PYPL Insider Filing: Frank Keller RSUs Vest, 3,205 Shares Withheld at $70.19
Rhea-AI Filing Summary
Frank Keller, EVP, GM, Large Enterprise & Merchant Platform at PayPal Holdings, Inc. (PYPL), reported equity transactions dated 09/01/2025. Several restricted stock units (RSUs) vested and were treated as acquisitions: 1,319, 1,055, and 3,418 shares were added to his beneficial ownership under Transaction Code M reflecting vesting events. Concurrently, 3,205 shares were disposed of under Transaction Code F at a price of $70.19 per share to satisfy tax withholding obligations. After these transactions, the reporting person beneficially owned 50,835 shares of PayPal common stock. The filing explains each RSU grant’s original grant dates and three-year vesting schedules; no options or other derivative exercises were reported.
Positive
- RSU vesting reflects continued alignment of executive compensation with shareholder interests through equity incentives
- Substantial retained ownership after transactions: 50,835 shares remain beneficially owned, indicating ongoing executive stake
Negative
- Tax-withholding sale of 3,205 shares at $70.19 reduced the reporting person’s share count
- No additional context provided about the economic impact or percentage ownership change relative to total outstanding shares
Insights
TL;DR Insider received vested RSUs and sold shares solely to cover tax withholding, leaving substantial ownership.
The transactions reflect routine compensation vesting rather than opportunistic trading. Three RSU tranches vested (1,319; 1,055; 3,418 shares), increasing gross holdings, while 3,205 shares were withheld/sold at $70.19 to satisfy tax obligations. The net result is a reported beneficial ownership of 50,835 shares. For investors, this is a standard executive compensation mechanics disclosure and does not signal a change in corporate control or a material strategic shift.
TL;DR The filing documents standard RSU vesting and tax-withholding disposition; governance practices appear routine and transparent.
The Form 4 identifies the reporting person and role, discloses vesting schedules tied to grants from 2023 and 2024, and records share withholding to meet tax liabilities. The use of Transaction Codes M and F is consistent with common practice. The filing is timely, includes an explanation of vesting mechanics, and shows no unusual acceleration or related-party transactions disclosed in this form.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| 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 | Common Stock | 1,319 | $0.00 | -- |
| Exercise | Common Stock | 1,055 | $0.00 | -- |
| Exercise | Common Stock | 3,418 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,205 | $70.19 | $225K |
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 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 (the 'Grant Date'), 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, 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 (the 'Grant Date'), 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.
