Global Payments (GPN) president surrenders 825 shares for tax withholding
Rhea-AI Filing Summary
Global Payments Inc. executive Robert M. Cortopassi, President and COO, reported a disposition of 825 shares of common stock on 2026-08-08. The shares were delivered back to the company at $86.12 per share to cover taxes due on the vesting of equity awards. Following this tax-withholding transaction, Cortopassi directly holds 87,026 shares of Global Payments common stock.
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Insider Trade Summary
Net Seller: 825 shares
Net Sell
1 txn
Insider
Cortopassi Robert M
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 825 | $86.12 | $71K |
Holdings After Transaction:
Common Stock — 87,026 shares (Direct)
Footnotes (1)
- F1. Represents the disposition of shares to the company to cover taxes on the vesting of awards.
Key Figures
Shares disposed for taxes: 825 shares
Per-share value for tax withholding: $86.12 per share
Shares held after transaction: 87,026 shares
3 metrics
Shares disposed for taxes
825 shares
Shares delivered to the company to cover taxes on vesting awards on 2026-08-08
Per-share value for tax withholding
$86.12 per share
Value used for the 825-share tax-withholding disposition
Shares held after transaction
87,026 shares
Directly owned by Robert M. Cortopassi following the 2026-08-08 disposition
Key Terms
tax liability, vesting of awards, common stock
3 terms
tax liability financial
"Payment of tax liability by delivering or withholding securities"
vesting of awards financial
"cover taxes on the vesting of awards"
common stock financial
"Represents the disposition of shares of common stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GLOBAL PAYMENTS INC (GPN) report for Robert M. Cortopassi?
Robert M. Cortopassi reported a disposition of 825 shares of Global Payments common stock on 2026-08-08 to cover tax obligations on vesting equity awards, leaving him with 87,026 shares held directly.
Was the Global Payments (GPN) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 825 shares were delivered back to Global Payments to cover taxes on the vesting of equity awards, as described in the filing footnote.