FLEETCOR grants CEO Ronald Clarke performance-based option award for 850,000 shares

CORPAY, INC.

Award covers 850,000 shares at $261.27 exercise price; two tranches vest at $350 and $400 10-day closing stock price hurdles.
Vesting also requires service: ratable in six-month increments over 18 months post-grant; award expires Dec 31, 2024.
Clarke received no 2020 long-term equity and has agreed to no additional equity grants in 2021-2023.
Compensation Committee aims to align CEO compensation with shareholder interests and retain Clarke.
Award subject to accelerated vesting on stock price hurdle achievement or change in control/termination.

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