Form 4: Corpay Inc. Director Richard Macchia Reports Stock Transaction

Director Richard Macchia of Corpay Inc. reported a transaction involving the withholding of 301 common stock shares to cover tax liabilities.

Summary

• Richard Macchia, a director at Corpay Inc., filed a Form 4 indicating a transaction on January 22, 2025.
• The transaction involved the withholding of 301 shares of common stock to cover tax liabilities related to the vesting of a security.
• The price per share for the transaction was $375.61.
• Following the transaction, Mr. Macchia beneficially owns 14,642 shares of Corpay Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of a stock transaction, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, as mandated by the Securities and Exchange Commission.
• The transaction is a common occurrence where shares are withheld to cover tax obligations upon vesting of equity awards, which is a typical practice across various industries.
• The number of shares withheld and the price per share are specific to the individual's compensation package and the company's stock performance, making direct comparisons to other companies difficult without further context.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard tax withholding event.

Key Dates

Keywords

Form 4, Corpay Inc., Richard Macchia, stock transaction, beneficial ownership, director, tax withholding