GLOBALFOUNDRIES CFO Franklin Sam Disposes 106 Shares for Tax Withholding
GLOBALFOUNDRIES Inc.
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Filing Summary
GLOBALFOUNDRIES Inc. ($GFS) Form 4: Chief Financial Officer Franklin Sam surrendered 106 Ordinary Shares at $50.17 ($5,318.02 total) on 2026-10-02 to cover tax withholding upon RSU vesting. Post-transaction direct holdings stand at 20,095 shares.
Comprehensive Analysis
Overview
On October 6, 2026, GLOBALFOUNDRIES Inc. ($GFS) filed a Form 4 detailing a transaction by Chief Financial Officer Franklin Sam. On October 2, 2026, 106 ordinary shares were withheld by the issuer at $50.17 per share to satisfy tax withholding obligations triggered by the vesting and settlement of 432 restricted stock units (RSUs).
Transaction Details
- Reporting Person: Franklin Sam (Chief Financial Officer)
- Security: Ordinary Shares
- Transaction Date: October 2, 2026
- Transaction Code: F (Payment of exercise price or tax liability by delivering or withholding securities)
- Shares Disposed: 106
- Price Per Share: $50.17
- Total Transaction Value: $5,318.02
- Ending Direct Ownership: 20,095 ordinary shares (in addition to 95,210 unvested restricted share units)
Market & Strategic Context
This transaction represents an automatic, routine withholding of shares to satisfy statutory tax obligations resulting from RSU vesting. Because this is not a discretionary open-market sale or purchase, it conveys no directional sentiment regarding the company's financial or operational outlook.
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