GLOBALFOUNDRIES (GFS) CSO Michael Hogan Buys Shares via DRIP

What Happened
Michael James Hogan, Chief Strategy Officer of GLOBALFOUNDRIES (GFS), acquired 12.496 shares on July 15, 2026 at $61.41 per share, a total value of approximately $767. The transaction is reported as a purchase (code P) on a Form 4 filed July 20, 2026. A footnote indicates the shares were obtained via automatic reinvestment of dividends under a broker-sponsored dividend reinvestment plan (DRIP), not an active open-market buy decision.

Key Details

• Transaction date and price: 2026-07-15 — 12.496 shares at $61.41 each.
• Total value: approximately $767.
• Transaction type/code: Purchase (P) via dividend reinvestment (see footnote F1).
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing: Form 4 filed 2026-07-20 (reported 5 days after the transaction). Insiders are generally required to report within two business days; review the filing for any tardiness disclosure.

Context
Dividend reinvestment purchases are routine — they convert dividends into additional shares automatically and are typically small. While purchases can be more informative than sales, this specific transaction is modest and reflects reinvestment of dividends rather than a discretionary insider buy.