Corpay CEO sells 213,860 shares after option exercise
Rhea-AI Filing Summary
CORPAY, INC. (CPAY) reported insider transactions by CEO and Chairman Ronald Clarke involving option exercises and share sales. On August 21, 2026, he exercised 450,000 Employee Stock Options with a $150.7400 exercise price, acquiring 450,000 shares of Common Stock, and had 200,000 options remaining after the exercise. In connection with this exercise, 290,043 shares of Common Stock were delivered or withheld at $417.1300 per share for payment of exercise price or tax liability under Rule 16b-3. On August 24–25, 2026, he conducted open-market sales totaling 213,860 shares of Common Stock in multiple trades, at weighted average prices generally between about $409 and $420 per share, each sale reported with one-dollar price ranges.
Positive
- None.
Negative
- None.
Insights
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Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
17 txns
Insider
Clarke Ronald
Role
CEO & Chairman of BOD
Sold
213,860 shs ($88.51M)
Approx. gross sale proceeds
$88.51M
Approx. exercise cost
$67.83M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F8 | 6,854 | $409.5609 | $2.81M |
| Sale | Common Stock F9 | 12,109 | $410.5612 | $4.97M |
| Sale | Common Stock F10 | 15,575 | $411.4938 | $6.41M |
| Sale | Common Stock F11 | 50,504 | $412.585 | $20.84M |
| Sale | Common Stock F12 | 24,670 | $413.4248 | $10.20M |
| Sale | Common Stock F13 | 9,581 | $414.572 | $3.97M |
| Sale | Common Stock F14 | 193 | $415.1132 | $80K |
| Sale | Common Stock F2 | 5,882 | $414.1562 | $2.44M |
| Sale | Common Stock F3 | 51,919 | $415.1213 | $21.55M |
| Sale | Common Stock F4 | 16,540 | $415.8169 | $6.88M |
| Sale | Common Stock F5 | 8,409 | $417.292 | $3.51M |
| Sale | Common Stock F6 | 7,545 | $418.0752 | $3.15M |
| Sale | Common Stock F7 | 4,039 | $418.8556 | $1.69M |
| Sale | Common Stock | 40 | $419.615 | $17K |
| Exercise | Employee Stock Options | 450,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 450,000 | $150.74 | $67.83M |
| Exercise Price or Tax Liability | Common Stock F1 | 290,043 | $417.13 | $120.99M |
Holdings After Transaction:
Employee Stock Options — 200,000 contracts (Direct);
Common Stock — 2,354,330 shares (Direct)
Footnotes (14)
- F1. Payment of tax liability and exercise price by withholding securities incident to the exercise of a security issued in accordance with Rule 16b-3
- F2. Reflects the weighted average sale price. The range of prices for such transaction is $413.54 to $414.54. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- F3. Reflects the weighted average sale price. The range of prices for such transaction is $414.55 to $415.55. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- F4. Reflects the weighted average sale price. The range of prices for such transaction is $415.56 to $416.56. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- F5. Reflects the weighted average sale price. The range of prices for such transaction is $416.58 to $417.58. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- F6. Reflects the weighted average sale price. The range of prices for such transaction is $417.59 to $418.59. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- F7. Reflects the weighted average sale price. The range of prices for such transaction is $418.60 to $419.35. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- F8. Reflects the weighted average sale price. The range of prices for such transaction is $408.99 to $409.99. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- F9. Reflects the weighted average sale price. The range of prices for such transaction is $410 to $410.99. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- F10. Reflects the weighted average sale price. The range of prices for such transaction is $411.01 to $412.01. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- F11. Reflects the weighted average sale price. The range of prices for such transaction is $412.02 to $413.02. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- F12. Reflects the weighted average sale price. The range of prices for such transaction is $413.03 to $414.03. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- F13. Reflects the weighted average sale price. The range of prices for such transaction is $414.04 to $415.04. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- F14. Reflects the weighted average sale price. The range of prices for such transaction is $415.07 to $415.14. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
Key Figures
Options exercised: 450,000 shares
Option exercise price: $150.7400 per share
Shares acquired on exercise: 450,000 shares
+4 more
7 metrics
Options exercised
450,000 shares
Employee Stock Options exercised on August 21, 2026
Option exercise price
$150.7400 per share
Conversion or exercise price for Employee Stock Options
Shares acquired on exercise
450,000 shares
Common Stock acquired via option exercise on August 21, 2026
Shares withheld for exercise price or taxes
290,043 shares at $417.1300 per share
Code F transaction for payment of exercise price or tax liability
Net shares sold
213,860 shares
Open-market sales of Common Stock on August 24–25, 2026
Remaining options after exercise
200,000 options
Employee Stock Options position following August 21, 2026 exercise
Representative sale price
$415.1213 per share
Weighted average sale price for 51,919-share transaction on August 24, 2026
Key Terms
Employee Stock Options, Rule 16b-3, weighted average sale price, open market sale transactions, +1 more
5 terms
Employee Stock Options financial
"security_title": "Employee Stock Options""
Employee stock options are contracts that give workers the right to buy a company's shares at a set price sometime in the future, like a coupon that lets you purchase stock at today’s price later on. Investors care because they align employees’ incentives with company performance and create a potential future claim on shares that can reduce existing owners’ percentage and add to a company’s reported compensation costs.
Rule 16b-3 regulatory
"exercise of a security issued in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
weighted average sale price financial
"Reflects the weighted average sale price. The range of prices"
open market sale transactions financial
"Open market sale transactions were made on the same day"
withholding securities financial
"Payment of tax liability and exercise price by withholding securities"
FAQ
What insider transactions did CPAY CEO Ronald Clarke report on this Form 4?
Ronald Clarke reported exercising 450,000 Employee Stock Options at an exercise price of $150.7400 per share, with 200,000 options remaining, and open-market sales totaling 213,860 shares of Corpay, Inc. Common Stock on August 24–25, 2026.
How many Corpay (CPAY) options did Ronald Clarke exercise and what is the strike price?
Ronald Clarke exercised 450,000 Employee Stock Options on August 21, 2026. The option’s exercise price (conversion price) was $150.7400 per share, and the options related to 850,000 underlying Common Stock shares, with 200,000 options reported remaining afterward.
How were taxes and exercise price handled for Ronald Clarke’s CPAY option exercise?
For the August 21, 2026 option exercise, 290,043 shares of Corpay, Inc. Common Stock were delivered or withheld at $417.1300 per share for payment of exercise price or tax liability, as described in a footnote referencing Rule 16b-3 treatment.
Were Ronald Clarke’s recent CPAY trades under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the footnotes describing the transactions do not state that these sales were executed pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
