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 and conversion of restricted stock units into common stock, along with a disposition of shares to cover tax obligations.
Summary
- On March 3, 2024, Jessica Betjemann, the EVP and CFO of Gogo Inc., engaged in transactions involving the company's stock.
- 10,587 restricted stock units vested and were converted into common stock.
- 5,251 shares were disposed of at a price of $8.41 to satisfy tax obligations.
- Following these transactions, Betjemann directly owns 64,372 shares of Gogo Inc. common stock and 31,760 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, with no inherent positive or negative sentiment. It's a routine disclosure.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the executive's stake in the company.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the executive's compensation and alignment with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 03/03/2023 | Reporting person was granted 42,347 restricted stock units, vesting in four equal annual installments on the first four anniversaries of March 3, 2023, subject to continued employment with the Company. |
| 03/03/2024 | Restricted stock units converted into common stock and shares disposed of for tax obligations. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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