Goldfine Leigh 4
Research Summary
AI-generated summary
Gogo (GOGO) VP Leigh Goldfine Converts RSUs; 1,401 Shares Withheld
What Happened
- Leigh Goldfine, Vice President and Chief Accounting Officer of Gogo Inc., had 4,874 restricted stock units (RSUs) vest and convert into common shares on March 21, 2026. Of those shares, 1,401 were withheld to cover tax withholding at $4.26 per share (total withheld ~$5,968), leaving a net 3,473 shares issued to her. This was a vesting/conversion of compensation awards—not an open‑market purchase or sale.
Key Details
- Transaction date: March 21, 2026; Form 4 filed March 24, 2026 (filed within the normal two‑business‑day window).
- Reported transactions:
- Conversion/acquisition (code M): 4,874 shares acquired (RSU conversion).
- Tax withholding (code F): 1,401 shares withheld @ $4.26/share = $5,968.
- A separate derivative line (code M) shows 4,874 shares at $0.00 consistent with the RSU conversion entry.
- Shares owned after the transaction: not specified in the provided excerpt.
- Footnotes: F1 notes RSUs convert one‑for‑one into common stock; F2 confirms the grant (19,495 RSUs on 3/21/2025 vesting in four equal annual installments — this is one installment).
Context
- This activity reflects routine compensation vesting (RSUs) rather than a discretionary market buy or sell. The tax withholding is a standard practice to satisfy payroll/tax obligations when awards vest. Because there was no open‑market sale or purchase reported, this filing should be viewed as a receipt of vested awards, not an indicator of a trading decision.