Walker Peter 4

What Happened
Peter Walker, Chief Financial Officer of Corpay, had performance-based restricted stock vest on July 15, 2026. Two awards totaling 1,506 shares (568 + 938) vested (acquired at $0), and a total of 1,660 shares were withheld to satisfy tax obligations (disposed) at a reported per-share value of $356.16, totaling approximately $591,225 in tax withholding. Net result: 154 more shares were withheld than newly vested (net disposition of 154 shares).

Key Details

• Transaction date: July 15, 2026. Filing date: July 17, 2026. No late filing indicated in the provided excerpt.
• Vesting (awarded/acquired): 568 shares and 938 shares (price reported $0 — these were vesting awards).
• Withholding (disposed): 84 shares ($29,917), 1,187 shares ($422,762), 251 shares ($89,396), 138 shares ($49,150); all at $356.16 per share; total withheld ≈ $591,225.
• Net shares: 1,506 shares vested vs. 1,660 shares withheld → net disposition of 154 shares.
• Footnotes: F1 = withholding of securities to pay tax liability upon vesting; F2 = vesting of performance-based restricted stock; F3 = performance award vested 1/3 on July 15, 2026 and is scheduled to vest 1/3 on each July 15 in 2027 and 2028, subject to continued employment.
• Shares owned after the transactions: not disclosed in the provided filing excerpt.

Context
This was not an open-market sale or purchase but routine tax withholding tied to restricted stock vesting (a common practice often called a "cashless withholding" or share surrender to cover taxes). Performance-based grants typically vest over time and subject to service/metric conditions (see F2/F3). Such withholding transactions are administrative and do not, by themselves, indicate a change in the insider’s view of the company.