PayPal exec RSUs vest; shares withheld for tax
PayPal Holdings, Inc. executive Frank Keller reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
PayPal Holdings, Inc. executive Frank Keller reported routine equity compensation activity. On June 1, 2026, restricted stock units vested and were converted into common stock, and 5,709 shares of common stock were withheld at $44.75 per share to cover tax obligations. The filing shows derivative exercises and related tax withholding, with no open-market purchases or sales.
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 | 3,418 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units -9 | 6,903 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,418 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,903 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,709 | $44.75 | $255K |
Holdings After Transaction:
Restricted Stock Units -7 — 10,254 contracts (Direct);
Restricted Stock Units -9 — 48,315 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
Tax-withheld shares: 5,709 shares
Tax-withholding price: $44.75/share
RSUs converted (grant 2024): 6,903 units
+2 more
5 metrics
Tax-withheld shares
5,709 shares
Common stock withheld to satisfy tax obligations at $44.75 per share
Tax-withholding price
$44.75/share
Implied value for shares withheld for tax obligations
RSUs converted (grant 2024)
6,903 units
Restricted stock units converting into PayPal common stock
RSUs converted (grant 2025)
3,418 units
Restricted stock units converting into PayPal common stock
Vesting period
3 years
Each RSU grant vests over three years with quarterly installments after year one
Key Terms
restricted stock unit, tax withholding obligations, derivative security, vesting schedule
4 terms
restricted stock unit financial
"The reporting person received a restricted stock unit grant on March 1, 2024, subject to a three-year vesting schedule"
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
"Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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 did PayPal (PYPL) executive Frank Keller report in this Form 4?
Frank Keller reported vesting of restricted stock units that converted into PayPal common shares, plus shares withheld for taxes. These are compensation-related events rather than open-market trades, reflecting standard equity vesting rather than a discretionary stock purchase or sale.
What restricted stock unit activity did PayPal (PYPL) disclose for Frank Keller?
The report shows restricted stock units converting into common stock in two blocks of 6,903 and 3,418 units. Each restricted stock unit represents a contingent right to receive one PayPal common share once vesting conditions under the grant schedules are met.
How are Frank Keller's PayPal restricted stock units structured to vest?
Keller received RSU grants on March 1, 2024 and March 1, 2025, each with a three-year vesting schedule. They vest one-third after one year, then one-twelfth each quarter until the third anniversary, when the award becomes fully vested in PayPal common shares.
Does Frank Keller's PayPal Form 4 show open-market buying or selling?
The transactions reflect RSU vesting, derivative exercises, and tax-withholding dispositions, not open-market buys or sells. Code F indicates shares withheld for taxes, while code M entries show conversion of restricted stock units into PayPal common stock as part of equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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