Bready Cameron M 4
Research Summary
AI-generated summary
Global Payments (GPN) CEO Cameron Bready Receives Restricted Share Award
What Happened
- Cameron M. Bready, CEO of Global Payments (GPN), was granted 122,815 restricted shares on Feb 27, 2026 (two grants) valued at about $9,390,435 total. The grants were issued at $76.46 per share (119,017 shares = $9,100,040; 3,798 shares = $290,395).
- To cover taxes on the vesting, 13,674 shares were surrendered to the company (withheld) on Feb 28 and Mar 1, 2026 (9,750 shares = $745,485; 3,924 shares = $300,029), a routine withholding transaction. Net shares retained from the grant: 109,141 (122,815 granted − 13,674 withheld).
Key Details
- Transaction dates/prices: Grants on 2026-02-27 at $76.46; tax-withholding dispositions on 2026-02-28 and 2026-03-01 at $76.46.
- Values: Grants ≈ $9.39M total; withholding ≈ $1.05M; net value retained ≈ $8.34M.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 = restricted shares vest in equal installments over the first three anniversaries of the grant; F2 = restricted shares vest in full on the first anniversary; F3 = shares surrendered to the company to cover taxes on vesting.
- Filing: Form 4 filed with accession date 2026-03-03 (reporting period begins 2026-02-27).
Context
- These were restricted stock awards (code A) as executive compensation, not open-market purchases—so they reflect compensation, not a direct market bet by the CEO.
- The surrendered shares (code F) were used to satisfy tax withholding on the award, a common administrative step (cashless/withholding), and do not necessarily indicate a change in the CEO’s view of the company.