Form 4: PayPal Executive Suzan Kereere Reports Stock Transactions
SEC Form 4 Filing
Suzan Kereere, President of Global Markets at PayPal Holdings, Inc., reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On February 15, 2025, Suzan Kereere, President of Global Markets at PayPal Holdings, Inc., engaged in transactions involving PayPal common stock.
- Kereere vested 61,223 and 34,014 restricted stock units (RSUs), which converted into an equal number of common stock shares.
- A total of 46,754 shares were withheld to cover tax obligations related to the vesting of these RSUs at a price of $77.97 per share.
- Following these transactions, Kereere directly owns 48,483 shares of PayPal common stock and 61,222 and 68,024 restricted stock units.
- The RSUs vest according to two-year and three-year schedules, with portions vesting annually or quarterly.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Future Outlook
The document does not contain any specific forward-looking statements about PayPal's future performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when company insiders, like Suzan Kereere, transact in their company's stock. It provides transparency to the market regarding the trading activities of key personnel.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of stock transactions: vesting of restricted stock units and tax withholding. |
| 02/18/2025 | Date of Form 4 signature. |
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