Summary by Moomoo AI
On January 2, 2025, ENRIQUE LORES, a director at PayPal, was granted 1,944 shares of common stock at $0 per share. This transaction was reported as a direct acquisition, increasing LORES's total beneficial ownership to 22,134 shares.The acquisition was classified as a "Grant, award or other acquisition" according to the transaction code. This type of transaction typically represents equity-based compensation, such as restricted stock units or performance shares, awarded to executives or board members as part of their compensation package.The timing of this grant at the beginning of the year suggests it may be part of PayPal's annual equity compensation program for its leadership. As the shares were acquired at no cost, their value will be determined by PayPal's stock price performance.