Netto Armando Lins 4

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.