Form 4: PayPal Director David M. Moffett Receives Stock Award

Director David M. Moffett received 4,422 shares of PayPal common stock as a fully vested stock payment award.

Summary

• On May 22, 2024, David M. Moffett, a director of PayPal Holdings, Inc., acquired 4,422 shares of common stock.
• The acquisition was a fully vested stock payment award.
• The price per share was $0.0.
• Following the transaction, Moffett beneficially owns 67,227 shares of PayPal common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation practice, indicating stable corporate governance. The sentiment is neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The stock award aligns the director's interests with those of the shareholders.
• The fully vested nature of the award provides immediate ownership and benefit to the director.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Management Comments

• The reporting person has received a fully vested stock payment award for shares of the Company common stock.
• Pursuant to the Company's Independent Director Compensation Policy, the reporting person has been granted a fully vested stock payment award for common stock promptly following the Company's annual meeting of stockholders.
• The number of shares of common stock granted represents the quotient of (A) $275,000 divided by (B) the Company's closing stock price on the date of grant, rounded up to the nearest whole share of common stock.

Industry Context

Director compensation through stock awards is a common practice in the industry to align the interests of directors with those of shareholders. The specific amount and vesting schedule can vary based on company size, performance, and industry norms.

Comparison to Industry Standards

• Stock awards are a typical component of director compensation packages in publicly traded companies.
• Companies like Visa, Mastercard, and Block also use stock awards as part of their director compensation.
• The value of the award ($275,000) is within a reasonable range for directors of companies with a similar market capitalization to PayPal.

Stakeholder Impact

• The stock award aligns the director's interests with those of the shareholders, potentially leading to better decision-making for the company.
• The award does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates