Koch Monte JM 4
Research Summary
AI-generated summary
Gogo Director Monte J.M. Koch Receives Deferred Share Award
What Happened
- Monte J.M. Koch, a director of Gogo Inc. (GOGO), received a grant of 11,815 deferred share units on March 31, 2026. The award is reported as a derivative acquisition (code A) at $0.00 per unit; the filing shows no immediate cash value. This was a compensation award to a director rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-31; Filing date: 2026-04-02 (filed within the Form 4 timeframe).
- Award: 11,815 deferred share units; price reported: $0.00 (derivative grant).
- Shares owned after the transaction: not specified in the provided filing details.
- Footnotes: F1 — each deferred share unit equals the contingent right to receive one share of common stock. F2 — units were granted 3/31/2026, vest in full one year from the grant date, and will be settled in shares following the director’s termination of board service.
- No indication of a 10b5-1 plan, tax withholding sale, or late filing in this report.
Context
- Deferred share units are common director compensation and do not represent immediately transferable shares; they convert to stock only after vesting and settlement conditions are met. Such grants are routine and are not the same signal as an insider purchase (which may indicate confidence) or a sale (which may signal liquidity needs).