Corpay (CPAY) executive exercises options and sells 70,476 shares in Form 4 filing

Rhea-AI Filing Summary

Corpay, Inc. executive Armando Lins reported an exercise-and-sell transaction in company stock. On June 15, 2026, he exercised employee stock options to acquire a total of 70,476 shares of Corpay common stock and, on the same date, completed an open-market sale of 70,476 common shares at an average price of $352.1308 per share.

Following these transactions, Lins holds 11,274 Corpay common shares directly. The derivative summary in this filing shows no remaining employee stock options, indicating that the reported option positions were fully exercised.

Insights

Equity analyst

Corpay executive fully exercises options and sells matching shares.

Armando Lins, a senior executive at Corpay, Inc., exercised employee stock options covering 70,476 shares of common stock and sold 70,476 shares in an open-market transaction at $352.1308 per share on June 15, 2026.

This pattern is a classic exercise-and-sell: options are converted into shares, then those shares are sold, effectively turning an options position into cash while leaving 11,274 shares still held. The filing’s derivative section shows no remaining options, so this represents a full exercise of the reported grants.

The transaction is sizable in absolute share terms, but it is compensation-related activity rather than a new investment. Its significance depends on how it fits into Lins’s broader compensation and diversification plans, context that would come from additional company disclosures beyond this single filing.

Insider Trade Summary

Net Seller: 70,476 shares ($24,816,770)

Net Sell 9 txns

Insider Netto Armando Lins

Role GroupPresident Brazil&USVehPmt

Sold 70,476 shs ($24.82M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Options	20,000	$0.00	--
Exercise	Employee Stock Options	513	$0.00	--
Exercise	Employee Stock Options	36,704	$0.00	--
Exercise	Employee Stock Options	13,259	$0.00	--
Exercise	Common Stock	513	$196.18	$101K
Exercise	Common Stock	13,259	$200.41	$2.66M
Exercise	Common Stock	36,704	$225.45	$8.27M
Exercise	Common Stock	20,000	$231.70	$4.63M
Sale	Common Stock	70,476	$352.1308	$24.82M

Holdings After Transaction: Employee Stock Options — 0 shares (Direct, null); Common Stock — 11,787 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 70,476 shares of common stock Sale price: $352.1308 per share Options exercised at $231.70: 20,000 shares +5 more

8 metrics

Shares sold 70,476 shares of common stock Open-market sale at $352.1308 per share on June 15, 2026

Sale price $352.1308 per share Price for 70,476 common shares sold June 15, 2026

Options exercised at $231.70 20,000 shares Employee stock options exercised into common stock

Options exercised at $225.45 36,704 shares Employee stock options exercised into common stock

Options exercised at $200.41 13,259 shares Employee stock options exercised into common stock

Options exercised at $196.18 513 shares Employee stock options exercised into common stock

Shares owned after transaction 11,274 shares Direct Corpay common stock holdings post-transaction

Net share change -70,476 shares Net of exercises and sales in this Form 4

Key Terms

open-market sale, Employee Stock Options, derivative security, non-derivative, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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.

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.

non-derivative financial

""transaction_type": "non-derivative""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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)
06/15/2026

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	06/15/2026		M		513	A	$196.18	11,787	D
Common Stock	06/15/2026		M		13,259	A	$200.41	25,046	D
Common Stock	06/15/2026		M		36,704	A	$225.45	61,750	D
Common Stock	06/15/2026		M		20,000	A	$231.7	81,750	D
Common Stock	06/15/2026		S		70,476	D	$352.1308	11,274	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
Employee Stock Options	$231.7	06/15/2026		M			20,000	02/27/2020	02/27/2029	Common Stock	20,000	$0	0	D
Employee Stock Options	$196.18	06/15/2026		M			513	03/27/2021	03/27/2030	Common Stock	25,063	$0	0	D
Employee Stock Options	$225.45	06/15/2026		M			36,704	01/24/2023	01/24/2032	Common Stock	36,704	$0	0	D
Employee Stock Options	$200.41	06/15/2026		M			13,259	01/23/2024	01/23/2033	Common Stock	17,679	$0	4,420	D

Explanation of Responses:

	/s/ Crystal Williams, under a power of attorney	06/16/2026
	** 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?

Corpay (CPAY) reported that executive Armando Lins exercised employee stock options for 70,476 common shares and sold 70,476 shares in an open-market transaction, all dated June 15, 2026, according to this Form 4 insider filing.

How many Corpay (CPAY) shares did Armando Lins sell and at what price?

Armando Lins sold 70,476 shares of Corpay common stock at an average price of $352.1308 per share. The transaction was reported as an open-market sale in this Form 4 insider filing.

Did Armando Lins exercise stock options in Corpay (CPAY)?

Yes. The Form 4 shows multiple employee stock option exercises by Armando Lins, converting options into a total of 70,476 Corpay common shares. These exercises were reported with specific strike prices and linked to the same June 15, 2026 transaction date.

How many Corpay (CPAY) shares does Armando Lins own after the reported trades?

After the June 15, 2026 transactions, Armando Lins directly owns 11,274 shares of Corpay common stock. This post-transaction holding is disclosed in the non-derivative transaction line of the Form 4 filing.

What is the overall direction of Armando Lins’s Corpay (CPAY) insider activity?

The activity reflects an exercise-and-sell pattern. Lins exercised employee stock options to acquire 70,476 Corpay shares and sold 70,476 shares, resulting in a net sale of 70,476 shares while retaining 11,274 shares afterward.