Jeffrey Steven Sloan - 31 Dec 2022 Form 5 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
31 Dec 2022
Net transactions value
-$1,607,352
Form type
5
Filing time
13 Jan 2023, 15:17:28 UTC
Previous filing
24 Feb 2022
Next filing
24 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPN Common Stock Gift -4,820 -100% 0 05 May 2022 By the 2020 Jeffrey S. Sloan Grantor Retained Annuity Trust F2, F3
transaction GPN Common Stock Gift +4,820 +40% 16,780 05 May 2022 By the Jeffrey S. Sloan Family Trust F2, F4
transaction GPN Common Stock Tax liability $1,607,352 -12,350 -4.3% $130.15 272,538 03 Aug 2022 Direct F1, F5, F6
holding GPN Common Stock 153,210 31 Dec 2022 The 2021 Jeffrey S. Sloan Grantor Retained Annuity Trust F1
holding GPN Common Stock 138,270 31 Dec 2022 By the Sloan Descendant's Trust F7
holding GPN Common Stock 15,430 31 Dec 2022 The 2020 Mid-Year Jeffrey S. Sloan Grantor Retained Annuity Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 3, 2022, the reporting person contributed 153,210 shares of the Company's common stock he previously held directly to the 2021 Jeffrey S. Sloan GRAT, of which he serves as the trustee.
F2 Shares transferred without consideration.
F3 On May 5, 2022, the 2020 Jeffrey S. Sloan GRAT distributed (x) 4,820 shares to the Jeffrey S. Sloan Family Trust as the remaindermen, which continue to be reported on this Form 4 as indirectly owned and (y) 33,553 shares to the reporting person as an annuity payment in accordance with the terms of the GRAT instrument. Thereafter the 2020 Jeffrey S.Sloan GRAT terminated.
F4 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..
F5 Represents the disposition of shares to the company to cover taxes on the vesting of awards.
F6 Reflects the March 3, 2022 distribution by the 2020 Mid-Year Jeffrey S. Sloan GRAT of 35,638 shares to the reporting person as an annuity payment in accordance with the terms of the GRAT instrument.
F7 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.