Lee Enterprises CEO Nathan Bekke Receives 158,228-Share Award

What Happened
Nathan E. Bekke, President & CEO of Lee Enterprises (LEE), received a grant/award on August 6, 2026 totaling 158,228 shares issued at $0. The Form 4 also reports earlier derivative awards from March 11, 2025 of 5,946 and 7,273 derivative shares (both $0). This filing is an amendment correcting an administrative under-reporting of 50,469 shares in the August 6, 2026 award.

Key Details

• Transaction dates and amounts:
  • 2026-08-06: Grant of 158,228 shares @ $0 (Acquired).
  • 2026-08-06: 158,228 derivative award entries also reported @ $0.
  • 2025-03-11: Derivative awards of 5,946 shares and 7,273 shares @ $0.
• Footnotes of note:
  • F1: Amendment corrects an under-reporting by 50,469 shares for the Aug 6, 2026 award.
  • F2: One derivative award (option) vests in three equal annual installments beginning Dec 16, 2025.
  • F3: Performance rights are contingent rights to receive one share each and vest only if performance criteria are met.
• Shares owned after the transaction: not disclosed in the provided Form 4 details.
• Filing status: This is an amended Form 4 (filed Aug 11, 2026) correcting the prior reporting error.

Context
These entries are awards/derivative grants as part of executive compensation — not open-market purchases or sales. The derivative items include time-vesting options (per F2) and performance-based rights that only convert to shares if performance targets are met (per F3). Such compensation grants are common for executives and reflect compensation design and vesting schedules rather than immediate buy/sell sentiment.