COMPENSATIONDISCUSSIONANDANALYSIS OtherCompensationElements • Acashretentionbonusof$1,000,000,withone-halfpaidinJuly2022,andtheotherhalftobepaidfollowingtheearlier of the two-monthanniversaryof theappointmentofMr.RaineysCFOsuccessorandMarch1,2023. • Eligibility to participate as an executive vice president under the PayPal Holdings, Inc. Executive Change in Control and SeverancePlan(the“ExecutiveSeverancePlan”)duringthetransitionperiodbetweenthedepartureofMr.Raineyand thesix-monthperiodfollowingthestartdateofthesuccessorCFO,contingentonMs.Rabinovitchstransitionsupport PRO to the successorCFO. XY S In August 2022, the Board appointedMr. JorgensenasExecutiveVicePresident,ChiefFinancialOfficereffectiveAugust3, T A 2022.TheCompensationCommitteeapprovedthefollowingaspartofhisnewhirecompensation,whichwasdetermined TEMENT after consideringa reviewof the competitivemarket,compensationreceivedbyMr.Jorgensenspredecessorand compensationreceivedatMr.Jorgensensprioremployer: • Anewhireservice-basedRSUawardgrantedonSeptember15,2022,withagrantdatevalueof$1million,subjecttothe three-yearvestingscheduleapplicabletoRSUsundertheCompanysLTIprogram. • AnewhirePBRSUawardgrantedonSeptember15,2022,withagrantdatetargetvalueof$1million,tobevestedon March1,2025basedontheCompanysachievementoftheperformanceconditionsforthe2022-2024PBRSUsunder theCompanysLTIprogram. • Asupplementalnewhireservice-basedRSUawardgrantedonSeptember15,2022,withagrantdatevalueof $8million, subject to the three-year vesting schedule applicableto RSUs under the CompanysLTI program. • Anewhirecashretentionbonusof$6million,withone-halfpaidshortlyfollowinghisemploymentstartdate,$1million paidinNovember2022andtheremaindertobepaidfollowingtheone-yearanniversaryofhisemploymentstartdate, subjecttoMr.JorgensenscontinuedemploymentwiththeCompanyoneachapplicablepaymentdate. Aspreviouslydisclosed,Mr.JorgensenwentonaleaveofabsenceinSeptember2022duetohealthreasons.TheBoard appointedMs.RabinovitchtoserveasactingCFOduringMr.Jorgensensleave.Inconnectionwiththisappointment,the CompensationCommitteeapprovedthefollowingadditionalretentionpackageforMs.Rabinovitch: • Aservice-basedRSUawardgrantedonOctober15,2022,withagrantdatevalueof$1.25million,subjecttothethree- yearvestingscheduleapplicabletoRSUsundertheCompanysLTIprogram. • APBRSUawardgrantedonMarch1,2023,withagrantdatetargetvalueof$1.25million,scheduledtovestonMarch1, 2026basedontheCompanysachievementoftheperformanceconditionsforthe2023-2025performanceperiod. • Eligibility to participate as an executive vice president under the Executive SeverancePlan while Ms. Rabinovitchserves asactingCFO,andforsixmonthsthereafter,contingentonMs.Rabinovitchscontinuousreasonablebesteffortsto supporttheCompanysCFOintheirtransitiontotheCFOroleduringthesixmonthsfollowingtheperiod Ms.RabinovitchservesasactingCFO. DeferredCompensation TheDCP,ournon-qualifieddeferredcompensationplan,providesourU.S.-basedexecutiveofficerstheopportunityto defercompensationinexcessoftheamountsthatarelegallypermittedtobedeferredunderourtax-qualified401(k) savingsplan(the“401(k)Plan”).Eachofthe401(k)PlanandtheDCPallowsparticipantstosetasidetax-deferredamounts. TheCompensationCommitteebelievestheopportunitytodefercompensationisacompetitivebenefitthatenhancesour ability to attract and retain talented executives while building plan participants long-term commitment to the Company. Theinvestmentreturnonthedeferredamountsislinkedtotheperformanceofarangeofmarket-basedinvestment choices.NoneofourNEOsparticipatedinorhadabalanceintheDCPduring2022. OtherBenefits WeprovidecertainexecutiveofficerswithperquisitesandotherpersonalbenefitsthattheCompensationCommittee believesarereasonableandconsistentwithouroverallexecutivecompensationprogramandphilosophyandthatwillhelp usattractandretaintheseexecutiveofficers,assetforthbelow.TheCompensationCommitteeperiodicallyreviewsthe levels of these benefits provided to our executive officers. CEOSecurityProgram Wemaintainacomprehensivesecuritypolicy,andwemaydeterminethatincertaincircumstances,certainexecutive officers should be required to have personal security protection.We require these executivesto acceptsuch personal security protectionbecausewebelieveitisinthebestinterestsoftheCompanyandourstockholdersthatourexecutives andtheirfamilymembersnotbevulnerabletosecuritythreats. •2023ProxyStatement 65