secwatch.observer — SEC 8-K summary
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Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0001633917-21-000173
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000163391721000173/0001633917-21-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000163391721000173/pypl-20211110.htm
  HTML page:      https://secwatch.observer/filing/0001633917-21-000173

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