Form 4: Corpay Inc. Executive Armando Lins Netto Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Group President Armando Lins Netto reports changes in beneficial ownership of Corpay, Inc. stock due to vesting of restricted stock and tax liability payments.
Summary
- On February 14, 2025, Armando Lins Netto, Group President of Corpay, Inc., reported changes in his beneficial ownership of the company's common stock.
- These changes include the acquisition of 591 shares and 3,456 shares of common stock due to the vesting of performance-based restricted stock.
- Additionally, 265 shares and 516 shares were disposed of to cover tax liabilities associated with the vesting of these securities at a price of $368.41 per share.
- Following these transactions, Netto directly owns 34,276 shares of Corpay, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Future Outlook
The performance-based restricted stock award will continue to vest in two future installments on February 14, 2026, and February 14, 2027.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of earliest transaction: vesting of performance based restricted stock and payment of tax liability. |
| 02/14/2026 | Future vesting date: 1/3 of performance based restricted stock award. |
| 02/14/2027 | Future vesting date: 1/3 of performance based restricted stock award. |
| 03/14/2025 | Date of signature on the report. |
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