SHEFFIELD DAVID M 4

What Happened
David M. Sheffield, EVP and Chief Accounting Officer of Global Payments (GPN), had 1,914 performance-based restricted stock units (RSUs vest) on 2026-02-21 and was issued 1,914 shares at $82.47 each (value $157,848). To cover tax withholding on the vesting, 1,125 of those shares were surrendered to the company at the same price (value $92,779), leaving a net issuance of 789 shares to Sheffield (approx. $65,069). This was an award/vesting event (code A) with a tax withholding disposition (code F), not an open-market buy or sell.

Key Details

• Transaction date: 2026-02-21; SEC filing date: 2026-02-23 (timely Form 4 filing).
• Awarded: 1,914 shares @ $82.47 = $157,848 (code A).
• Tax withholding: 1,125 shares withheld/surrendered @ $82.47 = $92,779 (code F).
• Net shares received by insider: 789 shares (approx. $65,069).
• Footnote F1: These were fully vested performance-based RSUs originally granted 02/21/2023, earned by meeting adjusted EPS growth targets over a three-year performance period.
• Footnote F2: The 1,125-share disposition was to the company to cover taxes on the vesting (a routine sell-to-cover/withholding).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
This was a routine vesting of performance-based RSUs, not an open-market sale or purchase. Tax-withholding disposals (sell-to-cover) are common and do not necessarily indicate a change in the insider’s view of the company. For retail investors, outright purchases are generally more informative about insider confidence; vesting events mainly reflect compensation plan outcomes.