On July 23, 2024, PayPal Holdings, Inc. announced the immediate resignation of John Donahoe as Chair and member of the Board of Directors. Donahoe had held the position since PayPal became an independent public company in 2015. His departure is not due to any disagreements with the company's operations, policies, or practices. Following his resignation, the Board appointed Enrique Lores, President and CEO of HP Inc. and a Board member since June 2021, as the new Chair. Additionally, on July 24, 2024, PayPal's Compensation Committee approved amendments to the Executive Change in Control and Severance Plan, which include changes to severance triggers and payments, and adjustments to restrictive covenants to align with current laws and governance practices. These amendments are detailed in the Restated Plan, which is attached to the report as Exhibit 10.1.

On July 23, 2024, PayPal Holdings, Inc. announced the immediate resignation of John Donahoe as Chair and member of the Board of Directors. Donahoe had held the position since PayPal became an independent public company in 2015. His departure is not due to any disagreements with the company's operations, policies, or practices. Following his resignation, the Board appointed Enrique Lores, President and CEO of HP Inc. and a Board member since June 2021, as the new Chair. Additionally, on July 24, 2024, PayPal's Compensation Committee approved amendments to the Executive Change in Control and Severance Plan, which include changes to severance triggers and payments, and adjustments to restrictive covenants to align with current laws and governance practices. These amendments are detailed in the Restated Plan, which is attached to the report as Exhibit 10.1.