PayPal (NASDAQ: PYPL) CFO reports RSU vesting and routine tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PayPal Holdings, Inc. Chief Financial & Operating Officer Jamie S. Miller reported routine equity compensation activity. On June 1, 2026, 7,415 restricted stock units converted into common stock, and 3,786 shares were withheld to satisfy tax withholding obligations. The filing shows no open-market purchases or sales; all movements stem from the vesting and settlement of previously granted restricted stock units awarded under a three-year vesting schedule that began with a grant on March 1, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,415 shares exercised/converted
Mixed
3 txns
Insider
Miller Jamie S
Role
Chief Fin & Op Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units -3 | 7,415 | $0.00 | -- |
| Exercise | Common Stock | 7,415 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,786 | $44.75 | $169K |
Holdings After Transaction:
Restricted Stock Units -3 — 51,893 shares (Direct, null);
Common Stock — 74,815 shares (Direct, null)
Footnotes (1)
- Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. 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. Not applicable.
Key Figures
Shares withheld for taxes: 3,786 shares
RSUs converted to shares: 7,415 units/shares
Withholding reference price: $44.75 per share
+2 more
5 metrics
Shares withheld for taxes
3,786 shares
Common stock withheld to satisfy tax withholding obligations
RSUs converted to shares
7,415 units/shares
Restricted stock units converted into PayPal common stock
Withholding reference price
$44.75 per share
Price per share used for the tax-withholding disposition
RSU grant date
March 1, 2025
Grant date of restricted stock units subject to three-year vesting
Vesting period
Three years
RSU grant vests over three years with quarterly installments
Key Terms
restricted stock units, tax withholding obligations, derivative exercise/conversion
3 terms
restricted stock units financial
"Represents shares withheld in connection with the vesting of restricted stock units granted"
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.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations in connection with vesting"
derivative exercise/conversion financial
"Transaction action is classified as derivative exercise/conversion of restricted stock units"
FAQ
What insider transactions did PayPal (PYPL) report for Jamie S. Miller?
Jamie S. Miller reported equity compensation-related transactions only. Restricted stock units converted into common stock, and some shares were withheld to cover taxes. The activity reflects vesting of prior awards rather than open-market buying or selling of PayPal shares.
How many restricted stock units vested for PayPal’s CFO in this Form 4?
7,415 restricted stock units converted into PayPal common stock. Each unit represented a contingent right to receive one share, and the conversion reflects scheduled vesting under Miller’s existing restricted stock unit grant terms described in the footnotes.
What is the vesting schedule of Jamie S. Miller’s 2025 PayPal RSU grant?
The RSU grant dated March 1, 2025 vests over three years. One-third vests on the first anniversary, with 1/12 of the grant vesting on each subsequent quarterly anniversary until the third anniversary, when the award becomes fully vested.