Corporate GovernanceJul 24, 2026, 05:01 PM
Corpay Grants 328,213 PSUs to Execs Tied to $425-$475 Stock Price
AI Summary
Corpay, Inc.'s Compensation Committee approved special grants of performance-based restricted stock units (PSUs) to Messrs. Ronald F. Clarke and Armando L. Netto, effective July 22, 2026. These grants, totaling 328,213 PSUs, are intended to align executive compensation with shareholder interests and retain key personnel. The PSUs will be earned based on the company's stock price reaching specific hurdles of $425.00, $450.00, and $475.00 per share during a performance period ending August 31, 2028.
Key Highlights
- Corpay's Compensation Committee approved special performance-based restricted stock unit (PSU) grants.
- Ronald F. Clarke was granted 300,000 PSUs, effective July 22, 2026.
- Armando L. Netto was granted 28,213 PSUs, effective July 22, 2026.
- PSUs are earned based on stock price performance and employment conditions.
- Performance period runs from July 22, 2026, through August 31, 2028.
- Stock price hurdles for earning PSUs are $425.00, $450.00, and $475.00.
Price Impact
More from CPAY