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GLOBAL PAYMENTS (NYSE: GPN) officer logs stock vesting and tax share surrender

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GLOBAL PAYMENTS INC executive David M. Sheffield reported equity award activity involving company common stock. He acquired 1,188 shares at $76.46 per share through the vesting of performance-based restricted stock units that were earned based on an adjusted earnings per share growth target over a one-year period. To cover related tax obligations on the vesting, 755 shares were disposed back to the company at the same price as a tax-withholding transaction, rather than an open-market sale. After these transactions, Sheffield directly owned 15,660 shares of GLOBAL PAYMENTS INC common stock.

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Insider SHEFFIELD DAVID M
Role EVP, Chief Accounting Officer
Type Security Shares Price Value
Grant/Award Common Stock 1,188 $76.46 $91K
Tax Withholding Common Stock 755 $76.46 $58K
Holdings After Transaction: Common Stock — 16,415 shares (Direct)
Footnotes (1)
  1. Represents shares of fully-vested stock issued as a result of the vesting of performance-based restricted stock units which were originally granted on February 28, 2025 and were earned based on the company's achievement of an adjusted earnings per share growth target over a one-year performance period. Represents the disposition of shares to the company to cover taxes on the vesting of awards.
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)
02/28/2026
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 02/28/2026 A(1) 1,188 A $76.46 16,415 D
Common Stock 02/28/2026 F(2) 755 D $76.46 15,660 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. Represents shares of fully-vested stock issued as a result of the vesting of performance-based restricted stock units which were originally granted on February 28, 2025 and were earned based on the company's achievement of an adjusted earnings per share growth target over a one-year performance period.
2. Represents the disposition of shares to the company to cover taxes on the vesting of awards.
/s/ Dara Steele-Belkin, attorney-in-fact for David Sheffield 03/03/2026
** 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 insider transactions did GPN executive David M. Sheffield report?

David M. Sheffield reported an equity award vesting and related tax withholding. He received 1,188 GLOBAL PAYMENTS INC shares from performance-based restricted stock units and 755 shares were surrendered back to the company to cover taxes, leaving him with 15,660 directly owned shares.

Were David M. Sheffield’s GPN share disposals open-market sales?

No, the reported disposal was not an open-market sale. The 755 GLOBAL PAYMENTS INC shares were surrendered back to the company solely to cover tax obligations arising from the vesting of equity awards, a common administrative transaction rather than a discretionary stock sale.

What triggered the GPN performance-based stock vesting for David M. Sheffield?

The vesting was triggered by GLOBAL PAYMENTS INC achieving an adjusted earnings per share growth target. The performance-based restricted stock units, originally granted on February 28, 2025, vested after a one-year performance period tied to that EPS growth metric.

How many GPN shares does David M. Sheffield own after these transactions?

After the reported transactions, David M. Sheffield directly owns 15,660 shares of GLOBAL PAYMENTS INC common stock. This figure reflects both the vesting of 1,188 performance-based shares and the surrender of 755 shares back to the company for tax withholding.

What was the price used for David M. Sheffield’s GPN award and tax shares?

Both the vested shares and the tax-withholding shares were valued at $76.46 per GLOBAL PAYMENTS INC share. This price was applied to the 1,188 shares received from the award and the 755 shares surrendered back to the company for taxes.

What role does David M. Sheffield hold at GLOBAL PAYMENTS INC (GPN)?

David M. Sheffield serves as Executive Vice President and Chief Accounting Officer at GLOBAL PAYMENTS INC. His reported transactions involve company common stock received and surrendered in connection with his performance-based equity compensation awards tied to earnings per share growth.