THORNE OAKLEIGH 4
Research Summary
AI-generated summary
Gogo (GOGO) Director Thorne Oakleigh Receives 11,815 Deferred Share Units
What Happened
- Thorne Oakleigh, a director and 10% owner of Gogo Inc. (GOGO), was granted 11,815 deferred share units on March 31, 2026. The units were reported as an award/other acquisition (Form 4 code A) with an acquisition price of $0 (derivative award). The filing indicates these units represent contingent rights to receive common stock and will be settled in shares when the director’s service on the board ends.
Key Details
- Transaction date: March 31, 2026; Filing date: April 2, 2026 (Form 4 accession 0001213900-26-039668).
- Award: 11,815 deferred share units; reported acquisition price $0 (derivative grant).
- Shares owned after transaction: not specified in the details you provided.
- Footnotes: F1 — each deferred share unit equals the contingent right to one share; F2 — units were granted and immediately vested on the grant date and will be settled in common stock following termination of board service.
- No 10b5-1 plan, tax-withholding, or sale activity was reported for this grant in the provided data; the filing does not indicate lateness.
Context
- This is a director grant of deferred share units (a non-cash, derivative award) rather than an open-market purchase or sale. Immediate vesting means the award is not time‑based, but the units convert to actual shares only upon the director’s departure from the board, so they do not currently increase tradable float. As a 10% owner and board member, Oakleigh’s award reflects compensation/retention practices for directors rather than a straightforward buy or sell signal.