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GlobalFoundries Director Sells 1,671 Shares to Meet Tax Withholding on Restricted Stock Units
Marc Antaki, a director of GlobalFoundries Inc. (NASDAQ: GFS), sold 1,671 ordinary shares on July 29 2026, according to a recent SEC Form 4 filing. The transaction, valued at approximately $81,912, was a non‑discretionary sale executed to satisfy tax‑withholding obligations that arise when restricted stock units (RSUs) vest and are settled. The sale was completed at a weighted‑average price of $49.02 per share, slightly below the market close of $49.89 on July 30 2026.
After the sale, Antaki retained 9,202 shares, worth $433,138.14 at the time of the transaction. These shares represent less than 0.01 % of GlobalFoundries’ outstanding equity. The Form 4 filing also notes that Antaki holds 9,262 unvested RSUs, with settlement tranches scheduled for April and July 2027. The director’s holdings are therefore largely tied to future vesting events rather than current market exposure.
GlobalFoundries is a major independent semiconductor foundry with a market capitalization of $27.4 billion. The company’s trailing‑12‑month revenue is $6.8 billion and net income is $778 million, giving it a one‑year stock return of 17 % as of the transaction date. The firm manufactures integrated circuits for a broad customer base that includes automotive, telecommunications, industrial, consumer electronics and computing markets. Its foundry model allows fabless design companies and integrated device manufacturers to outsource production without owning fabrication facilities.
The sale’s timing follows GlobalFoundries’ first‑quarter 2026 earnings release, which highlighted continued revenue growth and a stable gross‑margin profile. While the director’s share sale is a routine tax‑withholding transaction, it illustrates the ongoing use of RSUs as a key component of executive compensation in the semiconductor industry. The remaining unvested RSUs signal that Antaki’s equity interest will grow as future vesting dates are reached.
In summary, Antaki’s July 29 2026 sale was a standard, non‑discretionary transaction to cover tax obligations on RSU vesting. He now holds a small direct stake in GlobalFoundries and retains a sizable pool of unvested RSUs that will mature in 2027. The company’s financials remain solid, with a sizable market cap and consistent profitability, positioning it as a critical infrastructure provider in the global semiconductor supply chain. No regulatory actions or legal proceedings are associated with this transaction, and the sale is expected to have minimal impact on the company’s overall equity structure.
After the sale, Antaki retained 9,202 shares, worth $433,138.14 at the time of the transaction. These shares represent less than 0.01 % of GlobalFoundries’ outstanding equity. The Form 4 filing also notes that Antaki holds 9,262 unvested RSUs, with settlement tranches scheduled for April and July 2027. The director’s holdings are therefore largely tied to future vesting events rather than current market exposure.
GlobalFoundries is a major independent semiconductor foundry with a market capitalization of $27.4 billion. The company’s trailing‑12‑month revenue is $6.8 billion and net income is $778 million, giving it a one‑year stock return of 17 % as of the transaction date. The firm manufactures integrated circuits for a broad customer base that includes automotive, telecommunications, industrial, consumer electronics and computing markets. Its foundry model allows fabless design companies and integrated device manufacturers to outsource production without owning fabrication facilities.
The sale’s timing follows GlobalFoundries’ first‑quarter 2026 earnings release, which highlighted continued revenue growth and a stable gross‑margin profile. While the director’s share sale is a routine tax‑withholding transaction, it illustrates the ongoing use of RSUs as a key component of executive compensation in the semiconductor industry. The remaining unvested RSUs signal that Antaki’s equity interest will grow as future vesting dates are reached.
In summary, Antaki’s July 29 2026 sale was a standard, non‑discretionary transaction to cover tax obligations on RSU vesting. He now holds a small direct stake in GlobalFoundries and retains a sizable pool of unvested RSUs that will mature in 2027. The company’s financials remain solid, with a sizable market cap and consistent profitability, positioning it as a critical infrastructure provider in the global semiconductor supply chain. No regulatory actions or legal proceedings are associated with this transaction, and the sale is expected to have minimal impact on the company’s overall equity structure.
