Form 4: PayPal EVP's RSU Vesting and New Equity Grant

PayPal's EVP, Chief Financial and Operations Officer, Jamie S. Miller, reported the vesting of 29,656 restricted stock units and a new grant of 176,151 restricted stock units.

Summary

• Jamie S. Miller, EVP, Chief Financial and Operations Officer of PayPal Holdings, Inc., reported transactions on March 1, 2026.
• 29,656 shares of common stock were acquired upon the vesting of restricted stock units (RSUs) from a grant made on March 1, 2025.
• 15,140 shares of common stock were disposed of to satisfy tax withholding obligations related to the RSU vesting.
• A new grant of 176,151 restricted stock units was received on March 1, 2026.
• Following these transactions, Jamie S. Miller directly beneficially owns 61,524 shares of common stock and 176,151 restricted stock units from the new grant, in addition to 59,308 restricted stock units remaining from the prior grant.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine and positive event for the executive, reflecting ongoing compensation and alignment with shareholder interests, with no direct impact on the company's operational performance.

Positives

• The reporting person received a new grant of 176,151 restricted stock units, indicating continued long-term incentive and alignment with company performance.
• The vesting of 29,656 restricted stock units represents a realization of previously awarded equity compensation.

Negatives

• 15,140 shares were withheld to cover tax obligations, resulting in a reduction of directly held common stock.

Future Outlook

The newly granted 176,151 restricted stock units on March 1, 2026, are subject to a three-year vesting schedule, with 1/3 vesting on the one-year anniversary of the grant date (March 1, 2027) and 1/12 vesting on each quarterly anniversary thereafter until the third anniversary.

Industry Context

StockSavvy.ai notes that the granting and vesting of Restricted Stock Units (RSUs) are standard components of executive compensation packages across the technology and financial services industries, designed to align executive interests with long-term shareholder value.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) with multi-year vesting schedules is a common practice in executive compensation, comparable to equity incentive programs at companies like Visa, Mastercard, and Block (formerly Square).
• The withholding of shares for tax obligations upon vesting is a standard procedure, consistent with practices observed across publicly traded companies to manage executive tax liabilities on equity compensation.

Stakeholder Impact

• Shareholders: The RSU grants and vesting represent standard executive compensation, which results in minor dilution over time but aims to align executive incentives with long-term shareholder value.
• Executive (Jamie S. Miller): Benefits from the vesting of previously earned equity and the receipt of new long-term incentive compensation.

Next Steps

• The next vesting event for the 176,151 RSU grant will occur on March 1, 2027, when 1/3 of the units are scheduled to vest.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events (RSU vesting and new grants) and does not provide new material information regarding the company's financial performance or strategic direction that would warrant a change in investment recommendation. It is a standard disclosure of insider transactions.

Keywords

PayPal, PYPL, Jamie S Miller, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Equity Grant, Stock Vesting