Reed Michael 4
4 · Gannett Co., Inc. · Filed Jan 3, 2024
Insider Transaction Report
Form 4
Reed Michael
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2023-12-31+152,000→ 3,456,323 total - Tax Payment
Common Stock
2023-12-31$2.30/sh−54,796$126,031→ 3,401,527 total - Exercise/Conversion
Restricted Stock Units
2023-12-31+152,000→ 0 totalExercise: $0.00Exp: 2023-12-31→ Common Stock (152,000 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, 152,000 shares of common stock underlying the performance-based restricted stock units vested 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).