Form 4: Gogo Director Michele Mayes Receives Equity Grant

Gogo Inc. Director Michele Coleman Mayes was granted 10,729 deferred share units, increasing her beneficial ownership to 202,757 units.

Summary

• Michele Coleman Mayes, a Director of Gogo Inc. (GOGO), reported the acquisition of 10,729 Deferred Share Units (DSUs).
• The transaction occurred on December 31, 2025, with the DSUs granted at a price of $0.00 per unit.
• These DSUs vested immediately upon the grant date.
• Each DSU represents the contingent right to receive one share of Gogo's common stock.
• The DSUs will be settled in shares of common stock following the director's termination of service on the Company's board of directors.
• Following this transaction, Michele Coleman Mayes beneficially owns a total of 202,757 Deferred Share Units.

Sentiment

Score: 6

Explanation: The filing reports a routine equity grant to a director, increasing their beneficial ownership and aligning their interests with shareholders. This is a standard compensation practice.

Positives

• Increased alignment between a director's interests and shareholder interests through additional equity ownership.
• The grant of Deferred Share Units is a common form of non-cash compensation for directors, indicating standard corporate governance practices.

Risks

• The value of the Deferred Share Units is tied to the future performance of Gogo Inc.'s common stock, exposing the director to market risk.

Future Outlook

The Deferred Share Units will be settled in shares of Gogo Inc. common stock following the director's termination of service on the Company's board of directors.

Industry Context

The grant of equity-based compensation, such as Deferred Share Units, to non-employee directors is a standard practice across many industries, including the technology and aviation services sectors where Gogo Inc. operates. This aligns director incentives with long-term company performance.

Comparison to Industry Standards

• The use of Deferred Share Units for director compensation is a common and accepted practice in corporate governance, aligning with compensation structures seen in comparable public companies. Specific comparable companies or projects are not detailed in this filing.

Corporate Governance

Related Party Transactions

• The grant of 10,729 Deferred Share Units to Michele Coleman Mayes, a director of Gogo Inc., constitutes a related party transaction as it involves compensation to an insider.

Stakeholder Impact

• Shareholders: The transaction increases director ownership, potentially enhancing alignment between the director's long-term interests and those of the shareholders.
• Employees: No direct impact on employees is indicated.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated.

Next Steps

• Settlement of the Deferred Share Units into common stock shares upon the director's termination of service from the board.

Key Dates

Keywords

Gogo Inc., GOGO, Form 4, insider transaction, director compensation, equity grant, deferred share units, beneficial ownership, Michele Coleman Mayes