This insider cluster is routine and non-informative. The dollar amount is trivial relative to market cap, and the sales are tied to option exercises (King) and director diversification (Stull, Farrelly). No cross-filing context (earnings, restatement, late filing, or agreement) amplifies the signal. Monitor for any upcoming 8-K or earnings release that could provide context, but no immediate trading action is warranted based on this filing alone.
Price Chart
Executive Summary
Three Corpay insiders sold a total of $2.54M in open-market sales over a one-week window, led by Group President Alan King ($1.57M) and two directors. The cluster is dominated by sales, with King's transactions tied to derivative exercises (non-cash). At $27.1B market cap, the $2.54M represents ~0.009% of market cap — well below the 0.1% materiality threshold. Per the asymmetric insider literature, cluster sales are weak predictors of future returns, especially when driven by option exercises and routine diversification. The historical calibration shows score-6 reports on this segment have a 55% observed up-move rate, supporting a neutral read. No cross-filing context (earnings, restatement, late filing, or agreement) is present to amplify this signal. The filing is routine and non-directional.
Key Financial Metrics
Key Facts
- Three insiders sold $2.54M total in open-market sales (Aug 13-20, 2026)
- Group President Alan King sold $1.57M after exercising options at $0-$261.07 strike prices
- Director Steven Stull sold $1.1M across 8 trades; Director Joseph Farrelly sold $727K
- Total sales represent ~0.009% of $27.1B market cap — trivial by proportionality standards
- All sales are open-market; King's sales are tied to derivative exercises (non-cash events)
- No earnings, restatement, late filing, or agreement cross-filing context to amplify signal
- Historical calibration: score-6 reports on this segment have 55% observed up-move rate at T+20
Financial Impact
Total insider sales of $2.54M represent ~0.009% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if management sees headwinds not yet disclosed
- No material risk identified from this filing alone
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CPAY-1787378555716 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 5w ago | Insider Cluster | $406.93 $400.32 | ▲ +1.62% | ▲ +1.85% | $394.64 (+3.02%) |
Aug 21, 2026 6w ago | Insider Cluster | $417.13 $397.76 | ▼ −4.64% | ▼ −4.36% | $394.64 (−5.39%) |
Aug 21, 2026 6w ago | Insider Cluster | $417.13 $397.22 | ▼ −4.77% | ▼ −4.25% | $394.64 (−5.39%) |
Aug 20, 2026 6w ago | 144 | $417.13 $397.22 | ▼ −4.77% | ▼ −4.25% | $394.64 (−5.39%) |
Aug 20, 2026 6w ago | Insider Cluster | $412.00 $397.76 | ▼ −3.46% | ▼ −3.46% | $394.64 (−4.21%) |
Aug 19, 2026 6w ago | 144 | $412.00 $397.76 | ▼ −3.46% | ▼ −3.46% | $394.64 (−4.21%) |
Aug 19, 2026 6w ago | Insider Cluster | $407.08 $404.26 | ▼ −0.69% | ▲ +1.26% | $394.64 (−3.06%) |
Aug 18, 2026 6w ago | 144 | $407.08 $404.26 | ▼ −0.69% | ▲ +1.26% | $394.64 (−3.06%) |
Jul 30, 2026 9w ago | Institutional Cluster | $390.12 $403.67 | ▲ +3.47% | ▼ −0.49% | $394.64 (+1.16%) |
Jul 24, 2026 9w ago | 8-K | $379.71 $413.92 | ▲ +9.01% | ▲ +5.71% | $394.64 (+3.93%) |
US Market Status
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