Cortopassi Robert M 4

What Happened

• Robert M. Cortopassi, President and COO of Global Payments (GPN), received an award of 8,288 shares on 2026-02-21 at $82.47 per share (total value $683,511). Simultaneously, 4,515 shares were disposed back to the company to cover taxes at the same $82.47 price (value $372,352).
• Net result: Cortopassi added 3,773 shares to his holdings (8,288 issued minus 4,515 withheld), worth approximately $311,159 based on the reported price.

Key Details

• Transaction date: 2026-02-21. Report filed 2026-02-23 (no late filing indicated in the provided data).
• Prices and values: Awarded 8,288 shares @ $82.47 = $683,511; 4,515 shares withheld @ $82.47 = $372,352.
• Shares owned after transaction: Not specified in the provided excerpt of the filing; check the full Form 4 for "Amount Owned Following Reported Transaction."
• Footnotes from the filing:
  • F1: Shares were fully vested performance-based RSUs originally granted 2023-02-21 and earned by meeting a three-year adjusted EPS growth target.
  • F2: Some amounts include shares purchased via a dividend reinvestment plan.
  • F3: The 4,515-share disposition represents shares surrendered to the company to cover taxes on vesting (tax withholding).
• Transaction codes: A = Award/Grant (acquisition); F = Tax withholding (disposition).

Context

• This was a vesting of performance-based restricted stock units (not an open-market purchase or sale). The withholding of shares to cover taxes is a routine administrative action and does not signal an open-market sale of shares.
• For retail investors: purchases or open-market buys often carry more direct bullish signal than compensatory vesting. This filing documents executive compensation vesting and net share retention rather than a directional trade.