Form 4: Corpay Executive Alan King Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Alan King, Group President, Global Fleet at Corpay, Inc., disposed of shares to cover tax liabilities associated with vesting securities.
Summary
- On January 23, 2025, Alan King disposed of 520 shares of Corpay, Inc. common stock at a price of $373.41 to cover tax obligations.
- On January 24, 2025, King disposed of an additional 1,045 shares at $377.37 for the same reason.
- Following these transactions, King directly owns 16,425 shares of Corpay, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a common occurrence in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 01/23/2025 | Alan King disposed of 520 shares of Corpay common stock at $373.41. |
| 01/24/2025 | Alan King disposed of 1,045 shares of Corpay common stock at $377.37. |
| 01/27/2025 | Date of signature for the filing. |
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