DIRECTORCOMPENSATION 2022DirectorCompensation DeferredCompensation Ournon-employeedirectorsareeligibletodefer5%to100%oftheirannualretainersandequityawardspursuanttothe PayPalHoldings,Inc.DeferredCompensationPlan(“DCP”),ournon-qualifieddeferredcompensationplan.TheDCPallows participantsto set aside tax-deferredamounts.The investmentreturnon any deferredcashamountsislinkedtothe performanceofarangeofmarket-basedinvestmentchoicesmadeavailablepursuanttotheDCP,andtheinvestment return on any deferredequity awardsis linked to the performanceof PayPalcommonstock.Ournon-employeedirectors canelecttobegindistributionsfromtheDCPfollowingtheterminationoftheirservicestoPayPalorinaspecifiedyear (providedthatadirectorsDCPaccountwillbedistributedifthedirectorsserviceontheBoardterminatespriortothe specifiedyear). Our non-employeedirectorscanelecttoreceivetheirdistributionsaseitheralumpsumorannual installmentsoveraperiodrangingfromtwoto15years. DirectorStockOwnershipGuidelines Ournon-employeedirectorsaresubjecttorigorousstockownershipguidelines.Eachnon-employeedirectorisrequiredto holdanamountofPayPalcommonstockvaluedatfivetimestheannualretainerforallnon-employeedirectorswithinfive yearsofjoiningtheBoardandisexpectedtocontinuouslyownsufficientsharestomeetthestockownershipguidelines.As of the RecordDate,eachnon-employeedirectormetthestockownershipguidelines. Sharesthatcounttowardsatisfactionofthestockownershipguidelinesincludethefollowing: • sharesownedoutrightbythedirectorortheirimmediatefamilymembersresidinginthesamehousehold; • sharesheldintrusts,limitedliability companies,or similar entities for the benefit of the director or their immediate family members;and • deferredshares,vesteddeferredstockunits(“DSUs”),deferredrestrictedstockunits(“RSUs”),ordeferredperformance stockunitsthatmayonlybesettledinsharesofourcommonstock. OurstockownershipguidelinesareavailableonthegovernancesectionofourInvestorRelationswebsiteat https://investor.pypl.com/governance/governance-overview/. 36 •2023ProxyStatement