secwatch.observer — SEC 8-K summary
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Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001193125-26-035860
Event type: leadership
Sentiment:  neutral
Materiality: 0.85
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000119312526035860/0001193125-26-035860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000119312526035860/d68718d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-035860

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