Director Joy Chik (PYPL) granted 6,275 PayPal shares as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PayPal Holdings, Inc. reported that director Joy Chik acquired 6,275 shares of common stock as a stock payment award. The award was granted under the company’s Independent Director Compensation Policy promptly after the annual meeting of stockholders and is fully vested.
The number of shares granted equals $275,000 divided by PayPal’s closing stock price on the grant date, rounded up to the nearest whole share. Following this compensation grant, Chik directly holds 10,882 shares of PayPal common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chik Joy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,275 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,882 shares (Direct, null)
Footnotes (1)
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Key Figures
Stock award shares: 6,275 shares
Award value basis: $275,000
Price input for calculation: Closing stock price on grant date
+2 more
5 metrics
Stock award shares
6,275 shares
Common stock grant to director Joy Chik on grant date
Award value basis
$275,000
Numerator used to calculate number of shares granted
Price input for calculation
Closing stock price on grant date
Denominator in $275,000 ÷ closing price formula
Post-transaction holdings
10,882 shares
Joy Chik’s direct PayPal common stock holdings after grant
Vesting status
Fully vested
Status of stock payment award under director compensation policy
Key Terms
Independent Director Compensation Policy, fully vested stock payment award, closing stock price, common stock
4 terms
Independent Director Compensation Policy financial
"Pursuant to the Company's Independent Director Compensation Policy, the reporting person has been granted a fully vested stock payment award"
fully vested stock payment award financial
"the reporting person has been granted a fully vested stock payment award for common stock promptly following the Company's annual meeting"
closing stock price financial
"represents the quotient of (A) $275,000 divided by (B) the Company's closing stock price on the date of grant"
common stock financial
"a fully vested stock payment award for common stock promptly following the Company's annual meeting of stockholders"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did PayPal (PYPL) report for director Joy Chik?
PayPal reported that director Joy Chik received a grant of 6,275 shares of common stock as a fully vested stock payment award. This award was issued under the Independent Director Compensation Policy following the company’s annual stockholder meeting and increased her direct holdings to 10,882 shares.
Is Joy Chik’s PayPal (PYPL) stock award fully vested?
Yes, the filing states that Joy Chik was granted a fully vested stock payment award for PayPal common stock. Fully vested means the shares are not subject to additional vesting conditions, and the director has the benefit of the entire award immediately upon grant.
What is the purpose of PayPal’s Independent Director Compensation Policy mentioned in the filing?
The Independent Director Compensation Policy provides for fully vested stock payment awards to independent directors. Under this policy, Joy Chik received common stock equal to $275,000 divided by PayPal’s closing stock price on the grant date, aligning director compensation with equity ownership.