Form 4: GEE Group CAO Stuckey Reports Share Forfeitures, Tax Withholdings

GEE Group's Chief Administrative Officer, Alexander Preston Stuckey, reported the forfeiture of performance-based shares and tax-related withholdings.

Summary

• Alexander Preston Stuckey, Chief Administrative Officer of GEE Group Inc. (JOB), reported changes in his beneficial ownership.
• On December 2, 2025, 150,316 shares of common stock were forfeited at a price of $0.19 per share. These were performance-based restricted common stock awarded on December 2, 2022, which were subject to the achievement of performance measures that were not met.
• On January 7, 2026, 42,557 shares of common stock were disposed of at a price of $0.20 per share. These shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of 170,252 shares of restricted common stock that vested on December 2, 2025.
• Following these transactions, Mr. Stuckey's direct beneficial ownership stands at 2,030,960 shares of common stock.
• This beneficial ownership includes 45,972 shares of restricted stock granted on December 1, 2023, which are set to vest on December 1, 2026.
• Additionally, it includes 45,972 shares of restricted stock Mr. Stuckey is eligible to earn in the future under the Company's Annual Incentive Compensation Program, contingent on achieving future performance-based measures.

Sentiment

Score: 4

Explanation: The forfeiture of performance-based shares is a negative indicator regarding the achievement of internal targets. While the executive retains significant ownership, this specific event suggests underperformance in certain areas.

Positives

• The Chief Administrative Officer maintains a significant beneficial ownership of 2,030,960 shares, indicating continued alignment with shareholder interests.

Negatives

• Forfeiture of 150,316 performance-based restricted common stock shares suggests that specific performance measures tied to their award were not achieved.
• A portion of vested restricted stock (42,557 shares) was withheld for tax obligations, reducing direct ownership.

Future Outlook

The filing indicates that Mr. Stuckey is eligible to earn an additional 45,972 shares of restricted stock in the future under the Company's Annual Incentive Compensation Program, subject to the achievement of future performance-based measures.

Industry Context

This Form 4 filing provides transparency into an executive's equity transactions, which is a standard regulatory requirement for publicly traded companies. Such filings offer insights into insider ownership and compensation structures, though they typically do not reflect broader industry trends.

Stakeholder Impact

• Shareholders: The forfeiture of performance shares could be viewed negatively as it indicates certain company performance targets were not met. However, the executive's continued substantial ownership aligns interests.
• Employees: The compensation structure involving performance-based awards and restricted stock is visible, potentially influencing perceptions of executive incentives.

Next Steps

• 45,972 shares of restricted stock granted on December 1, 2023, are scheduled to vest on December 1, 2026.
• Mr. Stuckey remains eligible to earn an additional 45,972 shares of restricted stock under the Annual Incentive Compensation Program, contingent on future performance.

Key Dates

Recommendation

The filing details routine insider transactions, including a forfeiture of performance-based shares and tax-related withholdings. While the forfeiture indicates certain performance targets were not met, the overall beneficial ownership remains substantial, suggesting continued alignment with shareholder interests. These transactions do not present a strong signal for a change in investment stance, thus a 'hold' recommendation is appropriate.

Keywords

GEE Group, JOB, Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock, Performance Shares, Stock Forfeiture, Tax Withholding, Executive Compensation