MAYES MICHELE COLEMAN 4
Research Summary
AI-generated summary
Gogo (GOGO) Director Michele Mayes Receives Award
What Happened
Michele Coleman Mayes, a director of Gogo Inc., received a grant of 12,437 deferred share units on March 31, 2026. The units were awarded at a grant price of $0.00 (derivative award) and vest immediately. These deferred share units represent a contingent right to receive one share of Gogo common stock per unit and will be settled in shares following the director’s termination of board service.
Key Details
- Transaction date: 2026-03-31 (Grant; transaction code A).
- Quantity: 12,437 deferred share units; Grant price reported as $0.00.
- Settlement: Units vest immediately but are payable in shares only after the director leaves the board (see footnotes).
- Shares owned after transaction: Not specified in the provided filing.
- Filing date: 2026-04-03 (filing included with accession 0001213900-26-039764).
- Footnotes:
- F1: Each deferred share unit equals the contingent right to one share of common stock.
- F2: Units were granted and immediately vested on March 31, 2026; settlement in shares occurs following termination of board service.
Context
This is a compensation award to a director (routine board pay), not an open-market purchase or sale. Deferred share units award future stock rather than immediate shares or cash, so they do not increase the director’s shareholdings until settled. Such grants are common for non-employee directors and should be read as regular compensation rather than a direct bullish or bearish trade signal.