Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| MICROSOFT CORPMSFT · Entity 1016 | Director | September 10, 2026 | September 11, 2026 |
| NASDAQ, INC.NDAQ · Entity 3019 | Director | June 22, 2022 | June 24, 2022 |
| PayPal Holdings, Inc.PYPL · Entity 2530 | CFO and EVP,Global Customer Op | March 01, 2022 | March 02, 2022 |
| Walmart Inc.WMT · Entity 783 | Executive Vice President | March 09, 2026 | March 11, 2026 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
MICROSOFT CORP
Report date September 10, 2026 · Filed September 11, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Restricted Stock UnitsSEC Table II · derivative / convertible security | Direct | 422.119 |
Reported balance
After 2026-09-10 transaction · row 2
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 2 · 2026-09-10 · Grant · Acquired 0.778 · Balance 422.119 F1: Each restricted stock unit represents a contingent right to receive one share of Microsoft common stock. F2: Dividend equivalent rights accrue when and as dividends are paid on the Company's common stock and become exercisable proportionately with the restricted stock units to which they relate. F3: The restricted stock units are fully vested. Delivery of the shares to the reporting person will be made 30 days after the date of the reporting person's separation from service to the Board of Directors. |
| Common StockSEC Table I · non-derivative | Direct | 5,464 |
Reported balance
Holding disclosure · report date 2026-09-10 · row 1
Holding and transaction disclosures are not merged.
1 source rowRow 1 · Balance 5,464 |
Filing footnotes · ownership attribution and instrument terms
F1: Each restricted stock unit represents a contingent right to receive one share of Microsoft common stock.
F2: Dividend equivalent rights accrue when and as dividends are paid on the Company's common stock and become exercisable proportionately with the restricted stock units to which they relate.
F3: The restricted stock units are fully vested. Delivery of the shares to the reporting person will be made 30 days after the date of the reporting person's separation from service to the Board of Directors.
NASDAQ, INC.
Report date June 22, 2022 · Filed June 24, 2022
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common Stock, par value $0.01 per shareSEC Table I · non-derivative | Direct | 17,265 |
Reported balance
After 2022-06-22 transaction · row 1
Account or security details depend on footnotes; rows are not merged.
1 source rowRow 1 · 2022-06-22 · Grant · Acquired 2,375 · Balance 17,265 F1: Restricted stock vests as to 100% on June 22, 2023. F2: Represents 17,265 shares or units of restricted stock granted pursuant to Nasdaq's Equity Incentive Plan, of which 14,890 are vested as of the date hereof. |
Filing footnotes · ownership attribution and instrument terms
F1: Restricted stock vests as to 100% on June 22, 2023.
F2: Represents 17,265 shares or units of restricted stock granted pursuant to Nasdaq's Equity Incentive Plan, of which 14,890 are vested as of the date hereof.
PayPal Holdings, Inc.
Report date March 01, 2022 · Filed March 02, 2022
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common StockSEC Table I · non-derivative | Direct | 172,841 |
Ending reported balance
After 2022-03-01 transaction · row 6
6 source rows · reconciled sequenceRow 1 · 2022-03-01 · Exercise / conversion · Acquired 16,112 · Balance 125,034 Row 2 · 2022-03-01 · Exercise / conversion · Acquired 12,811 · Balance 137,845 Row 3 · 2022-03-01 · Exercise / conversion · Acquired 6,347 · Balance 144,192 Row 4 · 2022-03-01 · Grant · Acquired 89,911 · Balance 234,103 F1: Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2019-2021 performance period, which were vested as shares of common stock on 3/1/2022. Row 5 · 2022-03-01 · Tax withholding · Disposed 17,488 · Balance 216,615 F2: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person. Row 6 · 2022-03-01 · Tax withholding · Disposed 43,774 · Balance 172,841 F3: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 3/1/2022. |
| Restricted Stock Units -10SEC Table II · derivative / convertible security | Direct | 36,832 |
Reported balance
After 2022-03-01 transaction · row 7
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 7 · 2022-03-01 · Grant · Acquired 36,832 · Balance 36,832 F4: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. F5: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 1/3 on the one year anniversary of the grant date of the restricted stock unit award (the 'Grant Date'), and 1/12 on each quarterly anniversary of the Grant Date thereafter until the third anniversary of the Grant Date, on which date the grant shall be fully vested. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. F6: Not applicable. |
| Restricted Stock Units -7SEC Table II · derivative / convertible security | Direct | 0 |
Reported balance
After 2022-03-01 transaction · row 8
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 8 · 2022-03-01 · Exercise / conversion · Disposed 16,112 · Balance 0 F4: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. F7: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. F6: Not applicable. |
| Restricted Stock Units -8SEC Table II · derivative / convertible security | Direct | 12,811 |
Reported balance
After 2022-03-01 transaction · row 9
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 9 · 2022-03-01 · Exercise / conversion · Disposed 12,811 · Balance 12,811 F4: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. F7: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. F6: Not applicable. |
| Restricted Stock Units -9SEC Table II · derivative / convertible security | Direct | 12,692 |
Reported balance
After 2022-03-01 transaction · row 10
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 10 · 2022-03-01 · Exercise / conversion · Disposed 6,347 · Balance 12,692 F4: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. F7: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. F6: Not applicable. |
Filing footnotes · ownership attribution and instrument terms
F1: Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2019-2021 performance period, which were vested as shares of common stock on 3/1/2022.
F2: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
F3: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 3/1/2022.
F4: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F5: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 1/3 on the one year anniversary of the grant date of the restricted stock unit award (the 'Grant Date'), and 1/12 on each quarterly anniversary of the Grant Date thereafter until the third anniversary of the Grant Date, on which date the grant shall be fully vested. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
F6: Not applicable.
F7: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
Walmart Inc.
Report date March 09, 2026 · Filed March 11, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| CommonSEC Table I · non-derivative | Direct | 576,927.922 |
Reported balance
After 2026-03-09 transaction · row 1
1 source rowRow 1 · 2026-03-09 · Grant · Acquired 90,164 · Balance 576,927.922 F1: Represents restricted stock units earned by Reporting Person upon achievement of performance goals for the one-year period ended Jan. 31, 2026, as certified by the Compensation and Management Development Committee on March 9, 2026. The restricted stock units are scheduled to vest Jan. 31, 2028, if Reporting Person remains employed by the Issuer on that date. |
Filing footnotes · ownership attribution and instrument terms
F1: Represents restricted stock units earned by Reporting Person upon achievement of performance goals for the one-year period ended Jan. 31, 2026, as certified by the Compensation and Management Development Committee on March 9, 2026. The restricted stock units are scheduled to vest Jan. 31, 2028, if Reporting Person remains employed by the Issuer on that date.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| June 15, 2021 Filed Jun 17, 2021 21:35 UTC | NASDAQ, INC. NDAQ · Entity 3019 | GrantCommon Stock, par value $0.01 per share | 2,125 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-041587 · doc4.xml · nonDerivative · entry 1 Rainey John D · CIK 0001547433 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 14,890 F1 · kind: Restricted stock vests as to 100% on June 15, 2022. F2 · balance_after: Represents shares or units of restricted stock granted pursuant to Nasdaq's Equity Incentive Plan, of which 12,765 are vested as of the date hereof. Read SEC document |
| March 03, 2021 Filed Mar 4, 2021 23:04 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 200 | $267.20 | $53,440.00 |
DisclosureSEC source: 0001633917-21-000076 · edgardoc.xml · nonDerivative · entry 10 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 107,845 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. Read SEC document |
| March 03, 2021 Filed Mar 4, 2021 23:04 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 1,697 | $266.54 | $452,318.38 |
DisclosureSEC source: 0001633917-21-000076 · edgardoc.xml · nonDerivative · entry 9 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 108,045 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. F10 · price: Represents the weighted average price of shares sold at prices that ranged from $266.13 to $266.86. Read SEC document |
| March 03, 2021 Filed Mar 4, 2021 23:04 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 8,639 | $265.45 | $2,293,222.55 |
DisclosureSEC source: 0001633917-21-000076 · edgardoc.xml · nonDerivative · entry 8 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 109,742 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. F9 · price: Represents the weighted average price of shares sold at prices that ranged from $265.06 to $265.96. Read SEC document |
| March 03, 2021 Filed Mar 4, 2021 23:04 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 900 | $264.27 | $237,843.00 |
DisclosureSEC source: 0001633917-21-000076 · edgardoc.xml · nonDerivative · entry 7 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 118,381 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. F8 · price: Represents the weighted average price of shares sold at prices that ranged from $263.83 to $264.72. Read SEC document |
| March 03, 2021 Filed Mar 4, 2021 23:04 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 4,525 | $263.23 | $1,191,115.75 |
DisclosureSEC source: 0001633917-21-000076 · edgardoc.xml · nonDerivative · entry 6 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 119,281 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. F7 · price: Represents the weighted average price of shares sold at prices that ranged from $262.82 to $263.79. Read SEC document |
| March 03, 2021 Filed Mar 4, 2021 23:04 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 7,397 | $262.28 | $1,940,085.16 |
DisclosureSEC source: 0001633917-21-000076 · edgardoc.xml · nonDerivative · entry 5 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 123,806 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. F6 · price: Represents the weighted average price of shares sold at prices that ranged from $261.82 to $262.81. Read SEC document |
| March 03, 2021 Filed Mar 4, 2021 23:04 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 12,722 | $261.24 | $3,323,495.28 |
DisclosureSEC source: 0001633917-21-000076 · edgardoc.xml · nonDerivative · entry 4 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 131,203 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. F5 · price: Represents the weighted average price of shares sold at prices that ranged from $260.78 to $261.76. Read SEC document |
| March 03, 2021 Filed Mar 4, 2021 23:04 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 14,815 | $260.10 | $3,853,381.50 |
DisclosureSEC source: 0001633917-21-000076 · edgardoc.xml · nonDerivative · entry 3 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 143,925 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. F4 · price: Represents the weighted average price of shares sold at prices that ranged from $259.71 to $260.70. Read SEC document |
| March 03, 2021 Filed Mar 4, 2021 23:04 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 13,963 | $259.30 | $3,620,605.90 |
DisclosureSEC source: 0001633917-21-000076 · edgardoc.xml · nonDerivative · entry 2 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 158,740 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. F3 · price: Represents the weighted average price of shares sold at prices that ranged from $258.69 to $259.67. Read SEC document |
| March 03, 2021 Filed Mar 4, 2021 23:04 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 8,900 | $258.30 | $2,298,870.00 |
DisclosureSEC source: 0001633917-21-000076 · edgardoc.xml · nonDerivative · entry 1 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 172,703 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. F2 · price: Represents the weighted average price of shares sold at prices that ranged from $257.68 to $258.67. Read SEC document |
| March 01, 2021 Filed Mar 3, 2021 23:41 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | GrantRestricted Stock Units -9 · Derivative | 19,039 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-21-000060 · edgardoc.xml · derivative · entry 10 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 19,039 Underlying: Common Stock · 19,039 shares Expires not disclosed F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. F5 · derivative.exercise_date: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. F6 · derivative.expiration_date: Not applicable. Read SEC document |
| March 01, 2021 Filed Mar 3, 2021 23:41 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionRestricted Stock Units -8 · Derivative | 12,812 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-21-000060 · edgardoc.xml · derivative · entry 9 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 25,622 Underlying: Common Stock · 12,812 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. F5 · derivative.exercise_date: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. F6 · derivative.expiration_date: Not applicable. Read SEC document |
| March 01, 2021 Filed Mar 3, 2021 23:41 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionRestricted Stock Units -7 · Derivative | 16,113 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-21-000060 · edgardoc.xml · derivative · entry 8 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 16,112 Underlying: Common Stock · 16,113 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. F5 · derivative.exercise_date: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. F6 · derivative.expiration_date: Not applicable. Read SEC document |
| March 01, 2021 Filed Mar 3, 2021 23:41 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionRestricted Stock Units -6 · Derivative | 16,766 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-21-000060 · edgardoc.xml · derivative · entry 7 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 16,766 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. F5 · derivative.exercise_date: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. F6 · derivative.expiration_date: Not applicable. Read SEC document |
| March 01, 2021 Filed Mar 3, 2021 23:41 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Tax withholdingCommon Stock | 22,655 | $273.63 | $6,199,087.65 |
DisclosureSEC source: 0001633917-21-000060 · edgardoc.xml · nonDerivative · entry 6 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 181,603 F3 · shares: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person. Read SEC document |
| March 01, 2021 Filed Mar 3, 2021 23:41 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionCommon Stock | 12,812 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-21-000060 · edgardoc.xml · nonDerivative · entry 5 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 204,258 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| March 01, 2021 Filed Mar 3, 2021 23:41 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionCommon Stock | 16,113 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-21-000060 · edgardoc.xml · nonDerivative · entry 4 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 191,446 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| March 01, 2021 Filed Mar 3, 2021 23:41 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionCommon Stock | 16,766 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-21-000060 · edgardoc.xml · nonDerivative · entry 3 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 175,333 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| March 01, 2021 Filed Mar 3, 2021 23:41 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Tax withholdingCommon Stock | 49,878 | $273.63 | $13,648,117.14 |
DisclosureSEC source: 0001633917-21-000060 · edgardoc.xml · nonDerivative · entry 2 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 158,567 F2 · shares: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 3/1/2021. Read SEC document |
| March 01, 2021 Filed Mar 3, 2021 23:41 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | GrantCommon Stock | 100,600 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-21-000060 · edgardoc.xml · nonDerivative · entry 1 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 208,445 F1 · shares: Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2018-2020 performance period, which were vested as shares of common stock on 3/1/2021. Read SEC document |
| February 17, 2021 Filed Feb 18, 2021 22:54 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 5,377 | $298.00 | $1,602,346.00 |
DisclosureSEC source: 0001633917-21-000052 · edgardoc.xml · nonDerivative · entry 1 Rainey John D · CIK 0001547433 · CFO & EVP, Global Customer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 107,845 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. Read SEC document |
| February 15, 2021 Filed Feb 17, 2021 02:25 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Tax withholdingCommon Stock | 4,311 | $298.37 | $1,286,273.07 |
DisclosureSEC source: 0001633917-21-000036 · edgardoc.xml · nonDerivative · entry 2 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 113,222 F2 · shares: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 2/15/2021. Read SEC document |
| February 15, 2021 Filed Feb 17, 2021 02:25 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | GrantCommon Stock | 9,688 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-21-000036 · edgardoc.xml · nonDerivative · entry 1 Rainey John D · CIK 0001547433 · CFO and EVP,Global Customer Op 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 117,533 F1 · shares: Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2020 performance period, which were vested as shares of common stock on 2/15/2021. Read SEC document |
| May 19, 2020 Filed May 21, 2020 21:05 UTC | NASDAQ, INC. NDAQ · Entity 3019 | GrantCommon Stock, par value $0.01 per share | 3,328 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-20-031347 · doc4.xml · nonDerivative · entry 1 Rainey John D · CIK 0001547433 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 12,765 F1 · kind: Restricted stock vests as to 100% on May 19, 2021. F2 · balance_after: Represents shares or units of restricted stock granted pursuant to Nasdaq's Equity Incentive Plan, of which 9,437 are vested as of the date hereof. Read SEC document |
| March 02, 2020 Filed Mar 3, 2020 23:29 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 87,925 | $107.48 | $9,450,179.00 |
DisclosureSEC source: 0001633917-20-000067 · edgardoc.xml · nonDerivative · entry 7 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 107,845 F4 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. Read SEC document |
| March 01, 2020 Filed Mar 3, 2020 23:29 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | GrantRestricted Stock Units -8 · Derivative | 38,434 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-20-000067 · edgardoc.xml · derivative · entry 11 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 38,434 Underlying: Common Stock · 38,434 shares Expires not disclosed F5 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. F6 · derivative.exercise_date: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. F7 · derivative.expiration_date: Not applicable. Read SEC document |
| March 01, 2020 Filed Mar 3, 2020 23:29 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionRestricted Stock Units -7 · Derivative | 16,114 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-20-000067 · edgardoc.xml · derivative · entry 10 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 32,225 Underlying: Common Stock · 16,114 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F5 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. F6 · derivative.exercise_date: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. F7 · derivative.expiration_date: Not applicable. Read SEC document |
| March 01, 2020 Filed Mar 3, 2020 23:29 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionRestricted Stock Units -6 · Derivative | 16,766 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-20-000067 · edgardoc.xml · derivative · entry 9 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 16,766 Underlying: Common Stock · 16,766 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F5 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. F6 · derivative.exercise_date: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. F7 · derivative.expiration_date: Not applicable. Read SEC document |
| March 01, 2020 Filed Mar 3, 2020 23:29 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionRestricted Stock Units -4 · Derivative | 20,215 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-20-000067 · edgardoc.xml · derivative · entry 8 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 20,215 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F5 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. F6 · derivative.exercise_date: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. F7 · derivative.expiration_date: Not applicable. Read SEC document |
| March 01, 2020 Filed Mar 3, 2020 23:29 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Tax withholdingCommon Stock | 26,326 | $107.99 | $2,842,944.74 |
DisclosureSEC source: 0001633917-20-000067 · edgardoc.xml · nonDerivative · entry 6 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 195,770 F3 · shares: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person. Read SEC document |
| March 01, 2020 Filed Mar 3, 2020 23:29 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionCommon Stock | 16,114 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-20-000067 · edgardoc.xml · nonDerivative · entry 5 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 222,096 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| March 01, 2020 Filed Mar 3, 2020 23:29 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionCommon Stock | 16,766 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-20-000067 · edgardoc.xml · nonDerivative · entry 4 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 205,982 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| March 01, 2020 Filed Mar 3, 2020 23:29 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionCommon Stock | 20,215 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-20-000067 · edgardoc.xml · nonDerivative · entry 3 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 189,216 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| March 01, 2020 Filed Mar 3, 2020 23:29 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Tax withholdingCommon Stock | 60,138 | $107.99 | $6,494,302.62 |
DisclosureSEC source: 0001633917-20-000067 · edgardoc.xml · nonDerivative · entry 2 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 169,001 F2 · shares: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 3/1/2020. Read SEC document |
| March 01, 2020 Filed Mar 3, 2020 23:29 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | GrantCommon Stock | 121,294 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-20-000067 · edgardoc.xml · nonDerivative · entry 1 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 229,139 F1 · shares: Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2017-2019 performance period, which were vested as shares of common stock on 3/1/2020. Read SEC document |
| February 19, 2020 Filed Feb 20, 2020 23:52 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 5,460 | $122.63 | $669,559.80 |
DisclosureSEC source: 0001633917-20-000052 · edgardoc.xml · nonDerivative · entry 1 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 107,845 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. Read SEC document |
| February 15, 2020 Filed Feb 19, 2020 23:45 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Tax withholdingCommon Stock | 2,963 | $122.99 | $364,419.37 |
DisclosureSEC source: 0001633917-20-000045 · edgardoc.xml · nonDerivative · entry 2 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 113,305 F2 · shares: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 2/15/2020. Read SEC document |
| February 15, 2020 Filed Feb 19, 2020 23:45 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | GrantCommon Stock | 8,423 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-20-000045 · edgardoc.xml · nonDerivative · entry 1 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Off 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 116,268 F1 · shares: Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2019 performance period, which were vested as shares of common stock on 2/15/2020. Read SEC document |
| October 25, 2019 Filed Oct 30, 2019 01:40 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 5,507 | $104.46 | $575,261.22 |
DisclosureSEC source: 0000899243-19-026262 · doc4.xml · nonDerivative · entry 1 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Oper 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 107,845 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. Read SEC document |
| September 15, 2019 Filed Sep 17, 2019 21:40 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionRestricted Stock Units -1 · Derivative | 10,923 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-19-000202 · edgardoc.xml · derivative · entry 3 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Oper 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 10,923 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. F3 · derivative.exercise_date: The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. F4 · derivative.expiration_date: Not applicable. Read SEC document |
| September 15, 2019 Filed Sep 17, 2019 21:40 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Tax withholdingCommon Stock | 5,416 | $107.00 | $579,512.00 |
DisclosureSEC source: 0001633917-19-000202 · edgardoc.xml · nonDerivative · entry 2 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Oper 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 113,352 F1 · shares: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person. Read SEC document |
| September 15, 2019 Filed Sep 17, 2019 21:40 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionCommon Stock | 10,923 | $0.00 | $0.00 |
DisclosureSEC source: 0001633917-19-000202 · edgardoc.xml · nonDerivative · entry 1 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Oper 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 118,768 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| August 26, 2019 Filed Aug 28, 2019 22:08 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionNon-Qualified Stock Option (right to buy) · Derivative | 7,283 | $0.00 Strike: $33.80 | $0.00 |
DisclosureSEC source: 0001633917-19-000194 · edgardoc.xml · derivative · entry 3 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Ops 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 7,283 shares Expires 2022-09-15 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F3 · derivative.exercise_date: Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter. Read SEC document |
| August 26, 2019 Filed Aug 28, 2019 22:08 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 7,283 | $107.23 | $780,941.52 |
DisclosureSEC source: 0001633917-19-000194 · edgardoc.xml · nonDerivative · entry 2 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Ops 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 107,845 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. F2 · price: Represents the weighted average price of shares sold at prices that ranged from $107.01 to $107.23. Read SEC document |
| August 26, 2019 Filed Aug 28, 2019 22:08 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionCommon Stock | 7,283 | $33.80 | $246,165.40 |
DisclosureSEC source: 0001633917-19-000194 · edgardoc.xml · nonDerivative · entry 1 Rainey John D · CIK 0001547433 · CFO and EVP, Global Cust Ops 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 115,128 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| April 26, 2019 Filed Apr 30, 2019 23:35 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | Exercise / conversionNon-Qualified Stock Option (right to buy) · Derivative | 5,462 | $0.00 Strike: $33.80 | $0.00 |
DisclosureSEC source: 0001633917-19-000122 · edgardoc.xml · derivative · entry 6 Rainey John D · CIK 0001547433 · CFO and EVP, Global Customer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,283 Underlying: Common Stock · 5,462 shares Expires 2022-09-15 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F6 · derivative.exercise_date: Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter. Read SEC document |
| April 26, 2019 Filed Apr 30, 2019 23:35 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 1,669 | $109.44 | $182,657.70 |
DisclosureSEC source: 0001633917-19-000122 · edgardoc.xml · nonDerivative · entry 5 Rainey John D · CIK 0001547433 · CFO and EVP, Global Customer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 107,845 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. F5 · price: Represents the weighted average price of shares sold that ranged from $109.05 to $109.72. Read SEC document |
| April 26, 2019 Filed Apr 30, 2019 23:35 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 6,794 | $108.57 | $737,590.61 |
DisclosureSEC source: 0001633917-19-000122 · edgardoc.xml · nonDerivative · entry 4 Rainey John D · CIK 0001547433 · CFO and EVP, Global Customer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 109,514 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. F4 · price: Represents the weighted average price of shares sold that ranged from $108.04 to $109.00. Read SEC document |
| April 26, 2019 Filed Apr 30, 2019 23:35 UTC | PayPal Holdings, Inc. PYPL · Entity 2530 | SaleCommon Stock | 1,009 | $109.49 | $110,477.53 |
DisclosureSEC source: 0001633917-19-000122 · edgardoc.xml · nonDerivative · entry 3 Rainey John D · CIK 0001547433 · CFO and EVP, Global Customer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 116,308 F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. F3 · price: Represents the weighted average price of shares sold that ranged from $109.16 to $109.72. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.