PayPal (NASDAQ: PYPL) CEO discloses RSU vesting and tax-share sale
Rhea-AI Filing Summary
PayPal Holdings, Inc. President and CEO James Alexander Chriss reported routine equity compensation activity. On 01/15/2026, 23,281 restricted stock units were converted into shares of PayPal common stock at an exercise price of $0.0, increasing his directly held common stock to 206,127 shares before related tax withholding.
On the same date, 9,724 shares of common stock were withheld at a price of $57.66 per share to cover tax obligations tied to the RSU vesting, leaving Chriss with 196,403 shares of PayPal common stock held directly after these transactions. Following the RSU conversion, he continued to hold 69,838 restricted stock units, each representing a contingent right to receive one share of PayPal common stock under a three-year vesting schedule with quarterly installments after the first year.
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FAQ
What insider activity did PayPal (PYPL) report for its CEO on January 15, 2026?
PayPal reported that President and CEO James Alexander Chriss converted 23,281 restricted stock units into shares of common stock at an exercise price of $0.0, and had 9,724 shares withheld at $57.66 per share to cover tax obligations related to the vesting.
How many PayPal (PYPL) shares does CEO James Chriss hold after the reported Form 4 transactions?
After the reported transactions on 01/15/2026, CEO James Alexander Chriss directly beneficially owned 196,403 shares of PayPal common stock.
What happened to the restricted stock units reported in the PayPal (PYPL) Form 4?
23,281 restricted stock units were converted into an equal number of PayPal common shares at an exercise price of $0.0. The filing also shows that 69,838 restricted stock units remained beneficially owned following the transactions.
Why were 9,724 PayPal (PYPL) shares disposed of in the CEO's Form 4 filing?
The 9,724 shares of PayPal common stock were withheld at a price of $57.66 per share to satisfy tax withholding obligations arising from the vesting of restricted stock units granted to the CEO.
How do PayPal (PYPL) restricted stock units work for the CEO in this filing?
Each restricted stock unit represents a contingent right to receive one share of PayPal common stock. The grant referenced in the filing vests over three years, with one-third vesting on the one-year anniversary of the grant date and the remainder vesting in quarterly installments until the third anniversary.
Is the PayPal (PYPL) CEO’s reported transaction a sale on the open market?
The Form 4 shows shares withheld for taxes in connection with RSU vesting, rather than an open-market discretionary sale. The withholding of 9,724 shares was to meet tax obligations tied to the vesting event.