PROXYSTATEMENTSUMMARY ExecutiveCompensationHighlights ExecutiveCompensationHighlights TheCompensationCommitteehasdesignedourexecutivecompensationprogramtosupportPayPalsgrowthstrategy. TheCompensationCommitteebelievesthatlong-termincentivesintheformofequityawardsshouldmakeupasignificant portion of our namedexecutiveofficers(“NEOs”)TargetTotalDirectCompensationopportunitybecausesuchawardshelp align pay and performanceandtheinterestsofourexecutiveswiththoseofourstockholders. 1 Thefollowingchartsshowthe2022TargetTotalDirectCompensation mixforourCEO,Mr.Schulman,andtheaverage 2 2022TargetTotalDirectCompensationmixforourotherNEOs. Tolearnmoreaboutourexecutivecompensation program,seetheCompensationDiscussionandAnalysisbeginningonpage50ofthisproxystatement. 2022TotalTargetDirectCompensationMix CEO Other NEOs 5% 9% 7% 7% Base Target Annual Base Target Annual Salary Incentive Award Salary Incentive Award • 75% PBRSUs • 75% PBRSUs • 25% Cash n • 25% Cash noita oitas sne nep pm mo o C 34 s Cd 4 sU de 8 % U e 3 S s 5 RS S as 8 % R Ba % U BR -B 5 RS PB e e- % lu T s P e e U c ar lu c T s % a n g 3% a n a 43 V a e 4 V a r e t An tive orm get A ntiv rform nua en rf nn Ince e l Lon rmInc Pe ual Lo erm P g e T % - n - T 2% g 50 5 1 Target Total Direct Compensationis the sum of (i) 2022 base salary, (ii) target 2022 annual incentive award (based on the target grant date fair value for the portion of the award deliveredasperformance-basedrestrictedstockunits(“PBRSUs”))and(iii)targetannuallong-termincentiveaward(basedonthegrantdatefairvalue).Percentagesmaynotaddup to 100%duetorounding. 2 TheTotalTargetDirectCompensationMixforOtherNEOsexcludesMr.JorgensenandMs.RabinovitchbecausetheywerehiredorappointedasanNEO,respectively,outsideof ourannualrewardscycle. 10 •2023ProxyStatement