PayPal director receives 6,275-share stock award
PayPal Holdings, Inc. reported that director Joy Chik acquired 6,275 shares of common stock as a stock payment award.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,275 | $0.00 | $0.00 |
Footnotes (1)
- F1. Pursuant to the Company's Independent Director Compensation Policy, the reporting person has been granted a fully vested stock payment award for common stock promptly following the Company's annual meeting of stockholders. The number of shares of common stock granted represents the quotient of (A) $275,000 divided by (B) the Company's closing stock price on the date of grant, rounded up to the nearest whole share of common stock.
Key Figures
Key Terms
Independent Director Compensation Policy financial
fully vested stock payment award financial
closing stock price financial
common stock financial
FAQ
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What insider transaction did PayPal (PYPL) report for director Joy Chik?
Is Joy Chik’s PayPal (PYPL) stock award fully vested?
What is the purpose of PayPal’s Independent Director Compensation Policy mentioned in the filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.