X0306
4
2019-07-17
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
2019-07-17
4
M
0
3810
0.0
A
497631
D
Common Stock
2019-07-17
4
F
0
1888
118.81
D
495743
D
Restricted Stock Units -4
2019-07-17
4
M
0
3810
0.0
D
Common Stock
3810
0
D
Non-Qualified Stock Option (right to buy)
35.88
2022-04-01
Common Stock
70234
70234
D
Non-Qualified Stock Option (right to buy)
41.64
2022-07-17
Common Stock
30485
30485
D
Performance Stock Units
2023-04-01
Common Stock
379110
379110
D
Restricted Stock Units -10
Common Stock
112790
112790
D
Restricted Stock Units -6
Common Stock
60646
60646
D
Restricted Stock Units -9
Common Stock
75447
75447
D
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 restricted stock units subject to a four-year vesting schedule, vesting 25% on 07/17/16 and 25% each year thereafter. 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 option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
The option grant is subject to a four-year vesting schedule, vesting 12.5% on 01/17/16 and 1/48th per month thereafter.
Each performance stock unit represents a contingent right to receive one share of PayPal's common stock. One-half of the performance stock units are earned upon PayPal common stock achieving an average closing price per share of $105 or higher for 90 consecutive trading days during the five-year performance period. The other one-half of the performance stock units are earned upon PayPal common stock achieving an average closing price per share of $125 or higher for 90 consecutive trading days during the five-year performance period. If earned, the performance stock units will, subject to certain exceptions, vest ratably on the third, fourth and fifth anniversaries of the grant date. Any performance stock unit that has not been earned and vested as of the fifth anniversary of the grant date will be forfeited.
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.
By: Brian Yamasaki For: Daniel H. Schulman
2019-07-18