Macchia Richard 4

What Happened

• Richard Macchia, a director of CORPAY, INC. (CPAY), had 216 shares (disposed) withheld to satisfy tax withholding obligations tied to the vesting of equity. The reported per-share value was $337.12, for a total value of $72,818.
• This was not an open-market sale but a withholding of shares to pay taxes on vested securities (routine administrative action rather than a market-direction trade).

Key Details

• Transaction date: 2026-02-14; Filing date (Form 4): 2026-02-18.
• Shares involved: 216 shares withheld at $337.12 per share; total value reported: $72,818.
• Transaction code: F — payment of tax liability by withholding securities (footnote F1 confirms withholding incident to vesting under Rule 16b-3).
• Shares owned after the transaction: not specified in the summary data of this filing.
• No explicit indication in the filing text provided that the report was late.

Context

• Withholding shares to cover taxes is a common administrative step when equity awards vest; it reduces the number of shares delivered to the insider rather than signaling a market sale.
• For investors, tax-withholdings are routine and typically do not reflect the insider’s view on the company’s prospects.