Global Payments (NYSE: GPN) starts $550 million accelerated buyback
Rhea-AI Filing Summary
Global Payments Inc. entered into an accelerated share repurchase (ASR) agreement to buy back $550 million of its common stock under its existing board-approved repurchase program. The company expects to initially receive about 5,414,718 shares on February 20, 2026, with the final number of shares determined by the average daily volume-weighted average price of its stock during the ASR period, less a discount and subject to contractual adjustments. Final settlement is expected no later than March 30, 2026.
Positive
- None.
Negative
- None.
Insights
Global Payments commits $550 million to an accelerated share repurchase, signaling a sizable return of capital to shareholders.
Global Payments Inc. has initiated an accelerated share repurchase for
An ASR concentrates repurchases into a defined window using the average daily volume-weighted average price less a discount. This structure can quickly reduce shares outstanding while locking in a rules-based price mechanism agreed with the counterparty.
The company expects the ASR to be finally settled by
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
Commission file number
(Exact name of registrant as specified in charter)
| (State
or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including
area code: (
NONE
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act
| Title of each class | Trading symbol | Name of exchange on which registered | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01. Other Events
On February 18, 2026, Global Payments Inc. (the “Company”) entered into an accelerated share repurchase (“ASR”) program to repurchase an aggregate of $550 million of the Company’s shares of common stock as part of the Company’s previously announced, board-approved share repurchase program. Approximately 5,414,718 shares of the Company’s common stock to be repurchased under the ASR will be received by the Company on February 20, 2026. The total number of shares that the Company will repurchase under the ASR will generally be based on the average of the daily volume-weighted average prices of the Company’s common stock during the repurchase period, less a discount and subject to adjustments pursuant to the terms of the ASR. Final settlement of the ASR is expected to occur no later than March 30, 2026.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| GLOBAL PAYMENTS INC. | |||
| Date: | February 19, 2026 | By: | /s/ Joshua J. Whipple |
| Joshua J. Whipple | |||
| Chief Financial Officer | |||
FAQ
What did Global Payments Inc. (GPN) announce in this 8-K?
How large is Global Payments’ new accelerated share repurchase program?
How many Global Payments shares will be initially delivered under the ASR?
How will the final number of Global Payments shares repurchased be determined?
When is the Global Payments ASR expected to be fully settled?
Is the Global Payments ASR part of a previously authorized buyback program?
Filing Exhibits & Attachments
4 documents