JONES HUGH W 4
Research Summary
AI-generated summary
Gogo (GOGO) Director Hugh W. Jones Receives 11,815 Deferred Share Units
What Happened Hugh W. Jones, a director of Gogo Inc. (GOGO), was granted 11,815 deferred share units (DSUs) on March 31, 2026. The filing reports this as an award/derivative grant (Transaction Code A) with a reported acquisition price of $0.00. These DSUs represent contingent rights to receive common stock in the future rather than immediate share ownership.
Key Details
- Transaction date: March 31, 2026 (reported on Form 4 for period ending 2026-03-31).
- Transaction type/code: Grant/Award (A), derivative instrument (deferred share units).
- Shares/units granted: 11,815 DSUs; reported price: $0.00 (no cash paid).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes:
- Each DSU represents the contingent right to receive one share of the company’s common stock.
- The DSUs vest in full on the one-year anniversary of the grant (Mar 31, 2027) and will be settled in common shares following the director’s termination of board service.
- Timeliness: No late-filing indication provided in the supplied data.
Context Deferred share units are a common form of director compensation that do not represent current shares outstanding; they convert to actual shares only after vesting and the specified settlement condition (here, following termination of board service). This grant is routine compensation-related equity and should not be interpreted as an immediate purchase or sale signal about the director’s market view.