PayPal (PYPL) EVP Frank Keller awarded RSUs and reports tax-share withholdings
Rhea-AI Filing Summary
PayPal Holdings EVP Frank Keller reported several equity-compensation transactions dated March 1, 2026. He received a grant of 158,536 restricted stock units, each representing one future share of common stock, plus a grant of 32,783 shares of common stock. Multiple earlier restricted stock unit awards vested and were converted into common stock, while 18,130 and 18,474 shares were withheld to cover tax obligations on these vestings. After these transactions, Keller directly owned 81,148 shares of PayPal common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units -10 | 158,536 | $0.00 | -- |
| Exercise | Restricted Stock Units -4 | 1,319 | $0.00 | -- |
| Exercise | Restricted Stock Units -5 | 1,055 | $0.00 | -- |
| Exercise | Restricted Stock Units -7 | 3,418 | $0.00 | -- |
| Exercise | Restricted Stock Units -9 | 27,610 | $0.00 | -- |
| Grant/Award | Common Stock | 32,783 | $0.00 | -- |
| Tax Withholding | Common Stock | 18,130 | $0.00 | -- |
| Exercise | Common Stock | 1,319 | $0.00 | -- |
| Exercise | Common Stock | 1,055 | $0.00 | -- |
| Exercise | Common Stock | 3,418 | $0.00 | -- |
| Exercise | Common Stock | 27,610 | $0.00 | -- |
| Tax Withholding | Common Stock | 18,474 | $0.00 | -- |
Footnotes (1)
- Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2023-2025 performance period, which were vested as shares of common stock on 3/1/2026. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 3/1/2026. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. The reporting person received a restricted stock unit grant on March 1, 2026, 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. Not applicable. The reporting person received a restricted stock unit grant on March 1, 2023, 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. 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. 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.
FAQ
What did PayPal (PYPL) executive Frank Keller report in this Form 4?
Frank Keller reported grants, vesting, and tax-related share withholdings. He received restricted stock units and common stock, had prior equity awards vest into shares, and some shares were withheld to satisfy tax obligations related to those vestings.
How many restricted stock units did Frank Keller receive from PayPal (PYPL)?
Frank Keller received a grant of 158,536 restricted stock units. Each unit represents a contingent right to receive one share of PayPal common stock, subject to a three-year vesting schedule beginning on March 1, 2026, with quarterly vesting after the first year.
What performance period was tied to Frank Keller’s PayPal (PYPL) PBRSUs?
The performance-based restricted stock units were tied to PayPal’s achievement of certain performance targets for the 2023–2025 performance period. Shares earned under these PBRSUs vested as common stock on March 1, 2026, according to the filing footnotes.
How do Frank Keller’s PayPal (PYPL) restricted stock units vest over time?
The restricted stock units granted on March 1, 2026 vest over three years: one-third vests on the one-year anniversary of the grant, then one-twelfth vests on each quarterly anniversary until the third anniversary, when the award becomes fully vested.