Form 8-K · Current Report · Filed 2024-06-03
PayPal Appoints New Chief Accounting Officer
PayPal Holdings, Inc. announced on June 3, 2024, the appointment of Christopher Natali as its Vice President and Chief Accounting Officer, effective June 20, 2024. Mr. Natali, previously serving as Chief Accounting Officer and Interim Chief Financial Officer of Alteryx, Inc., will receive an annual base salary of $400,000, a one-time sign-on bonus of $1,000,000, and eligible for an annual target bonus of 45% of his annual base salary. Additionally, he will receive restricted stock units with a targeted grant date value of $2,000,000. The appointment is pursuant to an offer letter attached as Exhibit 10.1.
- Filer
- PayPal Holdings Inc. PYPL · NASDAQ
- Filed
- Accession
- 0001633917-24-000075
- CIK
- 0001633917
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Financial Statements and Exhibits
Market reaction
Close before filing
$62.99
Next session
+0.5%
Since filing
-9.2%
Latest close
$57.21
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from PYPL reporting the same item, with the next session's move:
Exhibits (1)
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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