Form 4: Gogo Inc. Director Michele Coleman Mayes Reports Acquisition of Deferred Share Units

Director Michele Coleman Mayes reports acquisition of 6,963 deferred share units in Gogo Inc., vesting in one year and settled in common stock post-service.

Summary

• On September 30, 2024, Michele Coleman Mayes, a director of Gogo Inc., acquired 6,963 deferred share units.
• These units represent the contingent right to receive one share of Gogo Inc.'s common stock each.
• The deferred share units will vest on the one-year anniversary of the grant date.
• Settlement will occur in shares of Gogo Inc.'s common stock following the director's termination of service on the company's board.
• Following the transaction, Mayes directly owns 170,823 shares.
• The price of the deferred share units is $0.00.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and aligns director interests with company performance.

Positives

• The acquisition of deferred share units aligns the director's interests with the long-term performance of the company.
• The vesting period encourages continued service on the board.

Future Outlook

The deferred share units will be settled in shares of Gogo Inc.'s common stock following the director's termination of service on the company's board, indicating a future transfer of equity.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency to investors regarding the alignment of management's interests with shareholder value.

Stakeholder Impact

• Shareholders: Provides transparency regarding director compensation and alignment of interests.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates