GLOBALFOUNDRIES Director Marc Antaki Receives RSUs; Shares Withheld

What Happened
Marc Antaki, a director of GLOBALFOUNDRIES (GFS), had restricted stock units (RSUs) vest and settle into 5,567 ordinary shares on July 29, 2026. To satisfy tax withholding obligations, the issuer withheld 1,671 of those shares at $49.02 per share, a withholding value of $81,912. After withholding, Antaki received a net 3,896 shares. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: July 29, 2026; Form 4 filed July 31, 2026 (appears timely).
• Withheld shares: 1,671 shares withheld at $49.02/share = $81,912 (transaction code F = tax withholding).
• RSUs settled: 5,567 ordinary shares vested and were settled on July 29, 2026. Net delivered to insider: 3,896 shares.
• Remaining award: Footnote indicates the reporting person holds 9,262 RSUs total — 5,971 vest on April 29, 2027 and 3,291 on July 28, 2027 (subject to continued service).
• Footnote F3 confirms withholding was solely to satisfy tax obligations.

Context
This was a routine tax-withholding event tied to RSU vesting, not an intentional sale or purchase in the open market. RSUs are a contingent right to receive shares upon vesting; withholding to cover taxes is common and doesn’t necessarily indicate a change in insider sentiment.