PayPal (PYPL) director Ann Sarnoff receives $275,000 stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sarnoff Ann reported acquisition or exercise transactions in this Form 4 filing.
PayPal Holdings, Inc. director Ann Sarnoff received a grant of 6,275 shares of common stock as compensation. This fully vested stock payment was made under the company’s Independent Director Compensation Policy, promptly following the annual meeting of stockholders. After this award, she directly holds 38,142 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sarnoff Ann
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,275 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 38,142 shares (Direct, null)
Footnotes (1)
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Key Figures
Stock award shares: 6,275 shares
Award reference value: $275,000
Shares held after grant: 38,142 shares
3 metrics
Stock award shares
6,275 shares
Fully vested stock payment award to Ann Sarnoff
Award reference value
$275,000
Amount divided by closing stock price to determine shares
Shares held after grant
38,142 shares
Ann Sarnoff’s direct PayPal holdings post-transaction
Key Terms
Independent Director Compensation Policy, fully vested stock payment award, annual meeting of stockholders, transaction code A
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"
annual meeting of stockholders financial
"a fully vested stock payment award for common stock promptly following the Company's annual meeting of stockholders"
transaction code A financial
"transaction_code": "A" ... "transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did PayPal (PYPL) director Ann Sarnoff report in this Form 4?
Ann Sarnoff reported receiving 6,275 shares of PayPal common stock as a fully vested stock payment award. This grant was made under the Independent Director Compensation Policy following the company’s annual meeting of stockholders and increased her direct holdings to 38,142 shares.
What is the disclosed value of Ann Sarnoff’s PayPal director stock award?
The award’s value is based on $275,000, divided by PayPal’s closing stock price on the grant date. The resulting share count, rounded up to the nearest whole share, produced the 6,275 shares of common stock disclosed in the Form 4 filing.
Was Ann Sarnoff’s PayPal stock grant an open-market purchase or compensation?
The transaction was compensation, not an open-market purchase. The Form 4 shows transaction code A, a grant or award, and the footnote explains it as a fully vested stock payment award under PayPal’s Independent Director Compensation Policy after the annual meeting.