Form 4: PayPal Executive Jamie S. Miller Reports Stock Transactions
SEC Form 4
EVP, Chief Fin & Op Officer of PayPal Holdings, Jamie S. Miller, reports the vesting and disposal of restricted stock units to cover tax obligations, resulting in adjustments to their holdings.
Summary
- Jamie S. Miller, EVP, Chief Fin & Op Officer of PayPal Holdings, reported transactions involving PayPal common stock on March 15, 2025.
- These transactions involved the vesting of 9,096 and 2,911 restricted stock units, which convert into shares of common stock.
- A total of 6,131 shares were disposed of to satisfy tax withholding obligations at a price of $68.95 per share.
- Following these transactions, Miller directly owns 29,382 shares of common stock and 84,031 restricted stock units.
- The restricted stock units vest over a three-year schedule from a grant date of December 15, 2023.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's overall performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It reflects part of the executive's compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent routine executive compensation activities.
- There is no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/15/2023 | Restricted stock unit grant date, subject to a three-year vesting schedule. |
| 03/15/2025 | Date of transaction: vesting of restricted stock units and disposal of shares for tax obligations. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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