{"schema_version":"secwatch.filing_event.v1","accession":"0001633917-23-000038","form_type":"8-K/A","ticker":"PYPL","cik":"0001633917","company_name":"PayPal Holdings, Inc.","filed_at":"2023-02-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.935373+00:00","generated_at":"2026-06-19T09:32:43.658098+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"PayPal enters separation agreement with former CPO Mark Britto; severance details disclosed","bullets":["Mark Britto to depart Feb 28, 2023; John Kim appointed CPO effective Sep 26, 2022.","Severance includes cash payment of $2,531,250 (1.5x base salary + target incentive).","Prorated 2023 bonus based on actual company performance; accelerated vesting of pre-July 2021 RSUs.","COBRA coverage for 12 months; additional vesting subject to restrictive covenants compliance."],"urls":{"canonical":"https://secwatch.observer/filing/0001633917-23-000038","json":"https://secwatch.observer/filing/0001633917-23-000038.json","markdown":"https://secwatch.observer/filing/0001633917-23-000038.md","text":"https://secwatch.observer/filing/0001633917-23-000038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1633917/000163391723000038/0001633917-23-000038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1633917/000163391723000038/pypl-20220802.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T09:32:43.658098+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"de8faebe67","claim":"Mark Britto departed as Chief Product Officer at PayPal Holdings, Inc..","evidence_excerpt":"Mr. Britto is now expected to remain employed by the Company until February 28, 2023, at which time his position will be eliminated.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1633917/000163391723000038/0001633917-23-000038-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chief Product Officer"}],"fact_type":"executive_change"},{"claim_id":"eac045e73d","claim":"John Kim was appointed as Chief Product Officer at PayPal Holdings, Inc..","evidence_excerpt":"On September 8, 2022, the Company announced that it had appointed John Kim to serve as Chief Product Officer, effective September 26, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1633917/000163391723000038/0001633917-23-000038-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Product Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}