Global Payments (NYSE: GPN) COO nets 3,773 shares from performance award and tax withholding

Rhea-AI Filing Summary

GLOBAL PAYMENTS INC President and COO Robert M. Cortopassi received 8,288 shares of common stock as a fully vested award, earned from performance-based restricted stock units granted on February 21, 2023 and tied to adjusted earnings per share growth over a three-year period. On the same date, 4,515 shares were surrendered to the company to cover taxes on the vesting, resulting in a net increase of 3,773 shares and bringing his directly owned common stock to 52,895 shares, including shares acquired through a dividend reinvestment plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cortopassi Robert M

(Last) (First) (Middle)

3550 LENOX ROAD

(Street)

ATLANTA GA 30326

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GLOBAL PAYMENTS INC [ GPN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and COO

3. Date of Earliest Transaction (Month/Day/Year)
02/21/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/21/2026		A(1)		8,288	A	$82.47	57,410(2)	D
Common Stock	02/21/2026		F(3)		4,515	D	$82.47	52,895	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

2. Includes shares purchased pursuant to a dividend reinvestment plan.

3. Represents the disposition of shares to the company to cover taxes on the vesting of awards.

	/s/ Dara Steele-Belkin, attorney-in-fact for Robert M. Cortopassi	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did GLOBAL PAYMENTS INC (GPN) report for Robert M. Cortopassi?

GLOBAL PAYMENTS INC reported that President and COO Robert M. Cortopassi received 8,288 fully vested common shares and disposed of 4,515 shares to cover taxes. These actions were tied to performance-based restricted stock units vesting after a three-year earnings-per-share growth period.

How many GLOBAL PAYMENTS INC (GPN) shares does Robert M. Cortopassi own after this Form 4?

After these transactions, Robert M. Cortopassi directly owns 52,895 shares of GLOBAL PAYMENTS INC common stock. This figure includes shares accumulated through a dividend reinvestment plan, as disclosed in the footnotes to the Form 4 filing.

What was the nature of the 8,288-share award to GLOBAL PAYMENTS INC (GPN) executive Robert M. Cortopassi?

The 8,288-share award represents fully vested common stock issued upon vesting of performance-based restricted stock units. These units were originally granted on February 21, 2023 and were earned based on GLOBAL PAYMENTS INC’s adjusted earnings per share growth over a three-year performance period.

Why did Robert M. Cortopassi dispose of 4,515 GLOBAL PAYMENTS INC (GPN) shares?

The 4,515-share disposition reflects shares returned to GLOBAL PAYMENTS INC to cover taxes on the vesting of equity awards. This tax-withholding transaction is coded as "F" on the Form 4, indicating payment of tax liability using company stock.

At what price were the GLOBAL PAYMENTS INC (GPN) Form 4 transactions recorded?

Both the 8,288-share award and the 4,515-share tax-withholding disposition were recorded at a price of $82.47 per share. This price is used for reporting purposes in the Form 4 and applies to the non-derivative common stock transactions.

How were performance goals tied to Robert M. Cortopassi’s GLOBAL PAYMENTS INC (GPN) stock vesting?

The vested shares came from performance-based restricted stock units earned on GLOBAL PAYMENTS INC’s adjusted earnings per share growth. The footnotes state the performance was measured over a three-year period starting with the February 21, 2023 grant date.