---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-035860"
form_type: "8-K"
ticker: "PYPL"
cik: "0001633917"
company_name: "PayPal Holdings, Inc."
filed_at: "2026-02-03T23:59:59+00:00"
generated_at: "2026-05-16T05:20:21.415912+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PayPal CEO Alex Chriss resigns; Enrique Lores (ex-HP CEO) appointed effective March 1

## Summary
- Alex Chriss resigns as CEO and board member effective Feb 2; Enrique Lores appointed President/CEO effective March 1, 2026.
- Jamie Miller, CFO and COO, named Interim CEO effective immediately until Lores assumes role.
- Board states pace of change and execution did not meet expectations, necessitating leadership change.
- Lores gets $1.45M base, 200% bonus target, $20M make-whole RSUs (3-year vest), $16.5M annual RSUs/PSUs, $25M one-time PSU.
- Chriss eligible for severance per Executive Severance Plan; Miller receives $3M cash retention award vesting 67% in 2027, 33% in 2028.

## SEC filing metadata
- accession: 0001193125-26-035860
- form_type: 8-K
- ticker: PYPL
- cik: 0001633917
- company_name: PayPal Holdings, Inc.
- filed_at: 2026-02-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633917/000119312526035860/0001193125-26-035860-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633917/000119312526035860/d68718d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-035860
- JSON: https://secwatch.observer/filing/0001193125-26-035860.json
- Plain text: https://secwatch.observer/filing/0001193125-26-035860.txt

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