Form 4: Gogo Inc. Executive Vice President Crystal L. Gordon Reports Stock Transactions
SEC Form 4
Crystal L. Gordon, EVP, Gen Counsel and Secretary of Gogo Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On April 1, 2025, Crystal L. Gordon, EVP, Gen Counsel and Secretary of Gogo Inc., reported transactions involving Gogo Inc. common stock.
- 17,743 restricted stock units vested and were converted into common stock.
- 5,154 shares were disposed of at a price of $8.42 to satisfy tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Gordon directly owns 32,649 shares of Gogo Inc. common stock and 53,227 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine stock transactions by an executive. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Reporting person was granted 70,970 restricted stock units, vesting in four equal annual installments on the first four anniversaries of this date. |
| 04/01/2025 | Restricted stock units converted into common stock and shares disposed of to cover tax obligations. |
| 04/03/2025 | Date of Form 4 signature. |
Keywords
Gogo Inc., Crystal L. Gordon, restricted stock units, Form 4, common stock, insider trading, vesting, tax obligations
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