Miller Jamie S 4
4 · PayPal Holdings, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
PayPal (PYPL) EVP Jamie S. Miller Receives RSUs; 6,129 Shares Withheld
What Happened
- Jamie S. Miller, EVP and Chief Fin & Op Officer of PayPal (PYPL), had restricted stock units (RSUs) vest and convert into 12,005 shares on March 15, 2026. To satisfy tax withholding, 6,129 of those shares were withheld at $44.90 per share, equal to $275,192. The net shares delivered to Miller were 5,876.
Key Details
- Transaction date: 2026-03-15 (reported on Form 4 filed 2026-03-17).
- Vesting/conversion: 9,095 + 2,910 RSUs converted to 12,005 shares (exercise/conversion code M; acquisition at $0 since these were RSUs).
- Tax withholding: 6,129 shares withheld (code F) at $44.90/share = $275,192 cash value.
- Net shares received by insider: 5,876 shares.
- Footnotes: F1 = shares withheld to satisfy tax withholding; F2 = each RSU equals one share; F3 = RSU grant dated Dec 15, 2023 with a three-year vesting schedule. F4 = Not applicable.
- Shares owned after transaction: Not disclosed in this filing.
- Timeliness: Filed two days after the transaction date (appears timely under Section 16 reporting rules).
Context
- These transactions reflect routine RSU vesting and share-withholding to cover taxes (a common "cashless" withholding mechanism), not an open-market sale or purchase. Vesting-related share acquisitions indicate compensation crystallizing rather than a direct market bet by the insider.
Insider Transaction Report
Form 4
Miller Jamie S
EVP, Chief Fin & Op Officer
Transactions
- Exercise/Conversion
Common Stock
2026-03-15+9,095→ 70,619 total - Exercise/Conversion
Common Stock
2026-03-15+2,910→ 73,529 total - Tax Payment
Common Stock
[F1]2026-03-15$44.90/sh−6,129$275,192→ 67,400 total - Exercise/Conversion
Restricted Stock Units -1
[F2][F3][F4]2026-03-15−9,095→ 27,282 total→ Common Stock (9,095 underlying) - Exercise/Conversion
Restricted Stock Units -2
[F2][F3][F4]2026-03-15−2,910→ 8,730 total→ Common Stock (2,910 underlying)
Footnotes (4)
- [F1]Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the reporting person.
- [F2]Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- [F3]The reporting person received a restricted stock unit grant on December 15, 2023, subject to a three-year vesting schedule, vesting 1/3 on the one year anniversary of the grant date of the restricted stock unit award, and 1/12 on each quarterly anniversary of the grant date thereafter until the third anniversary of the grant date, on which date the grant shall be fully vested. 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.
- [F4]Not applicable.
Signature
By: Brian Yamasaki For: Jamie S Miller|2026-03-17