---
schema_version: "secwatch.filing_event.v1"
accession: "0001175454-21-000042"
form_type: "8-K"
ticker: "CPAY"
cik: "0001175454"
company_name: "CORPAY, INC."
filed_at: "2021-10-05T23:59:59+00:00"
generated_at: "2026-06-28T22:50:40.245910+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001175454-21-000042
- form_type: 8-K
- ticker: CPAY
- cik: 0001175454
- company_name: CORPAY, INC.
- filed_at: 2021-10-05T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175454/000117545421000042/0001175454-21-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175454/000117545421000042/flt-20210930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001175454-21-000042
- JSON: https://secwatch.observer/filing/0001175454-21-000042.json
- Plain text: https://secwatch.observer/filing/0001175454-21-000042.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.