Form 4: Gannett CFO Douglas Horne Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Gannett CFO Douglas Horne reports the disposal of 13,656 common stock shares to cover tax withholding obligations on vested restricted stock.
Summary
- On March 3, 2024, Douglas Edward Horne, CFO of Gannett Co., Inc., reported a transaction involving the disposal of 13,656 shares of common stock.
- The shares were disposed of to cover tax withholding obligations related to the vesting of restricted stock.
- The transaction was executed at a price of $2.11 per share.
- Following the transaction, Horne beneficially owns 942,077 shares of Gannett Co., Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their impact on stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Date of transaction: Disposal of common stock to cover tax withholding. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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