0001633917-23-000052.txt : 20230303
0001633917-23-000052.hdr.sgml : 20230303
20230303175519
ACCESSION NUMBER: 0001633917-23-000052
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230301
FILED AS OF DATE: 20230303
DATE AS OF CHANGE: 20230303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SCHULMAN DANIEL H
CENTRAL INDEX KEY: 0001215315
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36859
FILM NUMBER: 23706324
MAIL ADDRESS:
STREET 1: C/O PAYPAL HOLDINGS, INC.
STREET 2: 2211 NORTH FIRST STREET
CITY: SAN JOSE
STATE: CA
ZIP: 95131
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PayPal Holdings, Inc.
CENTRAL INDEX KEY: 0001633917
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 472989869
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2211 NORTH FIRST STREET
CITY: SAN JOSE
STATE: CA
ZIP: 95131
BUSINESS PHONE: (408) 967-1000
MAIL ADDRESS:
STREET 1: 2211 NORTH FIRST STREET
CITY: SAN JOSE
STATE: CA
ZIP: 95131
4
1
edgardoc.xml
PRIMARY DOCUMENT
X0306
4
2023-03-01
0
0001633917
PayPal Holdings, Inc.
PYPL
0001215315
SCHULMAN DANIEL H
C/O PAYPAL HOLDINGS, INC.
2211 NORTH FIRST STREET
SAN JOSE
CA
95131
1
1
0
0
President and CEO
Common Stock
2023-03-01
4
A
0
130034
0.0
A
522261
D
Common Stock
2023-03-01
4
F
0
62534
73.82
D
459727
D
Common Stock
2023-03-01
4
M
0
29892
0.0
A
489619
D
Common Stock
2023-03-01
4
M
0
17134
0.0
A
506753
D
Common Stock
2023-03-01
4
M
0
29466
0.0
A
536219
D
Common Stock
2023-03-01
4
F
0
37982
73.82
D
498237
D
Restricted Stock Unit - 12
2023-03-01
4
M
0
17134
0.0
D
Common Stock
17134
17134
D
Restricted Stock Unit - 13
2023-03-01
4
M
0
29466
0.0
D
Common Stock
29466
58930
D
Restricted Stock Unit - 14
2023-03-01
4
A
0
76014
0.0
A
Common Stock
76014
76014
D
Restricted Stock Units - 11
2023-03-01
4
M
0
29892
0.0
D
Common Stock
29892
0
D
Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2020-2022 performance period, which were vested as shares of common stock on 3/1/2023.
Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
Not applicable.
The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 1/3 on the one year anniversary of the grant date of the restricted stock unit award (the 'Grant Date'), and 1/12 on each quarterly anniversary of the Grant Date thereafter until the third anniversary of the Grant Date, on which date the grant shall be fully vested. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
Amount of securities beneficially owned following reported transaction in the first row of Table 1 reflects a transfer of the pecuniary interest in certain shares in a transaction exempt from Section 16 pursuant to Rule 16a-12.
By: Brian Yamasaki For: Daniel H Schulman
2023-03-03