---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-212353"
form_type: "8-K"
ticker: "PYPL"
cik: "0001633917"
company_name: "PayPal Holdings, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T11:23:41.338461+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PayPal names Intuit exec Alex Chriss as CEO, effective Sept 27, 2023

## Summary
- Alex Chriss, former Intuit SVP & GM of Small Business, appointed President & CEO, effective Sept 27, 2023; also joins Board.
- Dan Schulman resigns as CEO on Sept 27 but remains on Board until May 2024 annual meeting.
- Compensation: $1.25M base salary, 200% target bonus, plus equity grants totaling ~$43.75M in RSUs and PBRSUs.
- Chriss led Intuit's $12B Mailchimp acquisition and grew Small Business revenue 23% CAGR over 5 years.
- Board search committee unanimously supports Chriss; process was thorough and months-long.

## SEC filing metadata
- accession: 0001193125-23-212353
- form_type: 8-K
- ticker: PYPL
- cik: 0001633917
- company_name: PayPal Holdings, Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633917/000119312523212353/0001193125-23-212353-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633917/000119312523212353/d475247d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-212353
- JSON: https://secwatch.observer/filing/0001193125-23-212353.json
- Plain text: https://secwatch.observer/filing/0001193125-23-212353.txt

## Key facts
- Executive change
  Alex Chriss was appointed as Director at PayPal Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: Mr. Chriss was also appointed as a member of the Board, effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633917/000119312523212353/0001193125-23-212353-index.htm
- Executive change
  Alex Chriss was appointed as President and Chief Executive Officer at PayPal Holdings, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: appointed Alex Chriss as President and Chief Executive Officer of the Company (“CEO”), effective as of September 27, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633917/000119312523212353/0001193125-23-212353-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.