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PayPal Holdings, Inc. — Director's Dealing 2021
Mar 4, 2021
29953_dirs_2021-03-03_9dce5fd2-40c6-47bb-b06f-520818dc4549.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PayPal Holdings, Inc. (PYPL)
CIK: 0001633917
Period of Report: 2021-03-01
Reporting Person: Pentland Adele Louise (EVP, Chief Bus. Aff. & Legal O)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-01 | Common Stock | A | 100600 | $0.0 | Acquired | 153507 | Direct |
| 2021-03-01 | Common Stock | F | 44213 | $273.63 | Disposed | 109294 | Direct |
| 2021-03-01 | Common Stock | M | 16766 | $0.0 | Acquired | 126060 | Direct |
| 2021-03-01 | Common Stock | M | 16113 | $0.0 | Acquired | 142173 | Direct |
| 2021-03-01 | Common Stock | M | 12812 | $0.0 | Acquired | 154985 | Direct |
| 2021-03-01 | Common Stock | F | 19039 | $273.63 | Disposed | 135946 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-01 | Restricted Stock Units -6 | $ | M | 16766 | Disposed | Common Stock (16766) | Direct | |
| 2021-03-01 | Restricted Stock Units -7 | $ | M | 16113 | Disposed | Common Stock (16113) | Direct | |
| 2021-03-01 | Restricted Stock Units -8 | $ | M | 12812 | Disposed | Common Stock (12812) | Direct | |
| 2021-03-01 | Restricted Stock Units -9 | $ | A | 19039 | Acquired | Common Stock (19039) | Direct |
Footnotes
F1: Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2018-2020 performance period, which were vested as shares of common stock on 3/1/2021.
F2: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 3/1/2021.
F3: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
F4: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F5: 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.
F6: Not applicable.