Alex Chriss
Also at PayPal Holdings Inc
About
Alex Chriss is the President and CEO of PayPal (PYPL) and is 46 years old. He assumed his leadership role on September 27, 2023, marking a significant moment in his distinguished career. His appointment represents a notable transition as he brings decades of industry experience to drive PayPal's growth and innovation.
Before joining PYPL, Chriss spent nearly two decades at Intuit Inc., where he held several key leadership roles. He began his career at Intuit in July 2004 and rose through the ranks to serve as the Executive Vice President and General Manager of the Small Business and Self-Employed Group. During his time there, he contributed to major strategic initiatives, including the creation of a Partner & Developer Platform and the leadership of the Self-Employed Solutions team, as well as orchestrating a $12 billion acquisition of Mailchimp in 2021.
His extensive experience in product development, technology, and global payments underscores his ability to steer PayPal through evolving market challenges. With a strong track record for driving substantial customer and revenue growth, including a compound annual growth rate of 20% in customers and 23% in revenue, his leadership is set to foster further expansion at PYPL.
$PYPL Performance Under Alex Chriss
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Intuit | N/A | N/A | Extensive experience in product, technology, and global payments |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Annual Base Salary | $1,250,000 | Annualized (paid annually) | Determined by PayPal's Compensation Committee using competitive market data and individual performance |
| Make-Whole RSUs | $10,000,000 | Vesting: 50% on October 15, 2023 and 50% on October 15, 2024 | Granted as compensation for forfeited equity at previous employer; accelerates upon a Qualifying Termination |
Performance Compensation
2023 AIP Cash Payment
| Metric | Threshold | Target | Maximum | Actual Achieved | Notes |
|---|---|---|---|---|---|
| Revenue ($ billions) | $27.52B | $28.42B | $29.32B | $29.77B | 200% payout achieved |
| Non-GAAP Operating Margin (%) | 20.40% | 22.40% | 24.40% | 22.43% | 102% payout achieved |
| Company Performance Score | N/A | N/A | N/A | 151% | 75% weight on company performance |
| Individual Performance Score | N/A | 100% | 200% | 100% | 25% weight on individual performance |
Cash Payment Calculation:
- Base Salary used (prorated): $328,767
- AIP Target as % of Base Salary: 200%
- Target and Actual Cash Payment: $164,384
- Evaluation Period: Calendar year 2023
2023 AIP PBRSUs (Maximum Value)
| Component | Threshold Shares | Target Shares | Maximum Shares | Grant Date Fair Value | Vesting Date | Additional Details |
|---|---|---|---|---|---|---|
| AIP PBRSUs (Performance) | 2,056 | 8,225 | 16,450 | $458,544 | Fully vested on February 15, 2024 | Performance period: 2023; Payout scales linearly from 50% to 200% based on company performance |
Maximum Value: $917,088
Conditions: Tied to achievement of company performance metrics (including revenue growth and non-GAAP operating margin). Vesting occurs after the performance period is complete.