GLOBALFOUNDRIES (GFS) Director Rao Yerramilli Receives RSU Award

What Happened Rao Bobby Satyadev Yerramilli, a director of GLOBALFOUNDRIES (GFS), received awards on July 28, 2026 consisting of 3,291 restricted share units (RSUs) and 1,861 RSUs that were immediately vested and settled into ordinary shares. Both items were recorded at $0.00 per share (typical for RSU grants); total RSUs involved = 5,152. The 3,291 RSUs vest on July 28, 2027, subject to continued service. Each RSU represents a contingent right to receive one ordinary share upon settlement.

Key Details

• Transaction date: July 28, 2026; reported on Form 4 filed July 30, 2026 (timely).
• Price: $0.00 per RSU (award/settlement), consistent with equity compensation.
• Immediate settlement: 1,861 RSUs vested and were settled into shares on July 28, 2026 (the reporting person elected shares in lieu of cash compensation).
• Deferred RSUs: 3,291 RSUs awarded on July 28, 2026 vest on July 28, 2027, contingent on continued service.
• Additional balance noted in filing: 8,858 RSUs in total referenced (5,567 vest on July 29, 2026; 3,291 vest on July 28, 2027) — each RSU equals one share upon settlement.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Filing status: appears timely (filed two days after the transaction date).

Context These transactions are equity compensation (RSU awards/settlement), not open-market purchases or sales. The immediate settlement of 1,861 RSUs into shares was an election in lieu of cash compensation; the 3,291 RSUs are time‑based awards that will convert to shares only if vesting conditions (continued service) are met. Such awards are routine compensation for insiders and do not necessarily indicate a personal buy/sell decision about the company's stock.