GOGO.NASDAQGogo INC

Form 4: Gogo Inc. Executive Karen Jackson Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Karen Jackson, EVP and Chief People Experience Officer at Gogo Inc., reports the vesting and subsequent sale of restricted stock units.

Summary

  • On March 29, 2024, Karen Jackson, EVP, Chief People Experience Officer of Gogo Inc., reported transactions involving Gogo Inc. common stock.
  • Jackson exercised 12,934 restricted stock units (RSUs) that converted into common stock on a one-for-one basis.
  • Simultaneously, 3,789 shares were disposed of to cover tax obligations at a price of $8.78 per share.
  • Following these transactions, Jackson directly owns 62,146 shares of Gogo Inc. common stock and 12,933 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice and provides transparency to investors.

Stakeholder Impact

  • The transaction has a minor impact on shareholders as it involves the sale of shares by an executive, which could slightly increase the supply of shares in the market.

Key Dates

DateDescription
03/29/2021Reporting person was granted 51,735 restricted stock units, vesting in four equal annual installments on the first four anniversaries of March 29, 2021, subject to continued employment with the Company.
03/29/2024Date of transaction: Exercise of restricted stock units and disposal of shares for tax obligations.
04/02/2024Date of signature on the Form 4 filing.

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