Form 4: Gannett Co. Director Janulis Receives Stock Grant

Director Theodore Peter Janulis receives 30,864 shares of Gannett Co. stock as compensation for services.

Summary

• On June 4, 2024, Theodore Peter Janulis, a director of Gannett Co., Inc., acquired 30,864 shares of common stock.
• The shares were granted as compensation for his services as a director under the Issuer's 2023 Stock Incentive Plan.
• The transaction was exempt under Rule 16b-3 and the shares were fully vested upon grant.
• The closing price of Gannett Co. stock on June 4, 2024, was $4.05.
• Following the transaction, Janulis beneficially owns 232,530 shares of Gannett Co. stock.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a director's stock grant, which is a neutral event. The sentiment is slightly positive as it reflects alignment of interests between the director and shareholders.

Positives

• The stock grant aligns the director's interests with those of the shareholders.
• The grant is part of the company's 2023 Stock Incentive Plan, suggesting a structured approach to director compensation.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Director compensation through stock grants is a common practice in publicly traded companies to align the interests of directors with those of shareholders. The size and structure of the grant would be benchmarked against similar companies in the media industry.

Comparison to Industry Standards

• Director compensation packages, including stock grants, vary significantly across industries and company sizes.
• Comparing Gannett's director compensation to peers like News Corp, The New York Times Company, or Lee Enterprises would provide context.
• Factors such as company performance, market capitalization, and board responsibilities influence the size and structure of these grants.
• Benchmarking against industry averages for director compensation can help assess whether the grant is reasonable and competitive.

Stakeholder Impact

• The stock grant could have a slightly positive impact on shareholders by aligning the director's interests with theirs.
• The grant does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates