4//SEC Filing
Reed Michael 4
Accession 0001062993-23-016473
CIK 0001579684other
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 9:25 PM ET
Size
7.1 KB
Accession
0001062993-23-016473
Insider Transaction Report
Form 4
Reed Michael
DirectorChief Executive Officer
Transactions
- Purchase
Common Stock
2023-08-14$3.29/sh+80,000$263,200→ 3,244,323 total
Holdings
- 1,000,000
Restricted Stock Units
Exercise: $0.00Exp: 2023-12-31→ Common Stock (1,000,000 underlying)
Footnotes (3)
- [F1]The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.26 to $3.31, inclusive. Mr. Reed undertakes to provide Gannett Co., Inc., any security holder of Gannett Co., Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the underlying common stock.
- [F3]Subject to the terms of the applicable award agreement, 1,000,000 shares of common stock underlying the performance-based restricted stock units vested on December 31, 2022, and the remainder up to an aggregate of 2,000,000 shares will vest on December 31, 2023, upon the achievement of specified stock price goals (ranging from $4.00 per share to $10.00 per share, based on a 20 consecutive trading day average).
Issuer
Gannett Co., Inc.
CIK 0001579684
Entity typeother
Related Parties
1- filerCIK 0001376487
Filing Metadata
- Form type
- 4
- Filed
- Aug 13, 8:00 PM ET
- Accepted
- Aug 14, 9:25 PM ET
- Size
- 7.1 KB