Form 4: Gannett Co. Director Amy Reinhard Reports Acquisition of 30,864 Shares

Director Amy Reinhard acquired 30,864 shares of Gannett Co. stock on June 4, 2024, as part of the Issuer's 2023 Stock Incentive Plan.

Summary

• On June 4, 2024, Amy Reinhard, a director of Gannett Co., acquired 30,864 shares of common stock.
• The acquisition was part of the Issuer's 2023 Stock Incentive Plan and is exempt under Rule 16b-3.
• The shares were granted for services as a director and were fully vested upon grant.
• The closing price of Gannett Co. stock on June 4, 2024, was $4.05.
• Following the transaction, Amy Reinhard directly owns 119,400 shares of Gannett Co. stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine transaction related to director compensation. The director increasing their stake is a mildly positive signal.

Positives

• The acquisition of shares by a director signals confidence in the company.
• The shares were granted as part of a stock incentive plan, aligning the director's interests with those of the shareholders.

Industry Context

Director stock ownership is a common practice in publicly traded companies to align management's interests with shareholders. Stock incentive plans are frequently used to attract and retain key personnel.

Comparison to Industry Standards

• Director ownership levels vary widely across companies and industries.
• Stock incentive plans are a standard component of executive compensation packages in publicly traded companies, often benchmarked against peer companies to ensure competitiveness.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates