Reed Michael 4
4 · Gannett Co., Inc. · Filed Jan 4, 2023
Insider Transaction Report
Form 4
Reed Michael
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2022-12-31+1,000,000→ 2,836,335 total - Tax Payment
Common Stock
2022-12-31$2.03/sh−436,609$886,316→ 2,399,726 total - Exercise/Conversion
Restricted Stock Units
2022-12-31−1,000,000→ 1,000,000 totalExercise: $0.00Exp: 2023-12-31→ Common Stock (1,000,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the underlying common stock.
- [F2]Shares withheld to cover tax withholding obligations on the vesting of restricted stock units.
- [F3]Subject to the terms of the applicable award agreement, 1,000,000 shares of common stock underlying the performance-based restricted stock units vested on December 31, 2022, and the remainder up to an aggregate of 2,000,000 shares will vest on December 31, 2023, upon the achievement of specified stock price goals (ranging from $4.00 per share to $10.00 per share, based on a 20 consecutive trading day average).