Global Payments (GPN) President Robert M. Cortopassi Surrenders 2,955 Shares

What Happened

• Robert M. Cortopassi, President and COO of Global Payments (GPN), disposed of 2,955 shares on Aug 4, 2026 to cover taxes related to the vesting of equity awards. The shares were valued at $88.25 each, for a total of approximately $260,779.
• This was a tax-withholding disposition (not an open-market sale), a routine action to satisfy withholding obligations when awards vest.

Key Details

• Transaction date and price: 2026-08-04, 2,955 shares at $88.25 per share.
• Total value: ~ $260,779.
• Filing date: Form 4 filed 2026-08-06 reporting the Aug 4 transaction (filed within the typical two-business-day window).
• Footnotes: F1 indicates these shares were surrendered to the company to cover taxes on vesting. F2 notes the reported balance includes shares from the employee stock purchase plan and dividend reinvestment.
• Post-transaction ownership: exact post-transaction share balance is not shown in the provided excerpt; the filing notes the balance mixes ESPP and DRIP shares.

Context

• This is a common "sell-to-cover" / tax-withholding transaction accompanying vesting and does not necessarily signal insider sentiment about the company’s stock. It differs from an open-market sale because shares were surrendered to the company to meet tax liabilities rather than sold on the market.