secwatch.observer — SEC 8-K summary
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Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001193125-25-010401
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

PayPal EVP & Chief Product Officer John Kim to depart March 31, 2025
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- John Kim, EVP and Chief Product Officer, to depart PayPal on March 31, 2025.
- Separation Agreement includes severance pay, FY2024 AIP bonus, health benefits, equity treatment, and outplacement services.
- Terms based on PayPal's Executive Change in Control and Severance Plan for a Qualifying Termination.
- Departure requires release of claims and ongoing compliance with restrictive covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000119312525010401/0001193125-25-010401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000119312525010401/d929750d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-010401

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