[Form 4] Global Payments, Inc. Insider Trading Activity

Rhea-AI Filing Summary

David M. Sheffield, Executive Vice President and Chief Accounting Officer of Global Payments Inc. (GPN), reported a sale of company common stock on 08/12/2025. The Form 4 shows 2,500 shares sold at $83.03 per share, leaving beneficial ownership of 16,454 shares after the transaction. The filing notes the holdings include shares purchased under the company’s Employee Stock Purchase Plan. The report was signed by an attorney-in-fact on behalf of Mr. Sheffield on 08/14/2025. The Form 4 is a routine insider transaction disclosure required under Section 16.

Positive

• Timely and compliant disclosure of an insider transaction under Section 16
• Beneficial ownership detail includes Employee Stock Purchase Plan shares, clarifying composition of holdings

Negative

• Insider sale of 2,500 shares reduces executive's direct holdings, though size appears limited relative to total ownership

Insights

Financial Analyst

TL;DR: Insider sale of 2,500 shares at $83.03 appears routine and represents a small portion of reported holdings.

The transaction is a straightforward disclosure of an executive sale rather than an issuance or option exercise. The sale proceeds can be estimated by multiplying the 2,500 shares by the $83.03 price, but the filing contains no use-of-proceeds detail. The remaining beneficial ownership of 16,454 shares includes Employee Stock Purchase Plan shares, which is explicitly stated. There is no additional financial performance or guidance information in this filing to indicate a change in company fundamentals.

Corporate Governance Expert

TL;DR: The Form 4 meets disclosure requirements; sale appears compliant and was timely reported by attorney-in-fact.

The document shows timely reporting under Section 16 with a signature by an attorney-in-fact dated two days after the transaction. The filing identifies Mr. Sheffield’s role (EVP, Chief Accounting Officer) and discloses the inclusion of ESPP shares in beneficial ownership. There are no indications of related-party transactions, Rule 10b5-1 plan references, or amendments. From a governance standpoint, the filing conveys required transparency but does not signal governance concerns by itself.

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

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^*

SHEFFIELD DAVID 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)
	EVP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	08/12/2025		S		2,500	D	$83.03	16,454(1)	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. Includes shares purchased pursuant to the Employee Stock Purchase Plan.

	/s/ Dara Steele-Belkin, attorney-in-fact for David Sheffield	08/14/2025
	** 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).
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.

FAQ

What did the Global Payments insider sell on 08/12/2025 (GPN)?

The filing reports a sale of 2,500 shares of Global Payments common stock at a price of $83.03 per share on 08/12/2025.

How many GPN shares does David Sheffield beneficially own after the reported transaction?

After the sale, Mr. Sheffield is reported to beneficially own 16,454 shares, which include shares from the Employee Stock Purchase Plan.

Does the Form 4 for GPN reference a 10b5-1 trading plan?

No. The Form 4 does not indicate that the transaction was made pursuant to a Rule 10b5-1 trading plan.

Who signed the Form 4 for David Sheffield?

The Form 4 was signed by Dara Steele-Belkin, attorney-in-fact for David Sheffield, on 08/14/2025.

Is the sale reported in the Form 4 a derivative transaction?

No. The reported transaction is a non-derivative sale of common stock; Table II (derivatives) contains no entries.