Summary by Moomoo AI
PayPal Holdings, Inc. has announced the appointment of Christopher Natali as the new Vice President, Chief Accounting Officer, effective June 20, 2024. Natali, with a rich background in finance and accounting, previously held positions at Alteryx, Inc., Hewlett Packard Enterprise, Gymboree, Hyatt Hotels Corporation, and Hewitt Associates, and started his career at Arthur Andersen and Deloitte. His appointment is not the result of any prearranged understanding with other company personnel, and he has no familial ties or material interests that would require disclosure under SEC regulations. Natali's compensation includes a $400,000 annual base salary, eligibility for a 45% target bonus, a $1,000,000 sign-on bonus, and an initial grant of restricted stock units valued at $2,000,000, with vesting conditions. He will also participate in PayPal's Executive Change in Control and Severance Plan, deferred compensation plan, and will have an indemnification agreement similar to other executives.