Gregory Johnson Pedersen, Chief Accounting Officer of GlobalFoundries Inc. (NASDAQ: GFS), filed a Form 4 on August 4, 2026, disclosing the vesting and settlement of restricted stock units and related share withholding transactions dated July 31, 2026.

Key Highlights

  • Two RSU vesting events: 5,205 ordinary shares settled from one RSU tranche and 3,123 ordinary shares settled from a second RSU tranche on July 31, 2026.
  • Tax withholding disposals: 1,268 shares were withheld at $49.89 per share from the first tranche, and 761 shares were withheld at $49.89 per share from the second tranche, to satisfy tax obligations.
  • Remaining ordinary share ownership: 12,850 shares (first tranche) and 15,212 shares (second tranche) held directly following the transactions.
  • RSU balance: 42,186 RSUs remain outstanding, with vesting dates ranging from March 1, 2027 through March 1, 2029, subject to continuous service.
  • Transaction code F: Both disposals were coded "F," indicating shares withheld by the issuer for tax withholding purposes.

GlobalFoundries Chief Accounting Officer Discloses RSU Settlement and Share Withholding Details

According to the filing, Pedersen's July 31, 2026 transactions arose from the vesting and settlement of restricted stock units into ordinary shares of GlobalFoundries Inc. The first RSU tranche settled into 5,205 ordinary shares, from which 1,268 shares were withheld by the issuer at a price of $49.89 per share to cover tax withholding obligations, leaving a directly held balance of 12,850 ordinary shares. The second RSU tranche settled into 3,123 ordinary shares, with 761 shares withheld at $49.89 per share for the same purpose, resulting in a directly held balance of 15,212 ordinary shares.

The filing notes that the withholdings represent shares retained by the issuer and are not open-market sales. The reporting person's remaining RSU balance of 42,186 units is subject to a schedule of future vesting dates. According to the filing's explanation of responses, the RSU components vest as follows: 9,869 RSUs in equal installments on March 1, 2027, 2028, and 2029; 7,254 RSUs in equal installments on March 1, 2027 and 2028; 10,411 RSUs in equal installments on August 1, 2027 and 2028; 3,124 RSUs on August 1, 2027; 6,045 RSUs on March 1, 2029; and 5,483 RSUs on March 1, 2029, each contingent on the reporting person's continuous service through the applicable vesting date.

The filing was signed by Angela Corsilles as attorney-in-fact for the reporting person and submitted on August 4, 2026. Each RSU, as described in the filing, "represents a contingent right to receive one share of the issuer's ordinary shares upon settlement."

What Was Disclosed

The Form 4 disclosed two RSU vesting events on July 31, 2026, resulting in share issuances to Pedersen, offset by issuer withholding of shares at $49.89 each for tax purposes, and reported a remaining RSU balance of 42,186 units with future vesting through March 2029.