Form 8-K · Current report
Corpay 8-K, filed Jul 24, 2026
- Filed
- CIK
- 0001175454
- Accession no.
- 0001175454-26-000042
Summary
Corpay's Compensation Committee approved special grants of performance-based restricted stock units to Ronald F. Clarke (300,000 PSUs) and Armando L. Netto (28,213 PSUs) effective July 22, 2026, with vesting tied to Corpay's stock price and continued employment through a performance period ending August 31, 2028. The PSUs vest in three equal tranches if Corpay's closing stock price reaches $425.00, $450.00, and $475.00, respectively, each on five separate trading days during the performance period.
Key points
- Clarke received 300,000 PSUs and Netto 28,213 PSUs under Corpay's Amended and Restated 2010 Equity Compensation Plan.
- The performance period runs from the July 22, 2026 grant date through August 31, 2028.
- Each $425.00, $450.00, and $475.00 stock price hurdle must be met on five separate trading days to earn the corresponding tranche.
- Corpay said the grants are intended to align the executives' compensation with shareholder stock price interests and to retain their services.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 22, 2026, the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Corpay, Inc. (the “Company”) approved special grants of performance-based restricted stock units (“PSUs”) under the Company’s Amended and Restated 2010 Equity Compensation Plan (the “Plan”) to Messrs. Ronald F. Clarke and Armando L. Netto, effective on July 22, 2026 (the “Grant Date”). The PSUs will be earned and become vested based on the Company’s stock price performance and certain employment conditions. …
An excerpt of the text as filed with the SEC, cut for length.
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