GPN - John T. Turner At Global Payments Executes Options Exercise Realizing $413K | Benzinga
John T. Turner, Director at Global Payments (NYSE:GPN), reported a large exercise of company stock options on April 30, according to a new SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday revealed that Turner, Director at Global Payments in the Financials sector, exercised stock options for 5,712 shares of GPN stock. The exercise price of the options was $39.22 per share.
The Wednesday morning market activity shows Global Payments shares down by 9.05%, trading at $111.66. This implies a total value of $413,777 for Turner's 5,712 shares.
All You Need to Know About Global Payments
Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants. The company operates in 30 countries and generates about one fourth of its revenue from outside North America, primarily in Europe and Asia. In 2019, Global Payments merged with Total System Services in an all-stock deal that gave Total System Services shareholders 48% of the combined company's shares. The merger added issuer processing operations.
Breaking Down Global Payments's Financial Performance
Positive Revenue Trend: Examining Global Payments's financials over 3 months reveals a positive narrative. The company achieved ...