ: EBAY) HR chief nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EBay Inc.’s SVP and Chief People Officer Cornelius Boone reported multiple stock-based compensation events. On 2026-03-15, several tranches of restricted stock units vested and were converted into a total of 84,961 shares of common stock, reflecting previously granted awards tied to time-based vesting schedules and performance criteria.
These awards included 77,779 restricted stock units granted for the company’s achievement of performance goals from 2023-01-01 to 2026-03-15, which vested in full on 2026-03-15. To cover tax obligations, 31,618 shares of common stock were withheld at a price of $91.34 per share, rather than sold on the open market.
After these vesting, conversion, and tax-withholding transactions, Boone directly owns 111,164 shares of eBay common stock. The filing reflects routine equity compensation activity and tax settlements, with no open-market purchases or sales reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
84,961 shares exercised/converted
Mixed
13 txns
Insider
Boone Cornelius
Role
SVP, Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units -5 | 2,777 | $0.00 | -- |
| Exercise | Restricted Stock Units -6 | 2,206 | $0.00 | -- |
| Exercise | Restricted Stock Units -8 | 2,199 | $0.00 | -- |
| Grant/Award | Restricted Stock Units -9 | 77,779 | $0.00 | -- |
| Exercise | Restricted Stock Units -9 | 77,779 | $0.00 | -- |
| Exercise | Common Stock | 2,777 | $0.00 | -- |
| Exercise | Common Stock | 2,206 | $0.00 | -- |
| Exercise | Common Stock | 2,199 | $0.00 | -- |
| Exercise | Common Stock | 77,779 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,032 | $91.34 | $94K |
| Tax Withholding | Common Stock | 835 | $91.34 | $76K |
| Tax Withholding | Common Stock | 849 | $91.34 | $78K |
| Tax Withholding | Common Stock | 28,902 | $91.34 | $2.64M |
Holdings After Transaction:
Restricted Stock Units -5 — 11,112 shares (Direct);
Restricted Stock Units -6 — 17,647 shares (Direct);
Restricted Stock Units -8 — 26,396 shares (Direct);
Restricted Stock Units -9 — 77,779 shares (Direct);
Common Stock — 60,598 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The reporting person received restricted stock units, 1/16th of which vests on 6/15/23, and an additional 1/16th of which vests each quarter thereafter. 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. Not Applicable. The reporting person received restricted stock units, 1/16th of which vests on 6/15/24, and an additional 1/16th of which vests each quarter thereafter. 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. The reporting person received restricted stock units, 1/16th of which vests on 6/15/25, and an additional 1/16th of which vests each quarter thereafter. 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. The reporting person was granted 77,779 restricted stock units as a result of the company's achievement of certain performance criteria during the period from 1/1/23 to 3/15/26, with 100% of the shares vesting on 3/15/26. 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.
FAQ
What did Cornelius Boone report in the latest eBay (EBAY) Form 4?
Cornelius Boone reported routine equity compensation activity, including RSU vesting and conversion into common stock. Several restricted stock unit awards vested on March 15, 2026, and were settled in shares, reflecting both time-based grants and performance-based awards achieved over a multi‑year period.
Were any of Cornelius Boone’s recent eBay stock transactions open-market buys or sells?
No open-market purchases or sales were reported. The filing shows derivative exercises and restricted stock unit vesting that converted into common shares, plus share dispositions coded “F,” which represent shares withheld by the issuer to cover tax liabilities, not discretionary market trades.
What performance-based RSU grant did Cornelius Boone receive from eBay?
Boone was granted 77,779 restricted stock units based on eBay achieving specified performance criteria from January 1, 2023 to March 15, 2026. All of these performance-based units vested on March 15, 2026, and were settled in an equal number of eBay common shares upon vesting.
What do the RSU footnotes in Cornelius Boone’s eBay Form 4 explain?
The footnotes explain that each restricted stock unit converts into one eBay common share upon vesting, and detail vesting schedules. Some RSUs vest quarterly in sixteenth increments, while the 77,779‑unit grant vests 100% on March 15, 2026 after performance criteria were achieved.