GLOBALFOUNDRIES (GFS) manufacturing chief has RSUs vest, 2,714 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. Chief Manufacturing Officer Pradip Singh Hardip Singh reported routine equity compensation activity. On May 1, 2026, restricted stock units vested and settled into 5,315 ordinary shares, reflecting previously granted awards.
To cover related tax obligations, the issuer withheld 2,714 ordinary shares at $64.60 per share in a non-market, tax-withholding disposition. Following these events, he directly holds 51,764 ordinary shares and 70,095 RSUs scheduled to vest between February 27, 2027 and March 1, 2029, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Singh Pradip Singh Hardip
Role
Chief Manufacturing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 2,714 | $64.60 | $175K |
| holding | Restricted Share Units | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 51,764 shares (Direct, null);
Restricted Share Units — 70,095 shares (Direct, null)
Footnotes (1)
- Reflects the vesting and settlement of restricted stock units (RSUs) into 5,315 ordinary shares on May 1, 2026. Represents RSUs, 37,281 of which vest in equal installments on March 1, 2027, 2028 and 2029, 22,826 of which vest in equal installments on March 1, 2027 and 2028, 5,315 of which vest on May 1, 2027, and 4,673 of which vest on February 27, 2027, subject to the Reporting Person's continuous service through each such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's ordinary shares upon settlement. Represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of RSUs.
Key Figures
Shares withheld for taxes: 2,714 shares
Withholding price: $64.60 per share
Vested RSUs into shares: 5,315 ordinary shares
+4 more
7 metrics
Shares withheld for taxes
2,714 shares
Ordinary shares withheld at $64.60 to satisfy tax obligations
Withholding price
$64.60 per share
Value used for tax-withholding disposition on May 1, 2026
Vested RSUs into shares
5,315 ordinary shares
RSUs vested and settled into shares on May 1, 2026
Post-transaction ordinary shares
51,764 shares
Direct holdings after tax-withholding disposition
RSUs outstanding
70,095 RSUs
Restricted share units scheduled to vest between 2027 and 2029
Future vesting block
37,281 RSUs
Vest in equal installments on March 1, 2027, 2028 and 2029
Additional vesting blocks
22,826; 5,315; 4,673 RSUs
Vest on March 1, 2027–2028, May 1, 2027 and February 27, 2027
Key Terms
restricted stock units, RSUs, vesting and settlement, tax withholding obligations, +1 more
5 terms
restricted stock units financial
"Reflects the vesting and settlement of restricted stock units (RSUs) into 5,315 ordinary shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Represents RSUs, 37,281 of which vest in equal installments on March 1, 2027, 2028 and 2029"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vesting and settlement financial
"Reflects the vesting and settlement of restricted stock units (RSUs) into 5,315 ordinary shares"
tax withholding obligations financial
"Represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did GLOBALFOUNDRIES (GFS) disclose in this Form 4 for its Chief Manufacturing Officer?
GLOBALFOUNDRIES reported that Chief Manufacturing Officer Pradip Singh Hardip Singh had 5,315 restricted stock units vest into ordinary shares. The company also withheld 2,714 shares at $64.60 each to satisfy his tax obligations related to this vesting event.
What is the remaining RSU position for the GLOBALFOUNDRIES (GFS) officer after this transaction?
The officer holds 70,095 restricted share units after the event. These RSUs vest in installments on March 1, 2027, 2028 and 2029, May 1, 2027, and February 27, 2027, subject to his continuous service through each stated vesting date.
Was the Form 4 transaction for GLOBALFOUNDRIES (GFS) an open-market sale or a tax event?
The Form 4 reflects a tax event rather than an open-market sale. Shares were withheld by GLOBALFOUNDRIES to satisfy the officer’s tax withholding obligations arising from RSU vesting, categorized as a tax-withholding disposition under transaction code F.