GLOBALFOUNDRIES (GFS) Director Carlos Obeid Receives RSU Award

What Happened

• Director Carlos Antoine Obeid received equity awards on July 28, 2026. The Form 4 shows grants/settlements of RSUs: 1,431 RSUs immediately settled into 1,431 ordinary shares (the reporting person elected stock in lieu of cash), and 3,291 RSUs were awarded as a grant that vest later. To satisfy tax-withholding obligations, 430 shares were withheld/disposed at $53.18 per share, totaling $22,867.

Key Details

• Transaction date: July 28, 2026; Form filed July 30, 2026 (filed within the normal two-business-day window).
• Reported transactions:
  • Award/Grant (A): 3,291 RSUs @ $0.00 (subject to future vesting)
  • Award/Grant (A): 1,431 RSUs @ $0.00 (immediately vested/settled into shares)
  • Tax withholding (F): 430 shares withheld/ disposed @ $53.18 = $22,867
• Shares beneficially owned after the transaction: Not specified on the filing.
• Relevant footnotes:
  • F1/F2: RSUs represent contingent rights to receive one share upon settlement; F2 references a total of 8,858 RSUs (5,567 vest 7/29/2026; 3,291 vest 7/28/2027).
  • F3: Confirms the 1,431 RSUs immediately vested and were received in lieu of cash.
  • F4: Confirms withholding of shares to satisfy tax obligations.
• Transaction codes: A = Award/Grant, F = Tax withholding. No open-market purchase or discretionary sale by the insider (aside from withholding).

Context

• RSUs are equity awards that convert to shares when they vest; the 3,291 RSUs are subject to future vesting, while 1,431 were settled immediately into shares the insider elected to receive.
• The withholding of 430 shares to meet tax obligations is routine and does not represent a discretionary sale for investment reasons.
• This filing is informational about compensation-related awards and tax withholding, not a directional buy signal from an open-market purchase.