GLOBAL PAYMENTS (NYSE: GPN) CEO receives restricted stock and surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBAL PAYMENTS INC Chief Executive Officer Cameron M. Bready reported equity compensation and related tax-share dispositions. On February 27, he received awards of 119,017 and 3,798 restricted common shares at a reference price of $76.46 per share. Footnotes state these restricted shares were granted as compensation and will vest over one to three years.
On February 28 and March 1, he disposed of 9,750 and 3,924 common shares, respectively, at $76.46 per share to cover taxes due upon vesting of awards, rather than through open-market sales. After these transactions, he directly held 447,929 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Bready Cameron M
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,924 | $76.46 | $300K |
| Tax Withholding | Common Stock | 9,750 | $76.46 | $745K |
| Grant/Award | Common Stock | 119,017 | $76.46 | $9.10M |
| Grant/Award | Common Stock | 3,798 | $76.46 | $290K |
Holdings After Transaction:
Common Stock — 434,255 shares (Direct)
Footnotes (1)
- Represents restricted shares of common stock, which were granted to the reporting person as compensation. The restricted shares will vest in equal installments on each of the first three anniversaries of the grant date. Represents restricted shares of common stock, which were granted to the reporting person as compensation. The restricted shares will vest in their entirety on the first anniversary of the grant date. Represents the disposition of shares to the company to cover taxes on the vesting of awards.
FAQ
What insider transactions did GPN CEO Cameron Bready report on this Form 4?
Cameron Bready reported receiving restricted stock awards and related tax-share dispositions. He acquired 119,017 and 3,798 restricted common shares, then disposed of 9,750 and 3,924 shares to satisfy tax obligations tied to vesting, all at a reference price of $76.46 per share.
What are the vesting terms of the GPN CEO’s new restricted stock awards?
The awards have different vesting schedules. One grant of restricted common shares vests in equal installments on each of the first three anniversaries of the grant date, while another vests in full on the first anniversary, according to the accompanying footnotes.
What transaction codes appear in the GLOBAL PAYMENTS (GPN) Form 4 filing?
The filing shows code A for grant or award acquisitions and code F for tax-related dispositions. Code A reflects compensatory grants of restricted stock, while code F indicates shares delivered to the company to pay taxes due upon vesting of equity awards.