PayPal EVP Peggy Alford to depart Jan 31; separation agreement signed

PayPal Holdings, Inc.

Peggy Alford, EVP Global Sales and Merchant Services, is leaving PayPal effective January 31, 2024.
Separation Agreement provides severance, FY2023 AIP bonus, pro-rata FY2024 AIP, continued equity vesting, and health benefits.
Agreement includes release of claims and compliance with restrictive covenants.

item 5.02

Executive movements

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Departed

Peggy Alford

Executive Vice President, Global Sales and Merchant Services

PYPL · PayPal Holdings, Inc.

Effective: 2024-01-31
Filed: January 8, 2024, 6:59 PM ET

The Agreement was entered into in connection with Ms. Alford’s upcoming departure from the Company on January 31, 2024, which was announced on December 6, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Peggy Alford departed as Executive Vice President, Global Sales and Merchant Services at PayPal Holdings, Inc..

Action: departed
Role: Executive Vice President, Global Sales and Merchant Services

Exact text from the filing

The Agreement was entered into in connection with Ms. Alford’s upcoming departure from the Company on January 31, 2024, which was announced on December 6, 2023.

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Source: SEC EDGAR

accession 0001193125-24-004471

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