Form 4: Gannett Co. CAO Cindy Gallagher Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Cindy Gallagher, CAO of Gannett Co., reports the disposal of 11,515 common stock shares to cover tax obligations on vested restricted stock.
Summary
- On March 24, 2024, Cindy Gallagher, the CAO of Gannett Co., disposed of 11,515 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock.
- The price per share was $2.22.
- Following the transaction, Gallagher beneficially owns 125,358 shares of Gannett Co. common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations on vested restricted stock, a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/24/2024 | Date of transaction: disposal of 11,515 shares of common stock. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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