Form 4: PayPal Executive's RSU Vesting & Tax Withholding
Insider Transaction Report
PayPal's EVP, Chief Financial & Operations Officer, Jamie S. Miller, reported the vesting of restricted stock units and subsequent tax-related share withholding.
Summary
- Jamie S. Miller, Executive Vice President, Chief Financial and Operations Officer of PayPal Holdings, Inc. (PYPL), reported transactions related to her equity holdings.
- On September 15, 2025, Miller acquired 9,094 shares of common stock upon the vesting of Restricted Stock Units (RSU-1).
- On the same date, Miller acquired an additional 2,910 shares of common stock upon the vesting of Restricted Stock Units (RSU-2).
- A total of 6,129 shares of common stock were disposed of at a price of $66.89 per share to satisfy tax withholding obligations related to the RSU vesting.
- Following these transactions, Miller beneficially owns 41,133 shares of PayPal common stock.
- Miller also holds 45,471 Restricted Stock Units (RSU-1) and 14,550 Restricted Stock Units (RSU-2) that have not yet vested.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction related to executive compensation (RSU vesting and tax withholding), which is a neutral event and does not indicate any significant positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
The Restricted Stock Units granted on December 15, 2023, are subject to a three-year vesting schedule, with 1/3 vesting on the one-year anniversary of the grant date, and 1/12 vesting on each quarterly anniversary thereafter until the third anniversary.
Industry Context
This filing represents a routine insider transaction common in executive compensation packages across publicly traded companies, where Restricted Stock Units vest over time and a portion of the shares are typically withheld to cover tax liabilities.
Stakeholder Impact
- Shareholders: The transaction is a routine part of executive compensation and has a minimal, non-material impact on overall share dilution or ownership structure.
- Employees: Reflects standard equity compensation practices for executives.
Next Steps
- Future vesting events for the remaining Restricted Stock Units will occur quarterly until the third anniversary of the December 15, 2023 grant date.
Key Dates
| Date | Description |
|---|---|
| 12/15/2023 | Grant date of the Restricted Stock Unit award to the Reporting Person. |
| 09/15/2025 | Date of reported transactions, including RSU vesting and tax withholding. |
Keywords
PayPal, PYPL, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Share Withholding
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