PayPal (PYPL) president vests 8,504 RSU shares; 4,342 withheld for tax
Rhea-AI Filing Summary
PayPal Holdings, Inc. executive Suzan Kereere reported routine equity compensation activity involving restricted stock units. She exercised 8,504 restricted stock units into the same number of shares of common stock, reflecting vesting of prior awards. To cover tax obligations on this vesting, 4,342 shares were withheld at a price of $45.04 per share rather than sold in the open market. After these transactions, she directly holds 35,145 shares of PayPal common stock and 25,507 restricted stock units that remain outstanding under the vesting schedule described.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units -2 | 8,504 | $0.00 | -- |
| Exercise | Common Stock | 8,504 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,342 | $45.04 | $196K |
Footnotes (1)
- 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 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.
Key Figures
Key Terms
restricted stock units financial
tax withholding obligations financial
derivative exercise/conversion financial
contingent right financial
three-year vesting schedule financial
FAQ
What insider activity did PayPal (PYPL) report for Suzan Kereere?
Suzan Kereere reported routine compensation-related transactions. 8,504 restricted stock units vested into common shares, and 4,342 of those shares were withheld to cover tax obligations at $45.04 per share, leaving her with 35,145 directly held shares and 25,507 unvested units.
What was the size of the restricted stock unit vesting for PayPal (PYPL)?
The vesting involved 8,504 restricted stock units converting into an equal number of PayPal common shares. This reflects one event in a three-year vesting schedule where one-third vests after one year and 1/12 vests quarterly until the third anniversary.
What is the vesting schedule of Suzan Kereere’s PayPal (PYPL) restricted stock units?
The restricted stock units vest over three years: one-third vests on the first anniversary of the grant date, then 1/12 vests on each quarterly anniversary until the third anniversary, when the award becomes fully vested and delivers common shares.