Form 4: GoPro EVP, CFO and COO Brian McGee Reports Changes in Beneficial Ownership

Brian McGee, EVP, CFO and COO of GoPro, reports the acquisition and disposal of Class A Common Stock and restricted stock units.

Summary

• On May 15, 2024, Brian McGee, EVP, CFO and COO of GoPro, reported changes in beneficial ownership of GoPro stock.
• McGee acquired 242,991 shares of Class A Common Stock at $0 per share due to a restricted stock unit (RSU) award that vests over four years.
• He also disposed of 2,116 shares of Class A Common Stock at $1.7 per share to cover tax obligations related to the vesting of restricted stock units.
• Following these transactions, McGee directly owns 529,299 shares of Class A Common Stock and indirectly owns 276 shares through his spouse.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

• The acquisition of 242,991 shares through RSUs indicates a long-term incentive for the executive.
• The vesting schedule of the RSUs aligns the executive's interests with the company's performance over the next four years.

Future Outlook

The vesting schedule of the RSUs suggests a continued alignment of the executive's interests with the company's performance over the next four years.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing indicates standard equity-based compensation practices.

Comparison to Industry Standards

• Equity compensation in the form of RSUs is a common practice among publicly traded companies to incentivize executives.
• Vesting schedules, such as the four-year vesting period described, are standard in the industry to ensure long-term commitment.
• The disposal of shares to cover tax obligations is also a typical occurrence when RSUs vest.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
• The RSU award aligns the executive's interests with shareholder value over the long term.

Key Dates