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

A Lee Enterprises executive sold 2,441 shares of common stock to cover tax obligations related to the vesting of restricted stock.

Summary

• Joseph J. Battistoni, a Vice President at Lee Enterprises, sold 2,441 shares of common stock on December 10, 2024.
• The sale was executed at a price of $16.83 per share.
• This transaction was a result of tax withholding obligations related to the vesting of previously granted restricted stock.
• Following the transaction, Battistoni directly owns 17,412 shares of Lee Enterprises common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no significant positive or negative implications.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, and is common in publicly traded companies.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across publicly traded companies.
• Form 4 filings are standard procedure for reporting insider transactions to the SEC.
• The number of shares sold and the price are within the typical range for such transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Lee Enterprises, insider trading, stock sale, Form 4, executive, tax withholding, restricted stock, Joseph J. Battistoni