COMPENSATIONDISCUSSIONANDANALYSIS AnnualIncentivePlan PayPalPerformance Threshold Target Maximum Percentage of Measure (50% Payout) (100% Payout) (200% Payout) Target Achieved Actual 16.1% FX-Neutral Revenue CAGR 90% 14.5% 16.5% 17.5% Actual 14.7% Free Cash Flow CAGR 200% 11.0% 13.0% 14.0% Aggregate Percent 145% of Target Achieved ThefollowingtableshowsthenumberofsharesofPayPalcommonstockearnedandvestedpursuanttothe2020-2022 1 PBRSUsforeachparticipatingNEObasedonachievementof145%oftarget. Target Percentageof Numberof PBRSUs Target Shares NEO (Shares) x Achieved = Earned DanielH.Schulman 89,678 145% 130,034 Gabrielle Rabinovitch 9,784 145% 14,188 PeggyAlford 25,623 145% 37,154 JonathanAuerbach 29,893 145% 43,345 AaronKarczmer 32,028 145% 46,441 1 Mr. Rainey forfeited his 2020-2022 PBRSUsin connectionwithhis resignation. RestrictedStockUnits(RSUs) Our2022LTIawardsalsoincludedservice-basedRSUswithathree-yearvestingschedule,whichalignswiththethree-year performanceperiodofthe2022-2024PBRSUs.TheseRSUawardsvestone-thirdonthefirstanniversaryofthegrantdate, with the remaindervestingratablyeachfollowingquarterovertheremainingvestingperiod,subjecttothecontinued employmentoftheNEO.Service-basedRSUshavevalueregardlessofwhetherourstockpriceincreasesordecreases, andaredesignedtohelpsecureandretainourexecutiveofficersandprovideanappropriateincentiveforthemtoremain with us during the vesting period. OtherCompensationElements CFOTransition-RelatedCompensation In April 2022, the CompanyannouncedMr.RaineysimpendingdeparturefromPayPal.Atthattime,Mr.Raineywaseligible to take a sabbatical under the Companyssabbaticalprogram.To facilitatean effectivetransitionof duties prior to his departure,theCompensationCommitteeapproveda$100,000cashtransitionbonus,whichwassubjecttoMr.Rainey remainingcontinuouslyemployedwiththeCompanyuntilMay23,2022,withouttakinganytimeoff.Thetransitionbonus waspayabletoMr.Raineywithintwoandahalfmonthsfollowinghisemploymentterminationdate.Mr.Raineywasnot eligible for any severanceor equity accelerationin connectionwith his departure. In April 2022, the Board appointedMs. Rabinovitchto serveas interim CFO effectiveupon Mr. Raineysdeparture.In June 2022,theCompensationCommitteeapprovedthefollowingretentionpackageforMs.Rabinovitch,giventhepotential retention risks, and her materially expanded duties and responsibilitiesand critical role at the Company: • Aservice-basedRSUawardgrantedonJune15,2022,withagrantdatevalueof$1.5million,subjecttothethree-year vestingscheduleapplicabletoRSUsundertheCompanysLTIprogram. • APBRSUawardgrantedonJune15,2022,withagrantdatetargetvalueof$1.5million,scheduledtovestonMarch1, 2025basedontheCompanysachievementoftheperformanceconditionsforthe2022-2024PBRSUs. 64 •2023ProxyStatement