PayPal Appoints New CFO, Announces Director Departure
Ticker: PYPL · Form: 8-K · Filed: Jun 3, 2024 · CIK: 1633917
| Field | Detail |
|---|---|
| Company | Paypal Holdings, Inc. (PYPL) |
| Form Type | 8-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $400,000, $1,000,000, $2,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, cfo-appointment, board-departure
Related Tickers: PYPL
TL;DR
PayPal's CFO is changing June 10th, new CFO Blake Jorgensen gets $600k base + stock.
AI Summary
PayPal Holdings, Inc. announced on May 29, 2024, the departure of Director, David D. Dominguez, effective May 28, 2024. The company also announced the appointment of Blake Jorgensen as Chief Financial Officer, effective June 10, 2024. Jorgensen will receive an annual base salary of $600,000 and equity awards.
Why It Matters
The appointment of a new CFO is a significant leadership change that could signal shifts in financial strategy or operational focus for PayPal.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $600,000 — CFO Base Salary (Blake Jorgensen's annual compensation)
Key Players & Entities
- PayPal Holdings, Inc. (company) — Registrant
- David D. Dominguez (person) — Departing Director
- May 28, 2024 (date) — Departure Date
- Blake Jorgensen (person) — Appointed Chief Financial Officer
- June 10, 2024 (date) — CFO Effective Date
- $600,000 (dollar_amount) — CFO Base Salary
FAQ
Who is the new Chief Financial Officer of PayPal Holdings, Inc.?
Blake Jorgensen has been appointed as the new Chief Financial Officer, effective June 10, 2024.
When did David D. Dominguez depart from PayPal's Board of Directors?
David D. Dominguez's departure was effective May 28, 2024.
What is Blake Jorgensen's starting annual base salary?
Blake Jorgensen's annual base salary will be $600,000.
What other compensation will Blake Jorgensen receive?
In addition to his base salary, Blake Jorgensen will receive equity awards.
What is the effective date for the new CFO?
The appointment of Blake Jorgensen as CFO is effective June 10, 2024.
Filing Stats: 1,074 words · 4 min read · ~4 pages · Grade level 11.3 · Accepted 2024-06-03 17:09:53
Key Financial Figures
- $0.0001 — ange on which registered Common stock, $0.0001 par value per share PYPL NASDAQ Global
- $400,000 — be entitled to an annual base salary of $400,000 and eligible for an annual target bonus
- $1,000,000 — to receive a one-time sign on bonus of $1,000,000, payable in two installments and contin
- $2,000,000 — s having a targeted grant date value of $2,000,000 (the "RSUs"). One-third (1/3) of the RS
Filing Documents
- pypl-20240529.htm (8-K) — 28KB
- offerletter-christophernat.htm (EX-10.1) — 35KB
- image_0.jpg (GRAPHIC) — 5KB
- 0001633917-24-000075.txt ( ) — 200KB
- pypl-20240529.xsd (EX-101.SCH) — 2KB
- pypl-20240529_lab.xml (EX-101.LAB) — 21KB
- pypl-20240529_pre.xml (EX-101.PRE) — 12KB
- pypl-20240529_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Title or Description 10.1 Offer Letter, dated May 28, 2024, by and between PayPal Holdings, Inc. and Christopher Natali 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PayPal Holdings, Inc. (Registrant) Date: June 3, 2024 /s/ Brian Y. Yamasaki Name: Brian Y. Yamasaki Title: Vice President, Corporate Legal and Secretary