Form 4: PayPal EVP Reports RSU Vesting and Tax-Related Share Sale

PayPal Executive Vice President Michelle Gill reported the vesting of restricted stock units and subsequent disposition of shares for tax obligations.

Summary

• Michelle Gill, EVP, GM, SMB & Financial Svcs at PayPal Holdings, Inc., reported transactions on September 15, 2025.
• Acquired 9,094 shares of common stock upon the vesting of Restricted Stock Units (RSUs).
• Acquired an additional 2,910 shares of common stock from another RSU vesting event.
• Disposed of 5,952 shares of common stock at a price of $66.89 per share to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, direct beneficial ownership of common stock is 42,224 shares.
• Remaining derivative securities (RSUs) beneficially owned are 45,471 and 14,550.
• The RSUs were granted on December 15, 2023, with a three-year vesting schedule: 1/3 on the one-year anniversary, then 1/12 quarterly until the third anniversary.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation and tax obligations, which is a neutral event for company performance.

Positives

• The vesting of Restricted Stock Units represents the realization of compensation for the reporting person, indicating continued alignment of executive incentives with company performance.

Negatives

• A portion of the vested shares (5,952 shares) was disposed of to cover tax withholding obligations, resulting in a reduction of direct beneficial ownership.

Future Outlook

The filing details a pre-established vesting schedule for Restricted Stock Units, with future vesting events occurring quarterly until the third anniversary of the grant date (December 15, 2026).

Industry Context

This is a routine insider transaction report (Form 4) for an executive at a major financial technology company. Such filings are standard disclosures for publicly traded companies and reflect executive compensation structures, typically involving equity awards like Restricted Stock Units.

Stakeholder Impact

• Shareholders: Provides transparency into executive equity ownership and compensation, which is a standard aspect of corporate governance.
• Employees: Reflects the company's executive compensation practices, which often include equity awards.

Next Steps

• Future quarterly vesting of the remaining Restricted Stock Units until the third anniversary of the grant date (December 15, 2026).

Key Dates

Keywords

PayPal, PYPL, Michelle Gill, Restricted Stock Units, RSU vesting, insider transaction, Form 4, executive compensation, stock disposition