Corpay director logs tax-withholding share disposition
Corpay, Inc. director Richard Macchia reported a tax-related share disposition.
Rhea-AI Filing Summary
Corpay, Inc. director Richard Macchia reported a tax-related share disposition. On the reported date, 216 shares of common stock were withheld at a price of $337.12 per share to cover tax liabilities tied to vesting of equity awarded under Rule 16b-3. After this tax-withholding disposition, Macchia’s directly owned holdings total 12,795 shares of Corpay common stock.
Positive
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Negative
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Insider Trade Summary
Exercise Price or Tax Liability: 216 shares
Exercise Price or Tax Liability
1 txn
Insider
Macchia Richard
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 216 | $337.12 | $73K |
Holdings After Transaction:
Common Stock — 12,795 shares (Direct)
Footnotes (1)
- F1. Payment of tax liability by withholding securities incident to the vesting of a security issued in accordance with Rule 16b-3
FAQ
What insider transaction did Corpay (CPAY) director Richard Macchia report?
Corpay director Richard Macchia reported a tax-related share disposition. The filing shows 216 shares of common stock were withheld to satisfy tax liabilities arising from the vesting of an equity award issued under Rule 16b-3.
Was Richard Macchia’s Corpay (CPAY) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 describes a tax-withholding disposition under code F, where 216 shares were withheld to pay tax liabilities when a restricted security vested, rather than sold on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.