Dorchak Glenda 4
Research Summary
AI-generated summary
GLOBALFOUNDRIES (GFS) Director Glenda Dorchak Sells Shares
What Happened
Glenda Dorchak, a director of GLOBALFOUNDRIES Inc. (GFS), sold 4,000 shares on April 20, 2026 at $58.46 per share, for a total transaction value of $233,840. The filing reports the disposition as an open-market or private sale (code S).
Key Details
- Transaction date: April 20, 2026; Filing date (Form 4): April 22, 2026 (appears timely).
- Price and size: 4,000 shares at $58.46 each; total proceeds $233,840.
- Shares owned after transaction: not disclosed in the details provided in this summary.
- Footnote: The sale was effected pursuant to a pre-established Rule 10b5-1 trading plan. The reporting person is subject to a lock-up agreement that expires May 10, 2026; this sale was allowed under that agreement.
- Transaction code: S = Sale (disposition).
Context
- This was a sale, which is a routine insider disposition and does not necessarily indicate a change in view on the company. Because it was executed under a 10b5-1 plan, the trade was pre-scheduled and may have been triggered automatically.
- No indication in the provided filing of late reporting or derivatives activity.