PayPal EVP & Chief Business Affairs Officer Louise Pentland steps down effective Dec 31, 2021

PayPal Holdings, Inc.

Louise Pentland, Executive Vice President, Chief Business Affairs and Legal Officer, departs as executive officer on Dec 31, 2021; separation date July 31, 2022.
Severance includes cash payment of $2,531,250 (1.5x base salary + target incentive), prorated 2022 bonus, accelerated RSU vesting, and 12 months COBRA.
Performance-based RSUs from 2020 will vest based on full-period company performance per award terms.
Remaining equity and medical benefits conditioned on restrictive covenant compliance and attestations.

item 5.02

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Departed

Louise Pentland

Executive Vice President, Chief Business Affairs and Legal Officer

PYPL · PayPal Holdings, Inc.

Effective: 2021-12-31
Filed: November 15, 2021, 6:59 PM ET

On November 15, 2021, PayPal Holdings, Inc. (the “Company”) announced that Louise Pentland, Executive Vice President, Chief Business Affairs and Legal Officer, will be stepping down from her current role and will no longer be classified as a Section 16 officer or executive officer of the Company, effective as of December 31, 2021.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Louise Pentland departed as Executive Vice President, Chief Business Affairs and Legal Officer at PayPal Holdings, Inc..

Action: stepping down
Role: Executive Vice President, Chief Business Affairs and Legal Officer

Exact text from the filing

On November 15, 2021, PayPal Holdings, Inc. (the “Company”) announced that Louise Pentland, Executive Vice President, Chief Business Affairs and Legal Officer, will be stepping down from her current role and will no longer be classified as a Section 16 officer or executive officer of the Company, effective as of December 31, 2021.

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Source: SEC EDGAR

accession 0001633917-21-000173

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