Form 4: Gannett Co. Director Laurence Tarica Receives Stock Grant

Director Laurence Tarica received 30,864 shares of Gannett Co. stock on June 4, 2024, for services as a director.

Summary

• On June 4, 2024, Laurence Tarica, a director of Gannett Co., acquired 30,864 shares of common stock.
• The shares were granted as compensation for 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, Tarica directly owns 1,039,663 shares of Gannett Co. stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant to a director) which is generally viewed neutrally to positively as it aligns director and shareholder interests.

Positives

• The grant of stock to a director aligns their interests with those of the shareholders.
• The shares are fully vested, incentivizing the director to contribute to the company's long-term success.

Industry Context

Stock grants to directors are a common practice in corporate governance to align the interests of directors with those of shareholders.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates