PayPal officer gets 3,418 and 6,903 shares on vesting
A PayPal executive had RSU awards vest into common stock, with a portion of shares withheld to cover tax obligations.
Rhea-AI Filing Summary
PayPal Holdings, Inc. (PYPL) reported that executive Frank Keller, President, Checkout Solutions & PayPal, had restricted stock units vest on September 1, 2026, converting into 3,418 and 6,903 shares of common stock, respectively. Of these shares, 5,709 were withheld at $52.665 per share to satisfy tax withholding obligations. These transactions reflect equity award vesting, not open-market buying or selling, and no Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,321 shares exercised/converted
Exercise
5 txns
Insider
Keller Frank
Role
Pres., Checkout Sol. & Paypal
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units -7 F2, F3, F4 | 3,418 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units -9 F2, F5, F4 | 6,903 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,418 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,903 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 5,709 | $52.665 | $301K |
Holdings After Transaction:
Restricted Stock Units -7 — 6,836 contracts (Direct);
Restricted Stock Units -9 — 41,412 contracts (Direct);
Common Stock — 46,179 shares (Direct)
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.
Key Figures
RSUs converted into common stock (grant 1): 3,418 shares
RSUs converted into common stock (grant 2): 6,903 shares
Shares withheld for taxes: 5,709 shares
+3 more
6 metrics
RSUs converted into common stock (grant 1)
3,418 shares
Restricted Stock Units -7 converted into PayPal common stock on September 1, 2026
RSUs converted into common stock (grant 2)
6,903 shares
Restricted Stock Units -9 converted into PayPal common stock on September 1, 2026
Shares withheld for taxes
5,709 shares
Common stock withheld to satisfy tax withholding obligations upon RSU vesting
Per-share value for tax withholding
$52.665 per share
Applied to 5,709 withheld shares of PayPal common stock
Derivative RSUs remaining (grant 1)
6,836 units
Restricted Stock Units -7 remaining after the September 1, 2026 transaction
Derivative RSUs remaining (grant 2)
41,412 units
Restricted Stock Units -9 remaining after the September 1, 2026 transaction
Key Terms
restricted stock unit, tax withholding obligations, Rule 10b5-1
3 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligations financial
"shares withheld to satisfy tax withholding obligations in connection with the vesting"
Rule 10b5-1 regulatory
"document-level Rule 10b5-1 checkbox indicates plan status for the transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transactions did PYPL executive Frank Keller report on September 1, 2026?
Frank Keller reported RSU vesting and related share withholding. Restricted stock units converted into 3,418 and 6,903 shares of PayPal common stock. Separately, 5,709 shares were withheld to cover tax withholding obligations associated with this vesting.
Were Frank Keller’s PYPL transactions made under a Rule 10b5-1 plan?
No Rule 10b5-1 trading plan is indicated. The document-level checkbox for Rule 10b5-1 is not marked as affirmative, and the footnotes do not state that these transactions were executed pursuant to a pre-arranged trading plan.
What is Frank Keller’s role at PayPal (PYPL) in this Form 4?
Frank Keller is identified as an officer of PayPal Holdings, Inc. His title in the filing is "Pres., Checkout Sol. & Paypal," indicating he serves as President, Checkout Solutions & PayPal.
AI-generated analysis. How Rhea-AI works. Not financial advice.
