PayPal CFO buys shares, receives major stock awards
PayPal Holdings, Inc. executive Jamie S. Miller increased her equity stake through multiple transactions.
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Form Type
4
Rhea-AI Filing Summary
PayPal Holdings, Inc. executive Jamie S. Miller increased her equity stake through multiple transactions. On June 15, 2026, she made an open-market purchase of 6,129 shares of common stock at $41.53 per share, bringing her directly held common shares to 80,123.
She also exercised restricted stock units that delivered an additional 12,004 shares of common stock at no cash cost, and received a grant of 146,778 performance stock units. These performance units can convert into shares of common stock depending on future stock price hurdles measured between March 1, 2029 and March 1, 2031, with potential payout levels ranging from 0% to 250% of the target amount.
Insider Trade Summary
Net Buyer: 6,129 shares
Net Buy
6 txns
Insider
Miller Jamie S
Role
Chief Fin & Op Officer
Bought
6,129 shs ($255K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units 1 | 146,778 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units -1 | 9,094 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units -2 | 2,910 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,094 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,910 | $0.00 | $0.00 |
| Purchase | Common Stock | 6,129 | $41.53 | $255K |
Holdings After Transaction:
Performance Stock Units 1 — 146,778 contracts (Direct);
Restricted Stock Units -1 — 18,188 contracts (Direct);
Restricted Stock Units -2 — 5,820 contracts (Direct);
Common Stock — 76,904 shares (Direct)
Footnotes (6)
- 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 performance stock unit represents a contingent right to receive one share of PayPal's common stock.
- F3. The reporting person received a one-time performance-based restricted stock unit ("PSU") grant on June 15, 2026. The number of PSUs that may be earned is based on achievement of Company common stock price hurdles during the performance period beginning on March 1, 2029 and ending on March 1, 2031, with potential payouts at 0%, 100%, 175%, and 250% of the target number of PSUs. A stock price hurdle is attained when, at any time during the performance period, the Company's average closing price over a 60-calendar day period equals or exceeds the stock price hurdle. Upon attainment of a stock price hurdle, 25% of the earned PSUs will vest upon certification of the achievement and 75% will vest on March 1, 2031, in each case generally subject to the reporting person's continued employment through the vesting date.
- F4. Not applicable.
- F5. Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F6. 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.
Key Figures
Open-market purchase: 6,129 shares at $41.53/share
Common shares held: 80,123 shares
RSUs converted: 12,004 shares
+4 more
7 metrics
Open-market purchase
6,129 shares at $41.53/share
Common stock bought on June 15, 2026
Common shares held
80,123 shares
Direct PayPal common stock after transactions
RSUs converted
12,004 shares
Common stock from restricted stock unit exercises
Performance stock units granted
146,778 units
One-time PSU grant reported June 15, 2026
PSU performance period start
March 1, 2029
Beginning of PSU stock price measurement window
PSU performance period end
March 1, 2031
End of PSU stock price measurement window
PSU payout range
0%–250% of target
Potential payout levels based on price hurdles
Key Terms
performance stock unit, restricted stock unit, open-market purchase, stock price hurdle, +2 more
6 terms
performance stock unit financial
"The reporting person received a one-time performance-based restricted stock unit ("PSU") grant on June 15, 2026."
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock."
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.
open-market purchase financial
"transaction_action: "open-market purchase" in connection with the common stock transaction."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
stock price hurdle financial
"A stock price hurdle is attained when the average closing price over 60 days meets the hurdle."
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units."
performance period financial
"during the performance period beginning on March 1, 2029 and ending on March 1, 2031"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PayPal (PYPL) CFO Jamie S. Miller buy in this Form 4 filing?
Jamie S. Miller purchased 6,129 shares of PayPal common stock in an open-market transaction at $41.53 per share. This direct purchase increased her common stock holdings, signaling a higher personal equity exposure to PayPal alongside other equity-based awards reported in the same filing.
What performance stock units were granted to Jamie S. Miller at PayPal (PYPL)?
She received a one-time grant of 146,778 performance stock units (PSUs). Each PSU represents a contingent right to one PayPal share, with actual shares earned based on stock price hurdles measured between March 1, 2029 and March 1, 2031 at specified payout levels.
How do the PayPal (PYPL) performance stock units for Jamie S. Miller vest?
The PSUs vest based on stock price hurdles during a period from March 1, 2029 to March 1, 2031. When a hurdle is achieved over a 60-day average, 25% of earned PSUs vest after certification and 75% vest on March 1, 2031, subject to continued employment.
What restricted stock unit activity did PayPal (PYPL) report for Jamie S. Miller?
Restricted stock units converted into 12,004 shares of PayPal common stock at no cash exercise price. The footnotes explain these RSUs are part of a prior grant with a three-year vesting schedule, delivering common shares as vesting milestones are reached over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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