IANNONE JAMIE 4
4 · EBAY INC · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
eBay CEO Jamie Iannone Receives RSU Award; Withholds Shares
What Happened
Jamie Iannone, President and CEO of eBay Inc. (EBAY), had a large block of restricted stock units (RSUs) vest on March 15, 2026. A performance award of 326,668 RSUs vested in full (footnote F7) and several smaller RSU tranches also converted to shares (total converted = 364,373 shares). To satisfy tax withholding obligations, 189,868 shares were surrendered/sold at $91.34 per share, producing roughly $17,342,543. After withholding, Iannone retained about 174,505 shares from these vestings. Transaction codes: A = award/grant, M = conversion/exercise of derivative, F = payment of tax liability (withholding).
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely filing).
- Vested/converted to shares: 364,373 total (including 326,668 performance RSUs per F7).
- Shares withheld/sold for taxes (F): 189,868 shares at $91.34 → proceeds ≈ $17,342,543.
- Net shares retained from these vestings: ≈ 174,505 shares.
- Relevant footnotes: F7 = 100% of 326,668 performance RSUs vested 3/15/26; F1–F6 describe prior/time-based RSU schedules.
- Codes explained: M = conversion of derivative/RSU to shares; F = shares transferred/sold to cover tax obligations; A = grant/award.
Context
- These transactions reflect RSU vesting and tax withholding, not an open-market sale driven by investment views. Withholding/surrender of shares to cover taxes is a routine administrative step following vesting (a form of cashless settlement).
- For retail investors: awards (A) are not purchases and do not necessarily indicate insider bullishness or bearishness; they reflect compensation and/or achievement of performance goals.
- No indication in the filing that this was part of a 10b5‑1 plan or a late filing.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-15+8,126→ 207,274 total - Exercise/Conversion
Common Stock
2026-03-15+11,667→ 218,941 total - Exercise/Conversion
Common Stock
2026-03-15+9,264→ 228,205 total - Exercise/Conversion
Common Stock
2026-03-15+8,648→ 236,853 total - Exercise/Conversion
Common Stock
2026-03-15+326,668→ 563,521 total - Tax Payment
Common Stock
2026-03-15$91.34/sh−4,195$383,171→ 559,326 total - Tax Payment
Common Stock
2026-03-15$91.34/sh−6,077$555,073→ 553,249 total - Tax Payment
Common Stock
2026-03-15$91.34/sh−4,873$445,100→ 548,376 total - Tax Payment
Common Stock
2026-03-15$91.34/sh−4,597$419,890→ 543,779 total - Tax Payment
Common Stock
2026-03-15$91.34/sh−170,126$15,539,309→ 373,653 total - Exercise/Conversion
Restricted Stock Units -5
[F1][F2][F3]2026-03-15−8,126→ 0 total→ Common Stock (8,126 underlying) - Exercise/Conversion
Restricted Stock Units -8
[F1][F4][F3]2026-03-15−11,667→ 46,667 total→ Common Stock (11,667 underlying) - Exercise/Conversion
Restricted Stock Units -11
[F1][F5][F3]2026-03-15−9,264→ 74,117 total→ Common Stock (9,264 underlying) - Exercise/Conversion
Restricted Stock Units -13
[F1][F6][F3]2026-03-15−8,648→ 103,776 total→ Common Stock (8,648 underlying) - Award
Restricted Stock Units -14
[F1][F7][F3]2026-03-15+326,668→ 326,668 total→ Common Stock (326,668 underlying) - Exercise/Conversion
Restricted Stock Units -14
[F1][F7][F3]2026-03-15−326,668→ 0 total→ Common Stock (326,668 underlying)
- 109,029(indirect: By GRAT)
Common Stock
- 109,028(indirect: By Spouse)
Common Stock
Footnotes (7)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The reporting person received restricted stock units, 1/16th of which vests on 6/15/22, and an additional 1/16th of which vests each quarter 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.
- [F3]Not Applicable.
- [F4]The reporting person received restricted stock units, 1/16th of which vests on 6/15/23, and an additional 1/16th of which vests each quarter 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.
- [F5]The reporting person received restricted stock units, 1/16th of which vests on 6/15/24, and an additional 1/16th of which vests each quarter 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.
- [F6]The reporting person received restricted stock units, 1/16th of which vests on 6/15/25, and an additional 1/16th of which vests each quarter 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.
- [F7]The reporting person was granted 326,668 restricted stock units as a result of the company's achievement of certain performance criteria during the period from 1/1/23 to 3/15/26, with 100% of the shares vesting on 3/15/26. 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.