TableofContents 1 Noticeof2023AnnualMeetingofStockholders IndexofFrequentlyRequested 2 ImportantInformationAboutPayPalsVirtualAnnualMeeting Information 3 ProxyStatementSummary 1 AnnualMeeting&VotingInformation 97 AuditandOtherProfessionalFees 12 PROPOSAL1:ElectionofDirectors 22 BoardCommittees 15 Director Biographies 21 CorporateGovernance 21 BoardLeadership 21 BoardLeadership 26 BoardOversight 22 DirectorIndependence 55 CompensationFrameworkand 22 BoardCommittees Decisions 26 BoardOversight 67 CompensationPeerGroup 29 BoardandCommitteeEvaluations 31 StockholderEngagement 71 CompensationTables 33 CorporateGovernanceDocuments 15 DirectorBiographies 33 RelatedPersonTransactions 35 DirectorCompensation 22 DirectorIndependence 38 ESGOversightandHighlights 13 DirectorSkills Matrix 38 ESGGovernanceStructure 38 ESGGovernanceStructure 41 2022ESGPerformanceHighlights 45 ExecutiveOfficerBiographies 41 HumanCapitalManagement 41 HumanCapitalManagement 44 StockOwnershipInformation 50 NamedExecutiveOfficers 45 InformationAboutOurExecutiveOfficers 27 RiskOversight 49 PROPOSAL2:AdvisoryVotetoApproveNamedExecutiveOfficer 31 StockholderEngagement Compensation(“say-on-pay”vote) 116 SummaryContactInformation 50 CompensationDiscussionandAnalysis 50 NamedExecutiveOfficers 54 ExecutiveCompensationProgramDesign 55 2022CompensationFrameworkandDecisions 64 OtherCompensationElements 66 OurStructureforSettingCompensation 68 OtherCompensationPracticesandPolicies 1 CompensationTables 80 PayversusPerformance 83 CEOPayRatioDisclosure 84 EquityCompensationPlanInformation 85 PROPOSAL3:VotetoApprovePayPalHoldings,Inc.2015Equity IncentiveAwardPlan,asAmendedandRestated 95 PROPOSAL4:RatificationoftheAppointmentof PricewaterhouseCoopersLLPasOurIndependentAuditorfor2023 98 STOCKHOLDERPROPOSALS 98 PROPOSAL5: StockholderProposal–ProvisionofServicesinConflictZones 100 PROPOSAL6: StockholderProposal–ReproductiveRightsandDataPrivacy 102 PROPOSAL7: StockholderProposal–PayPalTransparencyReport 105 PROPOSAL8: StockholderProposal–ReportonEnsuringRespectforCivil Liberties 107 PROPOSAL9: StockholderProposal–AdoptMajorityVoteStandardforDirector Elections 109 FrequentlyAskedQuestions 118 APPENDIXA:ReconciliationofNon-GAAPFinancialMeasures 120 APPENDIXB:PayPalHoldings,Inc.2015EquityIncentiveAwardPlan (marked)