Jeffrey S. Sloan - 03 Aug 2021 Form 4 Insider Report for GLOBAL PAYMENTS INC (GPN)

Signature
/s/ David L. Green, attorney-in-fact for Jeffrey S. Sloan
Issuer symbol
GPN
Transactions as of
03 Aug 2021
Net transactions value
+$7,191,972
Form type
4
Filing time
05 Aug 2021, 16:22:21 UTC
Previous filing
15 Jun 2021
Next filing
09 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPN Common Stock Award $9,285,992 +54,762 +22% $169.57 300,667 03 Aug 2021 Direct F1
transaction GPN Common Stock Tax liability $2,094,020 -12,349 -4.1% $169.57 288,318 03 Aug 2021 Direct F2
holding GPN Common Stock 11,960 03 Aug 2021 By the Jeffrey S. Sloan Family Trust F3
holding GPN Common Stock 138,270 03 Aug 2021 By the Sloan Descendants' Trust F4
holding GPN Common Stock 51,068 03 Aug 2021 The 2020 Mid-Year Jeffrey S Sloan Grantor Retained Annuity Trust
holding GPN Common Stock 38,373 03 Aug 2021 By the Jeffrey S. Sloan Grantor Retained Annuity Trust F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of restricted common stock issued as a result of the vesting of performance-based synergy units which were originally granted on September 18, 2019 as a non-recurring, supplemental award and were earned based on the company's achievement of pre-established goals related to the TSYS merger. Half of the earned synergy units vested August 3, 2021 and the remaining half will vest on August 3, 2022.
F2 Represents the disposition of shares to the company to cover taxes on the vesting of awards.
F3 These shares are held in a trust for the benefit of the reporting person's children. The reporting person's spouse is a trustee of the trust. The reporting person disclaims beneficial ownership of these securities and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest.
F4 These shares are held in a trust for the benefit of the reporting person's lineal descendants. The reporting person's spouse is a trustee of the trust. The reporting person disclaims beneficial ownership of these securities and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest.
F5 The reporting person disclaims beneficial ownership of these securities and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest.