Global Payments (NYSE: GPN) CAO surrenders 133 shares to cover vesting taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBAL PAYMENTS INC Chief Accounting Officer Jennifer Bozeman Whyte reported a small tax-related share disposition. On the vesting of equity awards, she surrendered 133 shares of common stock to the company at $76.46 per share to cover taxes. After this tax-withholding transaction, she directly holds 8,915 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Whyte Jennifer Bozeman
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 133 | $76.46 | $10K |
Holdings After Transaction:
Common Stock — 8,915 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GLOBAL PAYMENTS INC (GPN) report for Jennifer Bozeman Whyte?
GLOBAL PAYMENTS INC reported that Chief Accounting Officer Jennifer Bozeman Whyte disposed of 133 common shares. The shares were surrendered back to the company to cover taxes triggered by the vesting of equity awards, rather than sold on the open market.
Was the GLOBAL PAYMENTS INC (GPN) Form 4 transaction an open market sale?
No, the transaction was not an open market sale. The Form 4 and footnote state the 133 shares were disposed of to the company specifically to cover tax obligations on the vesting of equity awards, a common administrative share-withholding practice.
What does transaction code F mean in the GLOBAL PAYMENTS INC (GPN) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. Here, it means 133 GLOBAL PAYMENTS INC shares were surrendered to the company to satisfy taxes due when previously granted stock awards vested.