Form 4: PayPal Executive Jamie Miller Reports Routine Stock Transactions Following RSU Vesting

PayPal Holdings, Inc.'s EVP, Chief Financial and Operations Officer, Jamie S. Miller, reported the acquisition of common stock through restricted stock unit vesting and the subsequent disposition of shares for tax withholding purposes.

Summary

• Jamie S. Miller, EVP, Chief Financial and Operations Officer of PayPal Holdings, Inc. (PYPL), reported transactions on June 15, 2025.
• Miller acquired 9,095 shares of common stock and an additional 2,911 shares of common stock through the vesting of restricted stock units (RSUs).
• Concurrently, 6,130 shares of common stock were disposed of at a price of $70.83 per share to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Miller's direct beneficial ownership of common stock is 35,258 shares.
• The RSUs were originally granted on December 15, 2023, subject to a three-year vesting schedule, with 1/3 vesting on the one-year anniversary of the grant date and 1/12 on each quarterly anniversary thereafter until the third anniversary.

Sentiment

Score: 5

Explanation: The document reports routine, pre-scheduled executive stock transactions related to compensation, which are neutral in terms of company performance or outlook.

Positives

• The vesting of restricted stock units indicates the executive's continued long-term incentive compensation, aligning their interests with shareholders.
• The transactions are part of a pre-defined compensation plan, reflecting stability in executive remuneration.

Negatives

• The disposition of 6,130 shares was solely for tax withholding purposes, which is a common and expected event upon RSU vesting and does not represent a discretionary sale by the executive.

Future Outlook

The document details a pre-scheduled vesting of restricted stock units granted on December 15, 2023, which will continue to vest quarterly until the third anniversary of the grant date.

Industry Context

This Form 4 filing is a routine disclosure of executive compensation-related stock transactions, common across publicly traded companies. It reflects standard practices for incentivizing executives through equity awards and managing tax obligations upon vesting.

Related Party Transactions

• The reported transactions involve the acquisition of shares by a company executive (Jamie S. Miller) through the vesting of restricted stock units and the subsequent disposition of shares to cover tax obligations, which are standard compensation-related dealings between an executive and the company.

Stakeholder Impact

• Shareholders: The vesting of RSUs aligns executive incentives with shareholder value creation. The tax-related disposition is a routine event and does not indicate a change in executive confidence.
• Employees: No direct impact on general employees.
• Customers/Suppliers/Creditors: No direct impact.

Next Steps

• Continued quarterly vesting of the restricted stock units granted on December 15, 2023, until the third anniversary of the grant date.

Key Dates

Keywords

PayPal Holdings Inc, PYPL, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Executive Compensation, Jamie S Miller, Stock Transactions, Tax Withholding