secwatch.observer — SEC 8-K summary
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Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0001193125-23-302230
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PayPal SVP IR Gabrielle Rabinovitch to depart Jan 31, 2024 under transition agreement
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- Rabinovitch will step down as SVP IR effective Dec 31, 2023, then provide part-time transition services through Jan 31, 2024.
- She will receive a $150,000 lump sum for transition services and a $234,375 cash bonus for 2023 AIP at target.
- AIP PBRSUs vest in Feb 2024; time-based RSUs vest on departure; pre-March 2023 PBRSUs remain eligible; March 2023 PBRSUs forfeited.
- Agreement includes non-solicitation, confidentiality, and non-disparagement covenants through vesting periods.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000119312523302230/0001193125-23-302230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000119312523302230/d538539d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-302230

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