Vicari Samuel 4
4 · GLOBALFOUNDRIES Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
GLOBALFOUNDRIES (GFS) Chief Customer Officer Samuel Vicari Withholds 1,461 Shares for Taxes
What Happened
Samuel Vicari, Chief Customer Officer of GLOBALFOUNDRIES (GFS), had 1,461 ordinary shares withheld by the company on April 1, 2026 to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs). The withheld shares were valued at $44.48 each, totaling $64,985. The RSU settlement converted 4,094 RSUs into shares, so net shares delivered to Vicari were 2,633 (4,094 settled less 1,461 withheld).
Key Details
- Transaction date: 2026-04-01; per-share amount reported: $44.48; total value of shares withheld: $64,985. (Transaction code F = tax withholding.)
- Form filed: 2026-04-03 (appears timely for a Form 4 reporting the April 1 transaction).
- Shares owned after transaction: not disclosed in this Form 4.
- Footnotes in the filing:
- F1: 4,094 RSUs vested and settled into ordinary shares on April 1, 2026.
- F2: Describes remaining RSU schedule (multiple tranches vesting in 2027–2029); each RSU converts to one share on settlement.
- F3: The reported disposition reflects the issuer withholding shares to satisfy the reporting person's tax withholding obligations.
Context
This was not an open-market sale but a standard tax-withholding action that commonly occurs when RSUs vest (company retains shares to cover taxes). Such withholdings are administrative and do not necessarily indicate a deliberate sale or change in insider sentiment. The filing also shows a schedule of substantial remaining RSUs that may vest over 2027–2029 per the footnotes.
Insider Transaction Report
- Tax Payment
Ordinary Shares
[F3][F1]2026-04-01$44.48/sh−1,461$64,985→ 8,692 total
- 43,455
Restricted Share Units
[F1][F2]
Footnotes (3)
- [F1]Reflects the vesting and settlement of restricted stock units (RSUs) into 4,094 ordinary shares on April 1, 2026.
- [F2]Represents RSUs, 26,316 of which vest in equal installments on March 1, 2027, 2028 and 2029, 13,044 of which vest on March 1, 2027 and 2028 and 4,095 of which vest on April 1, 2027, subject to the Reporting Person's continuous service through each such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's ordinary shares upon settlement.
- [F3]Represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of RSUs.