PayPal EVP exercises RSUs; shares withheld for tax
PayPal Holdings EVP and Global Chief Risk Officer Aaron Webster reported routine equity compensation activity involving restricted stock units and related tax withholding.
Rhea-AI Filing Summary
PayPal Holdings EVP and Global Chief Risk Officer Aaron Webster reported routine equity compensation activity involving restricted stock units and related tax withholding. He exercised 4,602 restricted stock units into the same number of PayPal common shares, at a stated conversion price of $0.0000 per share.
To cover tax withholding obligations on this vesting, 2,097 common shares were withheld at $44.75 per share, a non-market disposition. After these transactions, he holds 58,616 shares of PayPal common stock directly and 32,210 restricted stock units, which continue to vest under a three-year schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,602 shares exercised/converted
Exercise
3 txns
Insider
Webster Aaron
Role
EVP, Global Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units -4 | 4,602 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,602 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,097 | $44.75 | $94K |
Holdings After Transaction:
Restricted Stock Units -4 — 32,210 contracts (Direct);
Common Stock — 58,616 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 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.
- F4. Not applicable.
Key Figures
RSUs converted: 4,602 shares
Tax withholding shares: 2,097 shares at $44.75
Common shares held: 58,616 shares
+2 more
5 metrics
RSUs converted
4,602 shares
Restricted stock units converted to PayPal common stock
Tax withholding shares
2,097 shares at $44.75
Shares withheld to satisfy tax obligations on vesting
Common shares held
58,616 shares
Direct PayPal common stock ownership after transactions
RSUs outstanding
32,210 units
Restricted stock units remaining after the 4,602-unit conversion
RSU conversion price
$0.0000 per share
Stated conversion/exercise price for RSU-to-share transaction
Key Terms
restricted stock units, tax withholding obligations, contingent right, three-year vesting schedule, +1 more
5 terms
restricted stock units financial
"Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the reporting person."
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 the vesting of shares of restricted stock units granted to the reporting person."
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock."
three-year vesting schedule financial
"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..."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PayPal (PYPL) executive Aaron Webster report in this Form 4?
Aaron Webster reported routine equity compensation activity. He converted 4,602 restricted stock units into PayPal common shares and had 2,097 shares withheld to satisfy tax obligations, reflecting standard vesting and tax settlement rather than an open-market stock trade.
How many restricted stock units does the PayPal EVP still have outstanding?
Following the RSU conversion, Aaron Webster holds 32,210 restricted stock units. Each unit represents a contingent right to receive one share of PayPal common stock, subject to the vesting conditions and schedule described in the accompanying footnotes to the Form 4 filing.
What is the vesting schedule for Aaron Webster’s March 1, 2025 RSU grant at PayPal?
The March 1, 2025 restricted stock unit grant vests over three years. One-third vests on the first anniversary of the grant date, and 1/12 vests on each quarterly anniversary thereafter until the third anniversary, when the grant becomes fully vested in PayPal common shares.
Does this PayPal Form 4 reflect an open-market stock sale by Aaron Webster?
This Form 4 does not show an open-market sale. It reports RSU conversion into common stock and a tax-withholding disposition where 2,097 shares were surrendered to cover taxes, which is a standard, non-market mechanism tied to equity award vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
