Cortopassi Robert M 4

What Happened Robert M. Cortopassi, President and COO of Global Payments (GPN), was granted restricted shares as compensation on Feb 27, 2026: 40,218 shares at $76.46 each (value $3,075,068) and 1,752 shares at $76.46 each (value $133,958), for a total grant value of $3,209,026. Subsequently, 3,645 shares (Feb 28) and 745 shares (Mar 1) were surrendered to the company to cover tax withholding on the vesting of awards (total surrendered value $335,660). Net new shares retained after withholding: 37,580.

Key Details

• Transactions and prices:
  • 2026-02-27: Award (A) — 40,218 shares @ $76.46 = $3,075,068 (Footnote F1)
  • 2026-02-27: Award (A) — 1,752 shares @ $76.46 = $133,958 (Footnote F2)
  • 2026-02-28: Withheld for taxes (F) — 3,645 shares @ $76.46 = $278,697 (Footnote F3)
  • 2026-03-01: Withheld for taxes (F) — 745 shares @ $76.46 = $56,963 (Footnote F3)
• Shares owned after the transactions: Not disclosed in the provided filing.
• Footnotes:
  • F1: 40,218 restricted shares vest in equal installments on each of the first three anniversaries of the grant.
  • F2: 1,752 restricted shares vest in full on the first anniversary of the grant.
  • F3: Disposition of shares to the company to cover taxes on vesting.
• Filing: Report filed 2026-03-03 for transactions dated Feb 27–Mar 1, 2026 — appears to be filed within the standard Form 4 reporting window (timely).
• Transaction codes: A = award/grant; F = tax withholding (not an open-market sale).

Context These were time-based restricted stock awards granted as compensation, not open-market purchases or sales. The withheld shares were used solely to cover taxes on the awards (a common practice), and the remaining restricted shares will vest over the schedules noted in the footnotes — meaning the shares are not fully transferable until vesting conditions are met. Such compensation grants reflect executive pay decisions rather than immediate insider bullish/bearish trading signals.