Form 4: Gannett Co. Director John Jeffry Louis Reports Acquisition of 30,864 Shares

Director John Jeffry Louis acquired 30,864 shares of Gannett Co. stock on June 4, 2024, as compensation for services as a director.

Summary

• On June 4, 2024, John Jeffry Louis, a director of Gannett Co., acquired 30,864 shares of common stock.
• The acquisition was a grant for services as a director under the Issuer's 2023 Stock Incentive Plan.
• The shares were fully vested upon grant and the applicable closing price was $4.05 on June 4, 2024.
• Following the transaction, Louis directly owns 560,193 shares of Gannett Co.
• Louis also indirectly owns shares through various trusts: 9,873 shares via the John Jeffry Louis, Jr. Trust, 3,478 shares via the John J. Louis, Jr. Trust fbo Tracy L. Merrill, and 13,471 shares via the Marital Trust U/A John J. Louis, Jr. Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing a stock grant to a director. While insider ownership can be a positive signal, this is part of a pre-existing compensation plan.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.

Stakeholder Impact

• The transaction increases the director's stake in the company, aligning his interests with those of other shareholders.

Key Dates