Form 4: Gannett CFO Douglas Horne Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Gannett CFO Douglas Horne disposed of 50,721 shares of common stock to cover tax withholding obligations on vested restricted stock.
Summary
- On March 24, 2024, Douglas Edward Horne, CFO of Gannett Co., Inc., disposed of 50,721 shares of Gannett's common stock.
- The disposal was executed to cover tax withholding obligations related to the vesting of restricted stock.
- The price per share for the transaction was $2.22.
- Following the transaction, Horne directly owns 891,356 shares of Gannett common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is a common occurrence where shares are sold to cover tax obligations related to vesting equity.
Key Dates
| Date | Description |
|---|---|
| 03/24/2024 | Date of stock disposal transaction |
| 03/26/2024 | Date of signature on the Form 4 filing |
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