GLOBALFOUNDRIES Director Carlos Obeid Withholds Shares for Taxes

What Happened Carlos Antoine Obeid, a director of GLOBALFOUNDRIES Inc. (GFS), had 5,567 restricted stock units (RSUs vest and settle) into ordinary shares on July 29, 2026. To satisfy tax-withholding obligations, 1,671 of those shares were withheld by the issuer at a price of $49.02 per share, totaling $81,912. The withholding is recorded as a disposition (transaction code F) and is not an open‑market sale; the remaining 3,896 vested shares were delivered to the reporting person.

Key Details

• Transaction date: July 29, 2026; Form 4 filed July 31, 2026 (appears timely).
• Withheld shares: 1,671 shares at $49.02 = $81,912 (tax withholding, code F).
• RSUs vested/settled: 5,567 ordinary shares (per footnote F1); net delivered to insider = 3,896 shares.
• Future contingent RSUs: 3,291 RSUs remain, vesting July 28, 2027 subject to continued service (footnote F2).
• Filing notes: Footnote F3 confirms issuer withheld shares to satisfy tax withholding obligations; this is routine and not a market sale.

Context

• This was a tax-withholding disposition related to RSU vesting (cashless share withholding), not a sale that signals market-directional intent.
• For retail investors, withheld shares to cover taxes are routine administrative actions and do not necessarily reflect insider sentiment about the company's stock price.