PayPal CEO Sells Shares for Tax Withholding Due to RSU Vesting

On January 15, PayPal Holdings, Inc. (NASDAQ: PYPL) CEO James Alexander Chriss, EVP Diego Scotti and CFO Chris Natali each received new common shares upon the vesting of restricted stock units.

Of Chriss’s vested shares, about $560,000 worth were automatically sold to cover tax withholdings (roughly KRW 700 million), while Natali’s automatic sale amounted to approximately $64,000 (around KRW 80 million), according to disclosures.

All of these transactions were part of the company’s regular compensation program and related tax procedures; the executives did not voluntarily buy or sell shares on the open market.

Meanwhile, Bank of America’s recent research note projected that PayPal’s new “PayPal World” service—designed to connect global digital wallets—could add about $365 million in annual revenue (approximately KRW 470 billion). The firm nonetheless maintained a “Neutral” rating on PayPal stock.

PayPal, a U.S. digital payments platform with roughly 400 million active accounts worldwide, processed over $1.6 trillion in total payment volume in 2024 through online transactions, P2P transfers and Venmo services.

Since taking the helm in late 2023, CEO Chriss has emphasized a medium- to long-term growth strategy focused on cost efficiency and core payments. At a recent investor event, he forecast double-digit non-GAAP EPS growth through 2027.