Form 4: Gannett Director Maha Al-Emam Reports Grant of 35,816 Shares for Board Service
Insider Transaction Report
Gannett Co., Inc. Director Maha Al-Emam reported the acquisition of 35,816 shares of common stock as compensation for her services, bringing her total beneficial ownership to 66,680 shares.
Summary
- Maha Al-Emam, a Director of Gannett Co., Inc. (GCI), acquired 35,816 shares of common stock on June 3, 2025.
- These shares were granted as compensation for her services as a director under the Issuer's 2023 Stock Incentive Plan.
- The grant was exempt under Rule 16b-3 and fully vested upon grant.
- The shares were acquired at a price of $0, reflecting their nature as compensation.
- Following this transaction, Maha Al-Emam beneficially owns a total of 66,680 shares of Gannett Co., Inc. common stock directly.
- The closing price of Gannett's common stock on the grant date, June 3, 2025, was $3.49 per share.
Sentiment
Score: 6
Explanation: The filing reports a routine and expected equity grant to a director as part of compensation, which is a neutral to slightly positive event as it aligns director interests with shareholders. There are no negative surprises or significant positive catalysts.
Positives
- The grant of 35,816 shares to Director Maha Al-Emam aligns her interests with shareholders, as the shares were fully vested upon grant.
- The transaction was made pursuant to the Issuer's 2023 Stock Incentive Plan, indicating a structured approach to director compensation.
Negatives
- No specific negative aspects are detailed in this Form 4 filing, as it primarily reports a routine compensation grant.
Risks
- No specific risks are mentioned in this Form 4 filing.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing reports a routine insider transaction related to director compensation and does not provide broader industry context or trends. It reflects standard corporate governance practices for compensating board members with equity.
Comparison to Industry Standards
- This document reports a standard equity grant to a director as part of their compensation, which is a common practice across publicly traded companies.
- The specific value and number of shares granted would typically be benchmarked against director compensation packages at peer companies within the media or publishing industry, such as The New York Times Company (NYT), Lee Enterprises (LEE), or McClatchy (MNI), to assess competitiveness and alignment with market standards. However, this filing does not provide the necessary data for such a detailed comparison.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation Policy | The grant was made pursuant to the Issuer's 2023 Stock Incentive Plan, indicating a standing policy for equity-based compensation for directors. | 06/03/2025 | Reinforces alignment of director interests with shareholder value through equity ownership. |
| Power of Attorney | Maha Al-Emam granted Power of Attorney to specific individuals for Section 16 reporting obligations, streamlining compliance. | 04/06/2025 | Enhances efficiency and accuracy of SEC reporting for insider transactions. |
Legal Proceedings
- No legal proceedings or regulatory matters are mentioned in this Form 4 filing.
Related Party Transactions
- The grant of 35,816 shares of common stock to Director Maha Al-Emam for services rendered is a related party transaction, as it involves compensation from the company to a member of its board of directors.
Stakeholder Impact
- Shareholders: The grant of shares to a director aligns their interests with shareholders, as the director's personal wealth becomes tied to the company's stock performance. This can incentivize decisions that benefit long-term shareholder value.
- Employees: No direct impact on employees is indicated by this filing.
Next Steps
- This Form 4 filing does not outline any specific future actions, events, or milestones for the company or the reporting person.
Key Dates
| Date | Description |
|---|---|
| 04/06/2025 | Date Maha Al-Emam executed the Power of Attorney for Section 16 reporting obligations. |
| 06/03/2025 | Date of transaction where Maha Al-Emam acquired 35,816 shares of Gannett Co., Inc. common stock. |
| 06/04/2025 | Date the Form 4 was signed by the Attorney-in-Fact for Maha Al-Emam. |
Recommendation
holdKeywords
Gannett Co. Inc., GCI, Maha Al-Emam, Director Compensation, Stock Grant, Form 4, SEC Filing, Insider Transaction, Equity Compensation, Stock Incentive Plan
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