GLOBAL PAYMENTS CEO reports stock awards, tax share offsets
GLOBAL PAYMENTS INC Chief Executive Officer Cameron M. Bready reported equity compensation and related tax-share dispositions.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,924 | $76.46 | $300K |
| Exercise Price or Tax Liability | 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 |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. Represents the disposition of shares to the company to cover taxes on the vesting of awards.
FAQ
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What insider transactions did GPN CEO Cameron Bready report on this Form 4?
What are the vesting terms of the GPN CEO’s new restricted stock awards?
What transaction codes appear in the GLOBAL PAYMENTS (GPN) Form 4 filing?
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