Form 4: Repay Holdings Director Paul Garcia Receives Stock Grant

Director Paul R. Garcia has been granted 50,295 restricted stock units, increasing his total stake in Repay Holdings Corp to over 230,000 shares.

Summary

• Paul R. Garcia, a Director at Repay Holdings Corp, acquired 50,295 restricted stock units (RSUs) on June 10, 2026.
• The RSUs were granted at a price of $0.00 as part of director compensation.
• Following this transaction, Garcia directly owns 230,951 shares of Class A Common Stock.
• The units are scheduled to vest on the earlier of the one-year anniversary of the grant or the next annual meeting of stockholders, provided it is at least 50 weeks after the grant date.
• Actual shares will only be issued to the reporting person after they cease to be a director of the company.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral-to-positive administrative event. While it involves the issuance of new units, it confirms the continued involvement and alignment of an experienced director.

Positives

• Increased insider ownership aligns the director's interests with those of the shareholders.
• The reporting person maintains a significant total holding of 230,951 shares, suggesting long-term confidence in the company.
• The vesting schedule ensures the director remains committed to the company for at least a full annual cycle.

Negatives

• The grant represents potential future dilution for existing shareholders, though typical for corporate governance structures.
• The shares are not immediately tradable, as they are restricted and only issued upon the director's departure from the board.

Risks

• The value of the compensation is tied to the Class A Common Stock price, which is subject to market volatility.
• The delayed issuance of shares (post-directorship) means the reporting person cannot liquidate these specific holdings to respond to short-term market changes.

Future Outlook

The restricted stock units are expected to vest by June 2027, assuming the director remains on the board through the next annual meeting. The issuance of these shares will occur only after the director's service to the board concludes.

Management Comments

• The shares subject to the units will be issued to the Reporting Person after the Reporting Person ceases to be a director of the Issuer pursuant to the terms of the award agreement.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard industry practice among mid-cap fintech companies like Repay Holdings to conserve cash while ensuring board members have 'skin in the game' alongside public investors.

Comparison to Industry Standards

• The grant size is consistent with director compensation packages seen at peer companies such as Marqeta and Shift4 Payments.
• The use of RSUs with a one-year cliff or annual meeting vesting trigger is a standard corporate governance benchmark for U.S. listed companies.

Corporate Governance

Stakeholder Impact

• Shareholders: Minor potential for future dilution, but benefit from director alignment.
• Management: No direct impact on day-to-day operations.

Next Steps

• Vesting of the 50,295 RSUs on or around June 10, 2027, or the date of the next annual meeting.

Key Dates

Recommendation

This filing is a routine disclosure of director compensation and does not provide new information regarding the company's operational performance or strategic direction that would warrant a change in investment thesis.

Keywords

Repay Holdings Corp, RPAY, Insider Trading, Form 4, Director Compensation, Restricted Stock Units, Paul Garcia, Fintech