Paypal Holdings, Inc. · NASDAQ:PYPL
Paypal — Shareholder Meeting (May 2024)
18 slides from Paypal's shareholder meeting presentation, May 6, 2024
Slide 1: Spring 2024 Stockholder Outreach
Spring 2024 Stockholder Outreach
Slide 2: Summary of Key Annual Meeting Themes and Context
The Compensation Committee strategically designed compensation for our former CEO to ensure an orderly and effective leadership transition, and thoughtfully structured fiscal 2023 new hire awards that both attracted top talent (including our new CEO and several senior executives) and ensure appropri
Slide 3: Our Two-Sided Platform Serves Merchants and Consumers
Power all aspects of digital checkout online and in store Provide access to seamless credit solutions to enable growth Offer tools and insights to attract new customers and increase sales Protect against fraud and improve risk management Deliver flexibility with payment options globally, across plat
Slide 4: A refreshed executive leadership team driving the next phase of our growth
A refreshed executive leadership team driving the next phase of our growth Michelle Gill EVP, General Manager - Small Business & Financial Services Group Archana (Archie) Deskus EVP, Chief Technology Officer Bimal Patel SVP, General Counsel John Kim EVP, Chief Product Officer Diego Scotti EVP, Gener
Slide 5: Scope of Outreach Since 2023 Annual Meeting
Scope of Outreach Since 2023 Annual Meeting Stockholder engagement informs Board decision-making Stockholder feedback is regularly shared with our Board and continues to serve as a meaningful input in our Board’s deliberations and decision-making. Since our last Annual Meeting in May 2023, we contac
Slide 6: Diverse, qualified, and engaged director nominees
Diverse, qualified, and engaged director nominees Our 11 Board nominees(1) provide effective oversight of management and the Company to support the long-term interests of PayPal and its stockholders, employees, customers, and communities. We demonstrate our commitment to diversity and inclusion at a
Slide 7: Our Board's systematic approach for effective risk oversight
Our Board’s systematic approach for effective risk oversight Our Board oversees PayPal’s overall risk assessment and risk management; primary responsibility for certain risk topics are delegated to specific Committees, which regularly report to the full Board. Compensation Risk: Oversees and reviews
Slide 8: Executive compensation program structure and 2023 outcomes
Form of Payment Performance Period Performance Criteria Objectives 2023 Outcomes Salary Cash Ongoing Alignment of salary with performance is evaluated on an annual basis Compensates for expected day-to-day performance Rewards individuals’ current contributions Reflects scope of roles and responsibil
Slide 9: Recent compensation actions reflect stockholder feedback
Recent compensation actions reflect stockholder feedback Following our 2023 Annual Meeting, we sought stockholder input regarding executive leadership and executive compensation; our Compensation Committee leveraged that feedback to implement responsive enhancements to the compensation program. Prop
Slide 10: 2023 executive transition-related compensation attracted top talent
2023 executive transition-related compensation attracted top talent The Compensation Committee took a thoughtful approach in establishing new hire awards to attract Mr. Chriss, Ms. Miller, and Ms. Gill to join PayPal and ensure appropriate long-term alignment with stockholders. They will not receive
Slide 11: Departing CEO compensation designed to facilitate an effective transition
Departing CEO compensation designed to facilitate an effective transition The Compensation Committee structured the departing CEO’s 2023 compensation to ensure the Board had time to conduct a rigorous CEO search process and to enable an effective CEO transition, while aligning his incentives with st
Slide 12: Strategic Equity Compensation Coupled With Competitive Hiring to Accelerate Long-Term Profitable Growth
Strategic Equity Compensation Coupled With Competitive Hiring to Accelerate Long-Term Profitable Growth The Equity Plan supports a broad-based program that is critical to our ability to effectively attract and retain talented employees in a highly competitive labor market. Equity awards support our
Slide 13: Equity incentive plan governed by best practices
Administered by 100% independent Compensation Committee. Minimum vesting for equity awards. Required stockholder approval for additional shares. Share counting provisions. Annual limits on non-employee director awards. Stock ownership guidelines and mandatory retention requirement. Grant performance
Slide 14: Stockholder proposals misaligned with stockholder interests
Stockholder proposals misaligned with stockholder interests Vote AGAINST: Report on Respecting Workforce Civil Liberties – Proponent: NCPPR PayPal already publicly provides robust reporting of its inclusion and anti-discrimination initiatives. The Proposal presents an inaccurate and erroneous view o
Slide 15: We request your support at the 2024 Annual Meeting
We request your support at the 2024 Annual Meeting The Board asks that you vote FOR all management proposals and AGAINST both stockholder proposals. A vote FOR the Election of the 11 Director Nominees Named in PayPal’s 2024 Proxy Statement A vote FOR the Advisory Vote to Approve Named Executive Offi
Slide 16: Appendix
Appendix od PayPal
Slide 17: Non-GAAP Financial Measures
This presentation includes financial measures defined as “non-GAAP financial measures” by the Securities and Exchange Commission (SEC), including non-GAAP operating margin and free cash flow. These measures may be different from non-GAAP financial measures used by other companies. The presentation o
Slide 18: Thank you
Thank you