Form 4: Lee Enterprises VP Exercises Tax Withholding Rights on Restricted Stock

Nathan E. Bekke, VP of Audience Strategy at Lee Enterprises, exercised tax withholding rights on vested restricted stock, resulting in a deemed disposition of shares.

Summary

• Nathan E. Bekke, Vice President of Audience Strategy at Lee Enterprises, exercised tax withholding rights related to previously granted restricted stock.
• This action resulted in a deemed disposition of 2,529 shares back to Lee Enterprises.
• The transaction occurred on December 10, 2024, with a price of $16.83 per share.
• The total value of the disposed shares was $35,585.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and does not indicate any significant positive or negative sentiment.

Industry Context

This type of transaction is common for executives who receive equity compensation, and it is a standard practice for managing tax obligations related to vesting shares.

Comparison to Industry Standards

• Tax withholding on restricted stock is a common practice across publicly traded companies.
• The number of shares and value involved are typical for executive compensation packages.
• Similar transactions are regularly reported by other companies in the media and publishing industry.

Stakeholder Impact

• The transaction has a minor impact on the total number of outstanding shares of Lee Enterprises.

Key Dates

Keywords

Lee Enterprises, restricted stock, tax withholding, share disposition, equity compensation