secwatch.observer — SEC 8-K summary
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Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001193125-24-032073
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

PayPal EVP and Chief Enterprise Services Officer Aaron Karczmer to depart on April 30, 2024
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- Aaron Karczmer, EVP and Chief Enterprise Services Officer, to leave PayPal effective April 30, 2024.
- Departure qualifies as 'Qualifying Termination' under PayPal's Executive Change in Control and Severance Plan.
- Agreement provides severance pay, pro-rata fiscal 2024 AIP bonus, health benefits, equity treatment, and outplacement.
- Karczmer signed separation agreement including release of claims and restrictive covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000119312524032073/0001193125-24-032073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000119312524032073/d782639d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-032073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer