Netto Armando Lins 4

What Happened

• Armando Lins, Group President — Brazil & US Vehicle Payments at Corpay (CPAY), had performance-based restricted stock vest on February 14, 2026. A total of 3,736 shares were recorded as acquired (awarded) at $0.00. To satisfy tax withholding related to the vesting, 1,907 shares were withheld/disposed at an allocated value of $337.12 per share, totaling approximately $642,888.
• These transactions reflect vesting of performance-based restricted stock (an acquisition/award) combined with share withholding to pay tax liabilities (reported as dispositions), not open-market selling.

Key Details

• Transaction date: February 14, 2026. Filing date: February 18, 2026 (report covers the Feb 14 transactions).
• Acquisitions (vested awards): 1,049; 1,666; 1,021 — total 3,736 shares acquired at $0.00.
• Withheld/disposed (to pay taxes): 513 shares ($172,943); 226 shares ($76,189); 467 shares ($157,435); 247 shares ($83,269); 454 shares ($153,052) — total 1,907 shares, ~$642,888 at $337.12/share.
• Shares owned after the transactions: Not stated in the filing.
• Footnotes: F1 indicates tax withholding by withholding shares under Rule 16b-3; F2/F3 indicate these are performance-based restricted stock awards, with one footnote (F3) noting 1/3 vested on Feb 14, 2026 and the remaining 1/3 scheduled to vest on Feb 14, 2027 and Feb 14, 2028, subject to continued employment.
• Filing timeliness: report filed Feb 18 for Feb 14 transactions (check the filing for any late-filing notation).

Context

• This was a vesting event of performance-based restricted stock, not an open-market sale or purchase. The reported "dispositions" are shares withheld to satisfy tax obligations (a common, administrative step), not necessarily a signal of trading intent.
• Performance awards vest over multiple years (per footnote F3), so additional vesting events may occur on Feb 14, 2027 and Feb 14, 2028 if employment conditions are met.