--- schema_version: "secwatch.filing_event.v1" accession: "0001633917-23-000099" form_type: "8-K" ticker: "PYPL" cik: "0001633917" company_name: "PayPal Holdings, Inc." filed_at: "2023-05-31T23:59:59+00:00" generated_at: "2026-06-14T10:31:38.724679+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # PayPal shareholders approve 34.6M share increase in 2015 equity incentive plan ## Summary - Shareholders approved amendment to 2015 equity plan, adding 34.6M shares of common stock. - All 12 director nominees were elected with over 91% support; Daniel Schulman received 97.4%. - Advisory vote on executive compensation passed with 78.01% of votes cast in favor. - Ratification of PwC as independent auditor for 2023 approved with 94.87% support. - All four shareholder proposals (conflict zones, reproductive rights, civil liberties, majority vote) were defeated. ## SEC filing metadata - accession: 0001633917-23-000099 - form_type: 8-K - ticker: PYPL - cik: 0001633917 - company_name: PayPal Holdings, Inc. - filed_at: 2023-05-31T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.55 - calibrated_materiality_score: 0.55 - confidence: high - sec_items: 5.02, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1633917/000163391723000099/0001633917-23-000099-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633917/000163391723000099/pypl-20230524.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001633917-23-000099 - JSON: https://secwatch.observer/filing/0001633917-23-000099.json - Plain text: https://secwatch.observer/filing/0001633917-23-000099.txt ## Key facts - Shareholder Votes PayPal Holdings, Inc. shareholders rejected Stockholder Proposal: Adopt Majority Vote Standard for Director Elections. - Outcome: failed source text: Proposal 9: Stockholder Proposal: Adopt Majority Vote Standard for Director Elections: Votes For 145,918,941 19.94% Votes Against 578,857,184 79.11% Abstentions 6,876,704 0.93% Broker Non-Votes 139,962,790 The proposal was not approved. evidence_url: https://www.sec.gov/Archives/edgar/data/1633917/000163391723000099/0001633917-23-000099-index.htm - Shareholder Votes PayPal Holdings, Inc. shareholders rejected Stockholder Proposal: Provision of Services in Conflict Zones. - Outcome: failed source text: Proposal 5: Stockholder Proposal: Provision of Services in Conflict Zones: Votes For 80,432,950 10.99% Votes Against 636,079,978 86.93% Abstentions 15,139,901 2.06% Broker Non-Votes 139,962,790 The proposal was not approved. evidence_url: https://www.sec.gov/Archives/edgar/data/1633917/000163391723000099/0001633917-23-000099-index.htm - Shareholder Votes PayPal Holdings, Inc. shareholders approved Advisory Vote to Approve Named Executive Officer Compensation. - Proposal: say on pay - Outcome: passed source text: Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation: Votes For 570,786,918 78.01% Votes Against 159,157,209 21.75% Abstentions 1,708,702 0.23% Broker Non-Votes 139,962,790 The proposal was approved. evidence_url: https://www.sec.gov/Archives/edgar/data/1633917/000163391723000099/0001633917-23-000099-index.htm - Shareholder Votes PayPal Holdings, Inc. shareholders approved Election of Directors. - Proposal: director election - Outcome: passed source text: Proposal 1: Election of Directors: Director Nominees Votes For % For Votes Against % Against Abstentions Broker Non-Votes Rodney C. Adkins 680,336,569 93.15% 49,990,292 6.84% 1,325,968 139,962,790 Jonathan Christodoro 695,756,464 95.27% 34,542,401 4.72% 1,353,964 139,962,790 John J. Donahoe 678,877,419 92.94% 51,533,764 7.05% 1,241,646 139,962,790 David W. Dorman 671,541,880 91.95% 58,766,891 8.04% 1,344,058 139,962,790 Belinda J. Johnson 713,153,966 97.64% 17,207,765 2.35% 1,291,098 139,962,790 Enrique Lores 711,196,077 97.38% 19,131,074 2.61% 1,325,678 139,962,790 Gail J. McGovern 689,820,781 94.44% 40,535,333 5.55% 1,296,715 139,962,790 Deborah M. Messemer 708,381,306 96.98% 21,991,346 3.01% 1,280,177 139,962,790 David M. Moffett 703,019,892 96.26% 27,256,215 3.73% 1,376,722 139,962,790 Ann M. Sarnoff 713,121,823 97.63% 17,241,027 2.36% 1,289,979 139,962,790 Daniel H. Schulman 711,339,641 97.42% 18,830,918 2.57% 1,482,270 139,962,790 Frank D. Yeary 711,069,758 97.37% 19,201,094 2.62 evidence_url: https://www.sec.gov/Archives/edgar/data/1633917/000163391723000099/0001633917-23-000099-index.htm - Shareholder Votes PayPal Holdings, Inc. shareholders rejected Stockholder Proposal: Report on Ensuring Respect for Civil Liberties. - Outcome: failed source text: Proposal 8: Stockholder Proposal: Report on Ensuring Respect for Civil Liberties: Votes For 8,591,277 1.17% Votes Against 714,764,835 97.69% Abstentions 8,296,717 3.22% Broker Non-Votes 139,962,790 The proposal was not approved. evidence_url: https://www.sec.gov/Archives/edgar/data/1633917/000163391723000099/0001633917-23-000099-index.htm - Shareholder Votes PayPal Holdings, Inc. shareholders approved Approval of the PayPal Holdings, Inc. 2015 Equity Incentive Award Plan, as Amended and Restated. - Proposal: equity plan - Outcome: passed source text: Proposal 3: Approval of the PayPal Holdings, Inc. 2015 Equity Incentive Award Plan, as Amended and Restated: Votes For 597,113,053 81.61% Votes Against 132,826,306 18.15% Abstentions 1,713,470 0.23% Broker Non-Votes 139,962,790 The proposal was approved. evidence_url: https://www.sec.gov/Archives/edgar/data/1633917/000163391723000099/0001633917-23-000099-index.htm - Shareholder Votes PayPal Holdings, Inc. shareholders rejected Stockholder Proposal: Reproductive Rights and Data Privacy. - Outcome: failed source text: Proposal 6: Stockholder Proposal: Reproductive Rights and Data Privacy: Votes For 106,135,147 14.50% Votes Against 601,888,012 82.26% Abstentions 23,629,670 3.22% Broker Non-Votes 139,962,790 The proposal was not approved. evidence_url: https://www.sec.gov/Archives/edgar/data/1633917/000163391723000099/0001633917-23-000099-index.htm - Shareholder Votes PayPal Holdings, Inc. shareholders approved Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Auditor for 2023. - Proposal: auditor ratification - Outcome: passed source text: Proposal 4 : Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Auditor for 2023: Votes For 826,943,183 94.87% Votes Against 42,959,662 4.92% Abstentions 1,712,774 0.19% Broker Non-Votes n/a The appointment was ratified. evidence_url: https://www.sec.gov/Archives/edgar/data/1633917/000163391723000099/0001633917-23-000099-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.