X0306
4
2019-12-19
0
0001633917
PayPal Holdings, Inc.
PYPL
0001643693
Auerbach Jonathan
C/O PAYPAL HOLDINGS, INC.
2211 NORTH FIRST STREET
SAN JOSE
CA
95131
0
1
0
0
EVP, Chief Stategy Grow & Data
Common Stock
115157
D
Performance Stock Units
0.0
2019-12-19
4
A
0
2403
0.0
A
2022-12-16
Common Stock
2403
2403
D
Non-Qualified Stock Option (right to buy)
37.31
2022-05-15
Common Stock
81498
81498
D
Restricted Stock Units -4
Common Stock
12129
12129
D
Restricted Stock Units -6
Common Stock
16766
16766
D
Restricted Stock Units -7
Common Stock
32226
32226
D
Each performance stock unit represents a contingent right to receive one share of PayPal's common stock. One-half of the performance stock units were earned upon the completion of the acquisition of a 70% equity interest in Guofubao Information Technology Co., Ltd. (GoPay) on December 19, 2019. The other one-half of the performance stock units are earned upon, and subject to, the completion of the acquisition of Honey Sciences Corporation on or before June 30, 2020. To the extent earned, the performance stock units will vest ratably on the first, second and third anniversaries of the December 16, 2019 grant date.
Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
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.
Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
By: Brian Yamasaki For: Jonathan Auerbach
2019-12-23