Form 4: PayPal Executive Michelle Gill Reports Stock Transactions
SEC Form 4
EVP Michelle Gill reports the vesting and subsequent sale of PayPal stock to cover tax obligations.
Summary
- Michelle Gill, an EVP at PayPal Holdings, Inc., reported transactions involving PayPal common stock on March 15, 2025.
- These transactions involved the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax obligations.
- Specifically, 9,096 RSUs vested, and 2,911 RSUs vested.
- A total of 6,098 shares were withheld to satisfy tax obligations at a price of $68.95 per share.
- Following these transactions, Gill directly owns 30,120 shares of common stock and 63,660 and 20,371 restricted stock units.
- The RSUs vest according to a three-year schedule from the grant date of December 15, 2023.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock transactions, with no particularly positive or negative implications.
Industry Context
Executive stock transactions are a normal part of corporate governance and are regularly monitored by investors to gauge executive sentiment and potential future company performance. These transactions are publicly disclosed to ensure transparency.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting and sale of shares already allocated for executive compensation.
- Employees may be interested in the details of executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 12/15/2023 | Restricted stock unit grant date, subject to a three-year vesting schedule. |
| 03/15/2025 | Date of stock transactions: vesting of RSUs and withholding of shares for taxes. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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