Corpay (NYSE: CPAY) executive has 760 shares withheld for taxes

Rhea-AI Filing Summary

Corpay, Inc. executive Armando Lins Netto reported a routine tax-related share disposition. On the vesting of equity under Rule 16b-3, 760 shares of Common Stock were withheld at $310.22 per share to cover tax liabilities. After this withholding, he directly holds 33,035 shares, so the transaction affects only a small portion of his position and does not represent an open-market sale.

Insights

Insider transactions specialist

Small, routine tax withholding; no open-market trade or strong signal.

Armando Lins Netto, a senior executive at Corpay, Inc., had 760 shares withheld to satisfy tax obligations tied to vesting equity under Rule 16b-3. The Form 4 classifies this as a tax-withholding disposition, not a market sale.

Following the transaction, he directly owns 33,035 shares of Common Stock, so the withheld amount is a minor fraction of his holdings. Because this was driven by tax requirements rather than discretionary trading, it offers limited insight into his view of Corpay’s prospects.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Netto Armando Lins

(Last) (First) (Middle)

3280 PEACHTREE RD NE

SUITE 2400

(Street)

ATLANTA GEORGIA 30305

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CORPAY, INC. [ CPAY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GroupPresident Brazil&USVehPmt

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	03/17/2026		F		760	D	$310.22	33,035	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Payment of tax liability by withholding securities incident to the vesting of a security issued in accordance with Rule 16b-3

	/s/ Crystal Williams, under a power of attorney	03/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Corpay (CPAY) report for Armando Lins Netto?

Corpay reported that executive Armando Lins Netto had 760 shares of Common Stock withheld to cover taxes on vested equity. This was recorded as a tax-withholding disposition, not an open-market purchase or sale of shares.

Was the Corpay (CPAY) Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 760 shares were withheld to pay tax liabilities when equity vested under Rule 16b-3, so there was no discretionary trading in the market.

How many Corpay (CPAY) shares does Armando Lins Netto hold after this Form 4?

After the reported tax withholding, Armando Lins Netto directly holds 33,035 shares of Corpay Common Stock. The 760 shares withheld for taxes represent only a small portion of his total reported direct holdings.

What price was used for the Corpay (CPAY) tax-withholding shares on the Form 4?

The Form 4 lists a price of $310.22 per share for the 760 shares withheld to cover tax obligations. This price is used to value the tax-withholding disposition associated with the vesting equity award.

What does Rule 16b-3 vesting mean in the Corpay (CPAY) insider filing?

The filing notes that the tax withholding occurred upon vesting of equity issued under Rule 16b-3. This rule governs certain insider compensation arrangements, and here it indicates shares vested and some were withheld to satisfy related tax liabilities.