Form 4: Corpay CEO Ronald Clarke Executes Stock Options and Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Ronald Clarke, CEO and Chairman of the Board of Corpay, Inc., exercised stock options and disposed of shares to cover tax liabilities on August 28, 2024.
Summary
- On August 28, 2024, Ronald Clarke, the CEO and Chairman of the Board of Corpay, Inc. (CPAY), executed stock options for 100,000 shares at a price of $149.68 per share.
- Following the exercise of these options, Clarke disposed of 71,966 shares to cover tax liabilities at a price of $303.8 per share.
- After these transactions, Clarke directly owns 2,198,632 shares of Corpay common stock and 220,000 stock options.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock option exercises and share disposals, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares held by the CEO.
Key Dates
| Date | Description |
|---|---|
| 12/04/2017 | Date stock options were granted. |
| 08/28/2024 | Date of stock option exercise and share disposal. |
| 08/30/2024 | Date of signature on the SEC Form 4. |
| 12/04/2024 | Expiration date of the stock options. |
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