Corpay (NYSE: CPAY) leader cashes out options in $410+ share sales
Rhea-AI Filing Summary
CORPAY, INC. (CPAY) reported insider transactions by officer Alan King, Group President Intl Vehicle Payments. On August 14 and 18, 2026, King exercised 25,785 employee stock options at exercise prices of $261.07, $231.70, and $196.18 per share, receiving an equal number of common shares.
Across those dates, he then sold 25,785 common shares in open-market transactions at weighted average prices around $410–$420 per share, as detailed in footnotes that provide one-dollar price ranges for each sale batch.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 25,785 shares ($4.36M approx. pre-tax spread)
Exercise and Sale
14 txns
Insider
King Alan
Role
GroupPresident IntlVehiclePmts
Sold
25,785 shs ($10.65M)
Approx. gross sale proceeds
$10.65M
Approx. exercise cost
$6.29M
Approx. pre-tax spread
$4.36M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Options | 6,600 | $0.00 | $0.00 |
| Exercise | Stock Options Holding | 9,600 | $0.00 | $0.00 |
| Exercise | Employee Stock Options | 2,463 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,600 | $261.07 | $1.72M |
| Sale | Common Stock F2 | 183 | $410.0852 | $75K |
| Sale | Common Stock F3 | 2,617 | $410.8758 | $1.08M |
| Sale | Common Stock F4 | 3,800 | $412.0986 | $1.57M |
| Exercise | Common Stock | 9,600 | $231.70 | $2.22M |
| Sale | Common Stock | 9,600 | $410.00 | $3.94M |
| Exercise | Common Stock | 2,463 | $196.18 | $483K |
| Sale | Common Stock F5 | 2,463 | $410.1239 | $1.01M |
| Exercise | Employee Stock Options | 7,122 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,122 | $261.07 | $1.86M |
| Sale | Common Stock F1 | 7,122 | $419.5763 | $2.99M |
Holdings After Transaction:
Employee Stock Options — 98,431 shares (Direct);
Stock Options Holding — 0 shares (Direct);
Common Stock — 24,537 shares (Direct)
Footnotes (5)
- F1. Reflects the weighted average sale price. The range of prices for such transaction is $419.50 to $419.74. 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.
- F2. Reflects the weighted average sale price. The range of prices for such transaction is $410.05 to $410.09. 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 $410.62 to $411.20. 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 $411.72 to $412.26. 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 $410 to $410.28. 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: 25,785 shares
Shares Sold: 25,785 shares
Exercise Price: $261.0700 per share
+4 more
7 metrics
Options Exercised
25,785 shares
Total derivative exercise shares reported in transactionSummary
Shares Sold
25,785 shares
Total sellShares across reported non-derivative sales
Exercise Price
$261.0700 per share
Conversion or exercise price for certain employee stock options
Exercise Price
$231.7000 per share
Conversion or exercise price for stock options exercised on 2026-08-18
Exercise Price
$196.1800 per share
Conversion or exercise price for stock options exercised on 2026-08-18
Sale Price (weighted average)
$419.5763 per share
Weighted average price for 7,122-share sale on 2026-08-14
Sale Price (example)
$410.0000 per share
Price for a 9,600-share open-market sale on 2026-08-18
Key Terms
employee stock options, derivative security, weighted average sale price, open market sale transactions
4 terms
employee stock options financial
"security_title "Employee Stock Options" with stated exercise prices and expiration dates"
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.
derivative security financial
"transaction_code_description "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
weighted average sale price financial
"Footnotes state "Reflects the weighted average sale price" with price ranges"
open market sale transactions financial
"Footnotes describe "Open market sale transactions" executed through a broker-dealer"
FAQ
What did CORPAY (CPAY) executive Alan King report in this Form 4?
Alan King reported exercising 25,785 stock options and selling 25,785 CORPAY common shares in open-market transactions on August 14 and 18, 2026, converting option awards into cash proceeds while eliminating those specific option positions.
How many CORPAY (CPAY) options did Alan King exercise and at what strike prices?
Alan King exercised 25,785 employee stock options at exercise prices of $261.07, $231.70, and $196.18 per share, converting them into an equal number of CORPAY common shares before the reported sales.
Were Alan King’s CORPAY (CPAY) transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not affirmatively marked and the footnotes do not state that the trades were made under a Rule 10b5-1 plan, so no plan status is indicated in this report.
What is the net effect of Alan King’s Form 4 transactions on CORPAY (CPAY) holdings?
The transactions show 25,785 options exercised and 25,785 shares sold, for a net-sell of 25,785 shares. The filing does not state his remaining CORPAY holdings after these trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.