Form 4: Gogo Inc. Director Michele Coleman Mayes Acquires Deferred Share Units

Director Michele Coleman Mayes acquired 5,197 deferred share units of Gogo Inc. on June 30, 2024, which will vest in full on the one-year anniversary of the grant date.

Summary

• On June 30, 2024, Michele Coleman Mayes, a director of Gogo Inc., acquired 5,197 deferred share units.
• These units represent the contingent right to receive one share of Gogo's common stock each.
• The deferred share units will vest fully on June 30, 2025.
• Settlement of these units into common stock will occur following the director's termination of service on the Company's board of directors.
• Following the transaction, Mayes directly owns 163,860 shares.
• The price of the deferred share units is $0.00.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and aligns director interests with shareholders. There are no indications of negative events or concerns.

Positives

• The acquisition of deferred share units by a director signals confidence in the company's future performance.

Future Outlook

The deferred share units will be settled in shares of the Company's common stock following the director's termination of service on the Company's board of directors.

Industry Context

This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include deferred share units to align the interests of directors with those of shareholders.
• The vesting schedule of one year is a common practice in the industry.
• Similar companies like Intelsat and ViaSat also use equity-based compensation for their directors.

Stakeholder Impact

• The acquisition of deferred share units aligns the director's interests with those of the shareholders, potentially driving long-term value creation.

Key Dates