CORPORATEGOVERNANCE BoardCommittees BelowisadescriptionofeachprincipalcommitteeoftheBoard. ARCCommittee PRO DAVIDM.MOFFETT XY Chair CommitteeMeetingsin2022:12 S T A OtherMembers: PrimaryResponsibilities TEMENT Provide assistance and guidanceto the Board in fulfilling its oversight responsibilities with respect to: • PayPals corporate accountingand financialreporting practices and the audit of PayPals financial statements; • Theindependentauditors,includingtheirqualificationsandindependence; RodneyC.Adkins • TheperformanceofPayPalsinternalauditfunctionandindependentauditor; • Thequalityandintegrityof PayPals financial statements and reports; • PayPals overall risk framework and risk appetite framework, including risks associated with cybersecurity, informationsecurity and privacy; and BelindaJ. Johnson • PayPals compliancewithlegal andregulatoryobligations. TheARCCommitteeisalsoresponsibleforreviewingandapprovingallauditengagementfeesandterms, aswellasallnon-auditengagements,withtheindependentauditorandproducingtheAuditCommittee Reportfor inclusion in our proxy statement. Independence EnriqueLores TheBoardhasdeterminedthateachmemberoftheARCCommitteemeetstheindependence requirementsofNasdaqandtheSECandotherwisesatisfiestherequirementsforauditcommitteeservice imposedbytheSecuritiesExchangeActof1934,asamended(the“ExchangeAct”). TheBoardhasalsodeterminedthateachmemberoftheARCCommitteeisfinanciallyliterate,andthat Mr. Moffett and Ms. Messemer satisfy the requirements for an “audit committee financial expert” set forth in DeborahM. the SECrules. Messemer RecentActivities&FocusAreas • Evaluatedthequalityandintegrityof the Companysfinancialstatementsandreports, theeffectivenessof internal accounting and financial reporting controls and the results of the annual audit. AnnM.Sarnoff • EngagedregularlywithourChiefRiskandComplianceOfficeronkeyandemergingrisksfacingthe Company,includingcybersecurityandgeopoliticalandmacroeconomicinstability. • Invited internal and external experts to discuss evolving risks and trends pertinent to the Company, includingcybersecurityandgovernmentregulation. FrankD.Yeary •2023ProxyStatement 23
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