Form 4: Corpay Director Sells Shares to Cover Tax Obligations

A Corpay director, Gerald C. Throop, sold 589 shares of common stock to cover tax liabilities related to vesting securities.

Summary

• Gerald C. Throop, a director at Corpay, Inc., sold 589 shares of common stock on January 22, 2025.
• The sale was executed at a price of $375.61 per share.
• This transaction was to cover tax liabilities associated with the vesting of a security issued under Rule 16b-3.
• Following the transaction, Mr. Throop directly owns 1,189 shares of Corpay common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no significant positive or negative implications for the company's outlook.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Sales of shares by directors to cover tax obligations are a common practice across publicly listed companies.
• The transaction is consistent with standard procedures for handling vesting equity awards.
• Similar transactions are regularly reported by directors and officers of other companies in the financial technology sector.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by a director for tax purposes.

Key Dates

Keywords

Corpay, stock sale, insider trading, Form 4, Gerald C. Throop, tax liability, share transaction, director