Form 4: Gogo Inc. Director Receives Deferred Share Units
SEC Form 4 Filing
GTCR Partners XII/A&C LP, a 10% owner and director of Gogo Inc., reports the acquisition of deferred share units for director Mark Anderson.
Summary
- GTCR Partners XII/A&C LP, a 10% owner and director of Gogo Inc., filed a Form 4.
- The filing reports the acquisition of 8,356 deferred share units by director Mark Anderson on September 30, 2024.
- These units will vest on the one-year anniversary of the grant date and will be settled in shares of Gogo's common stock after Mr. Anderson's service on the board ends.
- Mr. Anderson is an employee of GTCR LLC, and the securities are held on behalf of GTCR-affiliated entities.
- Following the transaction, the reporting person indirectly owns 66,383 derivative securities.
- The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding director compensation, with a neutral sentiment.
Future Outlook
The deferred share units will vest in full on the one-year anniversary of the grant date and 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.
Management Comments
- Each of the Reporting Persons and the individual members of the GTCR Board of Managers disclaims beneficial ownership of the securities reported herein, except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons or Mr. Anderson is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Industry Context
This filing is a routine disclosure related to director compensation and ownership changes, common in publicly traded companies. It provides transparency into the equity-based compensation of Gogo Inc.'s directors.
Stakeholder Impact
- The grant of deferred share units aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Grant of deferred share units. |
| 10/02/2024 | Date of Form 4 filing. |
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