Global Payments (NYSE: GPN) COO covers tax bill with share transfer
Rhea-AI Filing Summary
Global Payments Inc. reported that President and COO Robert M. Cortopassi transferred 2,955.0000 shares of common stock to the company on August 4, 2026 to cover tax liabilities from the vesting of awards. After this tax-withholding disposition, he directly holds 87,851.0000 shares, including shares acquired through the employee stock purchase plan and dividend reinvestment.
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Insights
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Insider Trade Summary
Net Seller: 2,955 shares
Net Sell
1 txn
Insider
Cortopassi Robert M
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 2,955 | $88.25 | $261K |
Holdings After Transaction:
Common Stock — 87,851 shares (Direct)
Footnotes (2)
- F1. Represents the disposition of shares to the company to cover taxes on the vesting of awards.
- F2. Balance includes shares of common stock acquired by the reporting person from participation in the company's employee stock purchase plan and through dividend reinvestment.
Key Figures
Shares disposed for taxes: 2955.0000 shares
Price per share: 88.2500 per share
Shares held after transaction: 87851.0000 shares
+1 more
4 metrics
Shares disposed for taxes
2955.0000 shares
Common Stock transferred to issuer on 2026-08-04 to cover tax liability on vesting awards
Price per share
88.2500 per share
Per-share value used for the 2,955.0000-share tax-withholding disposition
Shares held after transaction
87851.0000 shares
Direct Common Stock holdings of Robert M. Cortopassi after the August 4, 2026 disposition
Tax-liability-related shares
2955.0000 shares
Shares reported under code F as payment of tax liability by delivering securities
Key Terms
tax-withholding disposition, vesting of awards, employee stock purchase plan, dividend reinvestment
4 terms
tax-withholding disposition financial
"Transaction coded F as a tax-withholding disposition for equity award vesting"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
vesting of awards financial
"Disposition of shares to the company to cover taxes on the vesting of awards"
employee stock purchase plan financial
"Balance includes shares acquired from participation in the company's employee stock purchase plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
dividend reinvestment financial
"Balance includes shares acquired through dividend reinvestment"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Global Payments (GPN) disclose for Robert M. Cortopassi?
Global Payments reported that President and COO Robert M. Cortopassi transferred 2,955.0000 shares of common stock to the company. This tax-withholding disposition covered income taxes due on the vesting of equity awards rather than representing an open-market sale.
Was the Global Payments (GPN) insider transaction an open-market sale?
No. The transaction was a payment of tax liability by delivering securities, coded “F”. Shares were transferred back to Global Payments to cover taxes on vesting equity awards, rather than sold into the open market.