Form 4: PayPal CEO James Chriss Executes Stock Transactions Following Vesting of Restricted Stock Units

PayPal's CEO, James Alexander Chriss, acquired and disposed of company stock following the vesting of restricted stock units, resulting in a net change in his holdings.

Summary

• On January 15, 2025, PayPal CEO James Alexander Chriss acquired 23,280 shares of common stock through the vesting of restricted stock units.
• Simultaneously, 12,193 shares were disposed of to cover tax obligations related to the vesting event at a price of $87.18 per share.
• Following these transactions, Mr. Chriss directly owns 109,150 shares of PayPal common stock.
• He also holds 162,959 restricted stock units, each representing a contingent right to receive one share of PayPal's common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation. There is no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for shares to be sold to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded technology companies like PayPal.
• The vesting schedules and tax withholding practices are generally consistent with industry norms.
• Other companies such as Block (SQ) and Adyen (ADYEN) also use restricted stock units as part of executive compensation packages.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are part of the standard executive compensation plan.

Key Dates

Keywords

PayPal, James Chriss, stock transaction, restricted stock units, vesting, insider trading, executive compensation