secwatch.observer — SEC 8-K summary
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Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001193125-23-206286
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

PayPal EVP Chief Strategy Officer Jonathan Auerbach to depart June 1, 2024; advisor role starting Jan 1, 2024
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- Auerbach will cease as EVP Chief Strategy, Growth and Data Officer on Dec 31, 2023.
- He will remain as advisor through June 1, 2024; compensation unchanged during advisory period.
- Departure is not due to any dispute or disagreement with the company.
- Auerbach qualifies for severance, health benefits, and equity vesting under the company's Severance Plan.
- Separation agreement signed Aug 4, 2023; includes release of claims and restrictive covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000119312523206286/0001193125-23-206286-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000119312523206286/d405271d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-206286

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