PayPal's Frank Keller acquires 1,639 vested shares
The April 15, 2024 award follows a three-year schedule, with one-third vesting after a year and one-twelfth quarterly thereafter.
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Rhea-AI Filing Summary
PayPal Holdings, Inc. (PYPL) reports that Frank Keller, listed as Pres., Checkout Sol. & PayPal, acquired 1,639 common shares when 1,639 restricted stock units vested on October 15, 2026. Another 907 common shares were withheld to satisfy tax withholding obligations tied to vesting. The reported post-transaction balance was 3,278 restricted stock units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units -8 F2, F3, F4 | 1,639 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,639 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 907 | $56.10 | $51K |
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 April 15, 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.
- F4. Not applicable.
Key Figures
Key Terms
Restricted Stock Units technical
vesting schedule technical
tax withholding obligations financial
FAQ
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What was Frank Keller's PYPL restricted stock unit vesting schedule?
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