PayPal appoints Gabrielle Rabinovitch interim CFO; grants $3M equity and $1M cash bonus

PayPal Holdings, Inc.

Rabinovitch appointed interim CFO effective May 23, 2022, succeeding departing CFO John Rainey.
Service-based RSU of $1.5M (grant date value) vesting over three years.
Performance-based RSU of $1.5M target value vesting March 2025 based on 2022-2024 performance.
Cash retention bonus of $1M: $500K paid shortly after agreement, $500K after permanent CFO starts or March 2023.
Eligible for EVP-level severance during transition period; returns to SVP level after permanent CFO's 6-month anniversary.

item 5.02 item 9.01

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Appointed (interim)

Gabrielle Rabinovitch

interim Chief Financial Officer

PYPL · PayPal Holdings, Inc.

Filed: June 17, 2022, 7:59 PM ET

in connection with Ms. Rabinovitch’s previously announced appointment as the Company’s interim Chief Financial Officer

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Gabrielle Rabinovitch was appointed as interim Chief Financial Officer at PayPal Holdings, Inc..

Action: appointed
Role: interim Chief Financial Officer

Exact text from the filing

in connection with Ms. Rabinovitch’s previously announced appointment as the Company’s interim Chief Financial Officer

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PayPal Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001633917-22-000129

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