GLOBAL PAYMENTS (NYSE: GPN) officer logs stock vesting and tax share surrender
Filing Impact
Filing Sentiment
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
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)
- 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.
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.
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.
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.