GlobalFoundries Director Sells Shares Amid Stock Decline
Marc Antaki, a director of GlobalFoundries Inc. (GFS), sold 1,671 shares on July 29, 2026, as part of a non-discretionary transaction to cover tax obligations from the vesting of restricted stock units. The sale occurred at an average price of $49.02 per share, below recent levels in early July when the stock was trading above $50. Antaki still holds 9,202 shares directly and has additional unvested RSUs scheduled to settle later this year. GlobalFoundries reported a trailing twelve-month revenue of $6.8 billion with a net income of $778 million as of the transaction date. The company operates in multiple sectors including automotive, telecommunications, and industrial markets, offering advanced semiconductor manufacturing services. Despite recent margin improvements due to higher-value work, investor sentiment has been affected by broader market trends impacting semiconductor stocks. The stock closed at $49.89 on July 30, showing a slight recovery after the sale but still below its earlier levels in May and June.
Tickers: $GFS