GLOBALFOUNDRIES (NYSE: GFS) CEO discloses share and RSU stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. director and CEO Timothy Graham Breen reported his initial ownership position in a Form 3 filing. He directly holds 114,515 ordinary shares. He also has 167,162 ordinary shares represented by restricted stock units (RSUs), which give him the right to receive shares in the future.
According to the disclosure, 68,477 of these RSU-linked shares vest in equal installments on March 1, 2027 and March 1, 2028. The remaining 98,685 RSU-linked shares vest in equal installments on March 1, 2027, 2028 and 2029, subject to his continuous service through each vesting date. Each RSU converts into one ordinary share upon settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Breen Timothy Graham
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 114,515 shares (Direct);
Restricted Share Units — 167,162 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did GLOBALFOUNDRIES (GFS) CEO Timothy Graham Breen report in his Form 3?
He reported his initial ownership in GLOBALFOUNDRIES, including 114,515 ordinary shares and 167,162 shares represented by restricted stock units. The filing outlines both his current direct share position and equity awards that may convert into ordinary shares over time.
What is the vesting schedule for GLOBALFOUNDRIES (GFS) CEO RSUs?
Of the 167,162 RSU-linked shares, 68,477 vest in equal installments on March 1, 2027 and 2028. Another 98,685 vest in equal installments on March 1, 2027, 2028 and 2029, contingent on his continuous service at each vesting date.
What does each restricted stock unit represent for GLOBALFOUNDRIES (GFS) CEO?
Each restricted stock unit represents a contingent right to receive one ordinary share of GLOBALFOUNDRIES upon settlement. Actual share delivery depends on the RSUs vesting according to the specified schedule and his continued service through those vesting dates.