Global Payments (GPN) CLO logs restricted stock awards and tax-withholding share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBAL PAYMENTS INC Chief Legal Officer Dara L. Steele-Belkin reported equity compensation grants and related tax-withholding share dispositions. On February 27, she acquired 19,619 and 1,063 restricted common shares as compensation awards. Footnotes state these restricted shares vest over one and three years, respectively.
On February 28 and March 1, she disposed of 2,093 and 204 common shares through tax-withholding dispositions to the company to cover taxes on vesting awards, rather than open-market sales. Following these transactions, she directly owned 48,781 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Steele-Belkin Dara L.
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 204 | $76.46 | $16K |
| Tax Withholding | Common Stock | 2,093 | $76.46 | $160K |
| Grant/Award | Common Stock | 19,619 | $76.46 | $1.50M |
| Grant/Award | Common Stock | 1,063 | $76.46 | $81K |
Holdings After Transaction:
Common Stock — 48,781 shares (Direct)
Footnotes (1)
- 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. 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. Represents the disposition of shares to the company to cover taxes on the vesting of awards.
FAQ
What insider transactions did GLOBAL PAYMENTS (GPN) report for Dara L. Steele-Belkin?
Dara L. Steele-Belkin reported grants of restricted common stock and related tax-withholding share dispositions. She received two equity awards on February 27 and then surrendered shares back to the company on February 28 and March 1 to cover taxes on vested awards.
What are the vesting terms of Dara L. Steele-Belkin’s GLOBAL PAYMENTS (GPN) restricted stock?
One restricted stock grant vests in equal installments on each of the first three anniversaries of the grant date. The other grant vests in full on the first anniversary. Both awards were granted as compensation in GLOBAL PAYMENTS common stock.