Gordon Crystal L 4
Research Summary
AI-generated summary
Gogo (GOGO) EVP Gordon Crystal Receives RSU Award
What Happened
Gordon Crystal L, Executive Vice President, General Counsel and Secretary of Gogo Inc. (GOGO), was granted 240,021 restricted stock units (RSUs) on March 11, 2026. The award is reported as a derivative grant (transaction code A) with an acquisition price of $0.00; the RSUs convert into common stock on a one-for-one basis upon vesting. This is a compensation award rather than an open‑market purchase or sale.
Key Details
- Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (timely filing under Form 4 rules).
- Grant: 240,021 RSUs at $0.00 (derivative award).
- Vesting: RSUs vest in four equal annual installments on the first four anniversaries of March 11, 2026, subject to continued employment (per filing footnote).
- Shares owned after transaction: not specified in the available filing.
- Footnotes: F1 — RSUs convert one-for-one to common stock; F2 — four-year annual vesting schedule.
- No 10b5-1 plan, tax withholding, or cashless sale reported in this filing.
Context
RSU grants are a common form of executive compensation and generally indicate retention incentives rather than an immediate vote of confidence through personal capital deployment. Because these RSUs vest over time and are awarded at $0, they do not represent an immediate purchase or sale of shares.