PayPal CFO receives 12,004 shares on RSU vest
PayPal’s CFO and COO Jamie S. Miller had RSUs vest into 12,004 shares, with 6,129 shares withheld to cover tax obligations.
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Form Type
4
Rhea-AI Filing Summary
PayPal Holdings, Inc. reported that its Chief Financial & Operating Officer, Jamie S. Miller, had restricted stock units vest into 12,004 shares of common stock on September 15, 2026, through the exercise or conversion of derivative securities.
Of these shares, 6,129 were withheld to satisfy tax withholding obligations at a price of $54.03 per share, with the transactions reported as directly owned and no Rule 10b5-1 trading plan indicated.
Insider Trade Summary
12,004 shares exercised/converted
Exercise
5 txns
Insider
Miller Jamie S
Role
Chief Fin & Op Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units -1 F2, F3, F4 | 9,094 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units -2 F2, F3, F4 | 2,910 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,094 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,910 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 6,129 | $54.03 | $331K |
Holdings After Transaction:
Restricted Stock Units -1 — 9,094 contracts (Direct);
Restricted Stock Units -2 — 2,910 contracts (Direct);
Common Stock — 86,408 shares (Direct)
Holdings Before and After:
Restricted Stock Units -1, 18,188 to 9,094 contracts (Direct);
Restricted Stock Units -2, 5,820 to 2,910 contracts (Direct);
Common Stock, 80,533 to 86,408 shares (Direct)
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 on December 15, 2023, 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.
Key Figures
Common shares issued upon RSU vesting: 12,004 shares
First RSU tranche converted: 9,094 shares
Second RSU tranche converted: 2,910 shares
+2 more
5 metrics
Common shares issued upon RSU vesting
12,004 shares
Shares of PayPal common stock received upon RSU vesting on September 15, 2026
First RSU tranche converted
9,094 shares
Common stock from conversion of restricted stock units labeled Restricted Stock Units -1
Second RSU tranche converted
2,910 shares
Common stock from conversion of restricted stock units labeled Restricted Stock Units -2
Shares withheld for tax obligations
6,129 shares
Common stock withheld to satisfy tax withholding obligations upon RSU vesting
Tax withholding reference price
$54.03 per share
Per-share value used for the 6,129 shares withheld for tax obligations
Key Terms
Restricted Stock Units, contingent right, tax withholding obligations, vesting schedule
4 terms
Restricted Stock Units financial
"The reporting person received a restricted stock unit grant on December 15, 2023"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations in connection with the vesting"
vesting schedule financial
"subject to a three-year vesting schedule, vesting 1/3 on the one year anniversary"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PYPL report for Jamie S. Miller on September 15, 2026?
PayPal reported that 12,004 shares of common stock were issued to Jamie S. Miller upon vesting of restricted stock units, with the activity recorded as exercises or conversions of derivative securities.
Was a Rule 10b5-1 trading plan used for Jamie S. Miller’s PYPL transactions?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for the transactions disclosed for Jamie S. Miller on September 15, 2026.
What is the nature of the derivative securities in Jamie S. Miller’s PYPL Form 4?
The derivative securities are restricted stock units, with each unit representing a contingent right to receive one share of PayPal common stock, subject to a three-year vesting schedule from a grant made on December 15, 2023.
What vesting schedule applies to Jamie S. Miller’s PYPL restricted stock units?
The RSU grant dated December 15, 2023 vests over three years: 1/3 on the one-year anniversary, then 1/12 on each quarterly anniversary until the third anniversary, when the award becomes fully vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
