Form 4: Gannett Co. CAO Cindy Gallagher Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Cindy Gallagher, CAO of Gannett Co., Inc., reports the disposal of 4,971 shares of common stock to cover tax withholding obligations on vested restricted stock.
Summary
- On March 3, 2024, Cindy Gallagher, the CAO of Gannett Co., Inc., disposed of 4,971 shares of common stock.
- The disposal was executed to cover tax withholding obligations related to the vesting of restricted stock.
- The price per share was $2.11.
- Following the transaction, Gallagher beneficially owns 136,873 shares of Gannett Co., Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Date of transaction: Disposal of shares to cover tax obligations. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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