COMPENSATIONDISCUSSIONANDANALYSIS CompensationDiscussionandAnalysis TableofContents 51 ExecutiveSummary 54 ExecutiveCompensationProgramDesign 55 AlignmentofCompensationwithPerformanceResults 55 2022CompensationFrameworkandDecisions 64 OtherCompensationElements 66 OurStructureforSettingCompensation 68 OtherCompensationPracticesandPolicies NamedExecutiveOfficers This CompensationDiscussionandAnalysis(“CD&A”)describesthematerialcompensationelementsforeachofPayPals NEOsandprovidesanoverviewofthecompensationpoliciesandpracticesapplicabletoourNEOs. 1 2022NEOs DanielH.Schulman Gabrielle Rabinovitch PeggyAlford JonathanAuerbach AaronKarczmer President and Chief ActingChiefFinancial ExecutiveVicePresident, ExecutiveVicePresident, ExecutiveVicePresident, ExecutiveOfficer Officer and Senior Vice GlobalSales Chief Strategy, Growth and Chief Enterprise President, Investor DataOfficer Services Officer Relations and Treasurer 1 ThefollowingwerealsoNEOsfor2022: • JohnRaineyresignedfromhisroleasChiefFinancialOfficerandExecutiveVicePresident,GlobalCustomerOperations,effectiveMay23,2022. • BlakeJorgensenwasappointedasChiefFinancialOfficereffectiveasofAugust3,2022.OnSeptember14,2022,theCompanyannouncedthatMr.Jorgensenwastakinga leaveofabsenceforhealthreasons.Mr.JorgensensteppeddownfromhispositionasChiefFinancialOfficereffectiveasofMarch7,2023,andisexpectedtocontinuetoserve asasenioradvisortotheCompanythroughSeptember15,2023. • MarkBrittosteppeddownfromhisroleasChiefProductOfficereffectiveSeptember26,2022.Pursuanttoaplannedtransitioninconnectionwithaninternalrestructuring, Mr. Brittos employmentwiththeCompanyterminatedonFebruary28,2023. 50 •2023ProxyStatement