Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 30, 2021, PayPal Holdings, Inc. (the "Company") announced that Enrique Lores had been appointed as a new member of the Company's Board of Directors (the "Board"), effective June 29, 2021. Mr. Lores fills a vacancy created by an increase in the size of the Board from 11 to 12, and his term of office will expire at the Company's 2022 annual meeting of stockholders or when his successor has been elected and qualified. As a non-employee director, Mr. Lores will be entitled to receive compensation as described under "Director Compensation" in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 13, 2021. The committee or committees of the Board on which Mr. Lores may sit have not yet been determined.

There is no arrangement or understanding between Mr. Lores and any other persons pursuant to which Mr. Lores was appointed as a director. Furthermore, there are no transactions in which the Company was a participant and in which Mr. Lores had an interest that would be required to be reported under Item 404(a) of Regulation S-K.

A copy of the press release issued by the Company regarding the election of Mr. Lores to its Board is attached as Exhibit 99.1 to this Current Report on Form 8-K.



Item 9.01. Exhibits

(d) Exhibits.



99.1      Press release dated June 30, 2021

104     Cover Page Interactive Data File (embedded within the Inline XBRL document)

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