PayPal Holdings Inc.
PayPal Announces Executive Departure and New Equity Plan Approval
Summary
PayPal Holdings, Inc. announced that Diego Scotti, EVP and General Manager of the Consumer Group, will depart effective June 2, 2026. In connection with his departure, a separation and release agreement was entered into, providing severance payments and benefits. Additionally, at the 2026 Annual Meeting of Stockholders, the company's 2026 Equity Incentive Award Plan was approved to replace the 2015 Plan, authorizing the issuance of up to 39,100,000 shares of common stock. The meeting also saw the election of 11 director nominees, approval of named executive officer compensation, and ratification of PricewaterhouseCoopers LLP as the independent auditor for 2026.
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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.
Official SEC Documents
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