Form 4: Gannett Co. Director John Jeffry Louis Reports Acquisition of Shares in Lieu of Retainer Fees

Director John Jeffry Louis acquired 5,422 shares of Gannett Co. common stock at $4.61 per share in lieu of retainer fees.

Summary

• On June 30, 2024, John Jeffry Louis, a director of Gannett Co., Inc., acquired 5,422 shares of common stock.
• The acquisition was in lieu of $25,000 in retainer fees, with the shares valued at $4.61 each.
• Following the transaction, Louis directly owns 565,615 shares of Gannett Co. common stock.
• Louis also has indirect ownership through various trusts.
• These trusts include the John Jeffry Louis, Jr. Trust under the Will of John J. Louis fbo John Jeffry Louis (9,873 shares), the John J. Louis, Jr. Trust under the Will of John J. Louis fbo Tracy L. Merrill (3,478 shares), and the Marital Trust U/A John J. Louis, Jr. Trust (13,471 shares).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, with a director receiving stock in lieu of fees. It doesn't indicate any major positive or negative developments for the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
• The use of stock in lieu of retainer fees can conserve cash for the company.

Industry Context

Directors receiving stock in lieu of fees is a fairly common practice, especially for smaller companies or those looking to conserve cash. It aligns the director's interests with those of the shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
• It has a minor positive impact on the company as it conserves cash.

Key Dates