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

Astrid J. Garcia, VP of Human Resources at Lee Enterprises, exercised tax withholding rights on vested restricted stock, resulting in a deemed disposition of shares.

Summary

• Astrid J. Garcia, Vice President of Human Resources at Lee Enterprises, exercised tax withholding rights related to previously granted restricted stock.
• This action resulted in a deemed disposition of 810 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 $13,632.30.

Sentiment

Score: 7

Explanation: The document describes a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

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

Comparison to Industry Standards

• Tax withholding on vesting restricted stock is a common practice across publicly traded companies.
• The number of shares and value involved are relatively small, suggesting this is a routine transaction for a mid-level executive.
• Similar transactions are regularly reported by other companies as part of their executive compensation disclosures.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares.
• The transaction is part of the company's standard compensation practices for its executives.

Key Dates

Keywords

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