Form 4: PayPal Exec Keller Reports Share Vesting, New RSU Grant
Insider Transaction Report
PayPal Holdings, Inc. EVP Frank Keller reported the vesting of performance-based and restricted stock units, along with a new RSU grant, on March 1, 2026.
Summary
- Frank Keller, EVP, GM, Large Ent & Mer Plat. at PayPal Holdings, Inc., reported multiple transactions on March 1, 2026.
- Acquired 32,783 shares of common stock from the vesting of performance-based restricted stock units (PBRSUs) for the 2023-2025 performance period.
- Acquired a total of 33,302 shares of common stock from the vesting of previously granted restricted stock units (RSUs) from 2023, 2024, and 2025 grants.
- Disposed of 36,604 shares of common stock to satisfy tax withholding obligations related to the vesting of PBRSUs and RSUs.
- Received a new grant of 158,536 restricted stock units (RSUs) on March 1, 2026, subject to a three-year vesting schedule.
- Following these transactions, Keller directly beneficially owns 81,148 shares of common stock and 227,426 derivative securities (RSUs).
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive signal, reflecting the achievement of performance targets and ongoing executive retention through equity grants, which aligns management incentives with long-term company success.
Positives
- Frank Keller earned 32,783 shares from performance-based restricted stock units, indicating achievement of company performance targets for 2023-2025.
- Keller received a new grant of 158,536 restricted stock units, aligning his interests with long-term shareholder value.
- The vesting of RSUs and PBRSUs represents compensation for past performance and continued retention of a key executive.
Negatives
- A significant number of shares (36,604) were disposed of to cover tax withholding obligations, which is a common practice but reduces the immediate net share accumulation.
Industry Context
StockSavvy.ai notes that executive equity compensation, including performance-based and restricted stock units, is a standard practice across the technology and financial services industries to incentivize long-term performance and align executive interests with shareholder value. This filing reflects routine compensation mechanisms for a senior executive at a major fintech company.
Stakeholder Impact
- Shareholders: Minimal direct impact on share price. The vesting and new grant align executive interests with long-term shareholder value.
- Management: Frank Keller's compensation package is enhanced, incentivizing continued performance.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Grant date for a restricted stock unit award, subject to a three-year vesting schedule. |
| 03/01/2024 | Grant date for a restricted stock unit award, subject to a three-year vesting schedule. |
| 03/01/2025 | Grant date for a restricted stock unit award, subject to a three-year vesting schedule. |
| 03/01/2026 | Date of earliest transaction, including vesting of PBRSUs and RSUs, and a new RSU grant. |
| 03/03/2026 | Signature date of the reporting person for the Form 4 filing. |
Keywords
PayPal, PYPL, Frank Keller, Insider Transaction, Form 4, Restricted Stock Units, PBRSUs, Executive Compensation, Share Vesting, Equity Grant
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