Form 4: Gogo Inc. EVP and CFO Jessica Betjemann Reports Stock Transactions
SEC Form 4 Filing
Jessica Betjemann, EVP and CFO of Gogo Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Jessica Betjemann, the EVP and CFO of Gogo Inc., reported transactions involving Gogo Inc. common stock on March 24, 2024.
- These transactions included the vesting of 4,297 restricted stock units (RSUs) which converted into common stock on a one-for-one basis.
- Additionally, 1,903 shares were disposed of to cover tax obligations at a price of $8.5 per share.
- Following these transactions, Betjemann directly owns 68,298 shares of Gogo Inc. common stock and 8,593 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard executive compensation practices, with no indication of positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| 03/24/2022 | Date of grant of 17,187 restricted stock units vesting in four equal annual installments. |
| 03/24/2024 | Date of transaction: vesting of restricted stock units and disposal of shares for tax obligations. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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