CORPAY, INC.·4

Jul 24, 5:02 PM ET

Netto Armando Lins 4

4 · CORPAY, INC. · Filed Jul 24, 2026

Research Summary

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Corpay (CPAY) Group President Armando Lins Receives Award

What Happened

  • Armando Lins, Group President (Brazil & U.S. Vehicle Payments) at Corpay (CPAY), received three grants of performance-based restricted stock units (PSUs) on 2026-07-22 totaling 28,213 PSUs (9,405 + 9,404 + 9,404). Each PSU is a contingent right to one share; reported acquisition price is $0.00 because these are derivative awards, not open-market purchases.

Key Details

  • Transaction date: 2026-07-22; Form 4 filed: 2026-07-24 (reporting period 7/22/2026).
  • Grants: 9,405 PSUs, 9,404 PSUs, and 9,404 PSUs; all reported as Award/Grant (code A) at $0.00.
  • Total PSUs granted: 28,213.
  • Vesting conditions: PSUs vest only if specified stock-price hurdles are met — closing price ≥ $425 (one tranche), ≥ $450 (one tranche), and ≥ $475 (one tranche) on five separate trading days before August 31, 2028. Vesting also subject to plan and award-agreement terms.
  • Shares owned after transaction: not disclosed in the filing.
  • Filing timeliness: filed two days after the transaction date; no indication in the filing that it was late.

Context

  • These are performance-based awards (derivatives) — they do not transfer shares or cash now. Lins will receive shares only if the performance (stock-price) conditions and other plan terms are satisfied before the deadline.
  • Awards are common executive compensation; they differ from purchases or sales and do not necessarily indicate immediate bullish or bearish trading by the insider.

Insider Transaction Report

Form 4
Period: 2026-07-22
Netto Armando Lins
GroupPresident Brazil&USVehPmt
Transactions
  • Award

    Performance-Based Restricted Stock Units

    [F1][F2]
    2026-07-22+9,4059,405 total
    Common Stock (9,405 underlying)
  • Award

    Performance-Based Restricted Stock Units

    [F1][F3]
    2026-07-22+9,4049,404 total
    Common Stock (9,404 underlying)
  • Award

    Performance-Based Restricted Stock Units

    [F1][F4]
    2026-07-22+9,4049,404 total
    Common Stock (9,404 underlying)
Footnotes (4)
  • [F1]Each performance-based restricted stock unit represents a contingent right to receive one share of CPAY common stock.
  • [F2]Performance-based restricted stock units subject to the closing price of CPAY stock equaling or exceeding $425.00 on five separate trading days before August 31, 2028. Vesting of the earned PSUs is generally subject to the terms and conditions of the applicable equity compensation plan and related award agreement.
  • [F3]Performance-based restricted stock units subject to the closing price of CPAY stock equaling or exceeding $450.00 on five separate trading days before August 31, 2028. Vesting of the earned PSUs is generally subject to the terms and conditions of the applicable equity compensation plan and related award agreement.
  • [F4]Performance-based restricted stock units subject to the closing price of CPAY stock equaling or exceeding $475.00 on five separate trading days before August 31, 2028. Vesting of the earned PSUs is generally subject to the terms and conditions of the applicable equity compensation plan and related award agreement.
Signature
/s/ Crystal Williams, under a power of attorney|2026-07-24

Documents

1 file
  • 4
    ownership.xmlPrimary

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