secwatch.observer — SEC 8-K summary
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Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2022-06-17T23:59:59+00:00
Accession:  0001633917-22-000129
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000163391722000129/0001633917-22-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000163391722000129/pypl-20220615.htm
  HTML page:      https://secwatch.observer/filing/0001633917-22-000129

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