Form 4: Lee Enterprises Executive Sells Shares to Cover Tax Obligations

Jolene N. Sherman, VP of Business Development & Market at Lee Enterprises, sold 821 shares of common stock to cover tax obligations related to vesting restricted stock.

Summary

• Jolene N. Sherman, a Vice President at Lee Enterprises, sold 821 shares of the company's common stock on December 10, 2024.
• The sale was executed at a price of $16.83 per share.
• This transaction was a result of the exercise of a tax withholding right related to the vesting of previously granted restricted stock.
• Following the transaction, Ms. Sherman directly owns 11,450 shares of Lee Enterprises common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, which is common in publicly traded companies. It does not indicate any specific trend or issue within the industry.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across publicly traded companies.
• The number of shares sold and the price are not unusual for a transaction of this type.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Lee Enterprises, insider trading, stock sale, Form 4, executive compensation, restricted stock, tax withholding