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Global Payments (NYSE: GPN) COO covers tax bill with share transfer

(High)
(Neutral)
Form Type
4

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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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)
  1. F1. Represents the disposition of shares to the company to cover taxes on the vesting of awards.
  2. 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.
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
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.

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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.

On what date did the Global Payments (GPN) insider share transfer occur?

The insider share transfer occurred on August 4, 2026. On that date, Robert M. Cortopassi delivered 2,955.0000 shares of Global Payments common stock to the company to satisfy tax obligations arising from the vesting of stock-based awards.

How many Global Payments (GPN) shares does Robert M. Cortopassi hold after the transaction?

After the transaction, Robert M. Cortopassi directly holds 87,851.0000 shares of Global Payments common stock. This balance includes shares acquired through the company’s employee stock purchase plan and through dividend reinvestment, as noted in the filing footnotes.

What price was used for the Global Payments (GPN) tax-withholding share disposition?

The tax-withholding disposition used a price of $88.2500 per share for the 2,955.0000 shares transferred. This value reflects the per-share price applied in determining the number of shares delivered to the company to cover Cortopassi’s tax liability.

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.
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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 GEORGIA 30326

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
GLOBAL PAYMENTS INC [ GPN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President and COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock08/04/2026F(1)2,955D$88.2587,851(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents the disposition of shares to the company to cover taxes on the vesting of awards.
2. 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.
/s/ Dara Steele-Belkin, attorney-in-fact for Robert M. Cortopassi08/06/2026
** Signature of Reporting PersonDate
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)