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PayPal Holdings, Inc. — Director's Dealing 2021
Mar 4, 2021
29953_dirs_2021-03-03_8eb5facd-20c1-4f8f-80d5-6b2a2fe39c02.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: SCHULMAN DANIEL H (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-01 | Common Stock | A | 226346 | $0.0 | Acquired | 307460 | Direct |
| 2021-03-01 | Common Stock | F | 112154 | $273.63 | Disposed | 195306 | Direct |
| 2021-03-01 | Common Stock | M | 37723 | $0.0 | Acquired | 233029 | Direct |
| 2021-03-01 | Common Stock | M | 37596 | $0.0 | Acquired | 270625 | Direct |
| 2021-03-01 | Common Stock | M | 29894 | $0.0 | Acquired | 300519 | Direct |
| 2021-03-01 | Common Stock | F | 52134 | $273.63 | Disposed | 248385 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-01 | Restricted Stock Unit - 12 | $ | A | 51404 | Acquired | Common Stock (51404) | Direct | |
| 2021-03-01 | Restricted Stock Units - 11 | $ | M | 29894 | Disposed | Common Stock (29894) | Direct | |
| 2021-03-01 | Restricted Stock Units -10 | $ | M | 37596 | Disposed | Common Stock (37596) | Direct | |
| 2021-03-01 | Restricted Stock Units -9 | $ | M | 37723 | Disposed | Common Stock (37723) | 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.