Form 4: Gannett CEO Michael Reed Reports Stock Transactions

Gannett's CEO, Michael Reed, reports the acquisition and disposal of company stock related to performance-based stock units and tax obligations.

Summary

• Michael Reed, CEO of Gannett Co., Inc., filed a Form 4 detailing changes in beneficial ownership of company stock.
• On March 24, 2025, Reed disposed of 194,722 shares of common stock at $3.15 per share to cover tax withholding obligations on vesting restricted stock.
• On the same day, Reed acquired 184,934 shares of common stock at $0.00 per share, representing performance-based stock units that have met the performance criteria.
• Additionally, Reed disposed of 89,461 shares at $3.15 per share to cover tax withholding obligations related to the receipt of common stock from the earned performance-based stock units.
• Following these transactions, Reed beneficially owns 3,107,722 shares of Gannett common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions related to executive compensation. The acquisition of performance-based stock units is a slightly positive indicator.

Positives

• The acquisition of 184,934 shares indicates that performance-based stock units have met their criteria, suggesting positive performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

Keywords

Form 4, Gannett, Michael Reed, Stock Transactions, Beneficial Ownership, Performance-Based Stock Units, Tax Withholding