GLOBAL PAYMENTS (GPN) CFO reports stock award vesting and tax share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBAL PAYMENTS INC Chief Financial Officer Joshua J. Whipple reported equity award activity in company stock. He acquired 24,014 shares of common stock at $82.47 per share through the vesting of performance-based restricted stock units earned on an adjusted earnings per share growth target over a three-year performance period. He then disposed of 12,248 shares at $82.47 per share to cover taxes due on the vesting, leaving 72,724 shares held directly and 160 shares held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Whipple Joshua J
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24,014 | $82.47 | $1.98M |
| Tax Withholding | Common Stock | 12,248 | $82.47 | $1.01M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 84,972 shares (Direct);
Common Stock — 160 shares (Indirect, By Spouse)
Footnotes (1)
- Represents shares of fully-vested stock issued as a result of the vesting of performance-based restricted stock units which were originally granted on February 21, 2023 and were earned based on the company's achievement of an adjusted earnings per share growth target over a three-year performance period. Represents the disposition of shares to the company to cover taxes on the vesting of awards.
FAQ
What insider transactions did GPN CFO Joshua Whipple report on this Form 4?
Joshua Whipple reported the vesting of performance-based restricted stock units into 24,014 shares and a related tax-withholding disposition of 12,248 shares, both at $82.47 per share. These transactions reflect equity compensation activity rather than open-market buying or selling.
Were the GLOBAL PAYMENTS (GPN) insider transactions open-market purchases or sales?
The transactions were not open-market trades. Shares were acquired through vesting of performance-based restricted stock units, and shares were disposed of back to the company solely to cover taxes owed on the vesting of those awards, according to the filing footnotes.
What performance conditions were tied to the vested GLOBAL PAYMENTS (GPN) stock units?
The vested shares came from performance-based restricted stock units originally granted on February 21, 2023. They were earned based on the company’s achievement of an adjusted earnings per share growth target measured over a three-year performance period, as described in the filing footnotes.