Form 8-K · Current Report · Filed 2024-01-08
PayPal Announces Departure of Executive Vice President
On January 8, 2024, PayPal Holdings, Inc. announced the departure of Peggy Alford, its Executive Vice President, Global Sales and Merchant Services. The departure, which is effective January 31, 2024, includes a separation agreement that entitles Ms. Alford to severance pay, bonus treatment, equity awards, and health benefits under the company's Executive Change in Control and Severance Plan.
- Filer
- PayPal Holdings Inc. PYPL · NASDAQ
- Filed
- Accession
- 0001193125-24-004471
- CIK
- 0001633917
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$60.12
Next session
+1.5%
Since filing
-4.8%
Latest close
$57.21
What happened, not what will happen — closing prices around the filing date.
About PayPal Holdings Inc.
PayPal Holdings Inc. is a prominent player in the digital payments industry, providing an essential service that facilitates online and mobile monetary transactions globally. As a leading payment solutions provider, PayPal enables individuals and businesses to send and receive funds with ease and security without sharing financial information with third parties. Its platform supports a variety of payment options, including credit cards, bank accounts, and stored digital balances. PayPal has significantly impacted the e-commerce sector, empowering businesses of all sizes to reach a global customer base. Additionally, it offers tailored financial solutions for merchants, including invoicing and working capital services. Operating in over 200 markets worldwide, PayPal plays a crucial role in the financial ecosystem by promoting digital payment adoption and financial inclusion. With its continuous technological advancements and partnerships with leading retail and tech companies, PayPal remains at the forefront of transforming how people conduct financial transactions in the digital age.
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