Form 4: Planet Fitness CFO Thomas J. Fitzgerald III Executes Stock Option Exercises and Sales
SEC Form 4
Planet Fitness' Chief Financial Officer, Thomas J. Fitzgerald III, exercised stock options and sold shares on November 15, 2024, according to a recent SEC filing.
Summary
- On November 15, 2024, Thomas J. Fitzgerald III, the Chief Financial Officer of Planet Fitness, Inc., engaged in multiple transactions involving the company's Class A Common Stock.
- Fitzgerald exercised stock options to acquire 6,302 shares at $75.04, 7,269 shares at $78.35, and 3,277 shares at $83.04.
- Following the option exercises, Fitzgerald sold 16,448 shares at a weighted average price of $94.8745 and 400 shares at a weighted average price of $95.6691.
- The sales were executed in multiple transactions within price ranges of $94.5950 to $95.5390 and $95.5740 to $95.7028, respectively.
- After these transactions, Fitzgerald directly owns 27,284 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive, and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to executive stock option exercises and sales, which is common practice in publicly traded companies.
Comparison to Industry Standards
- Executive stock option exercises and sales are a standard part of compensation packages in publicly traded companies like Planet Fitness.
- The vesting schedules and exercise prices are typical for stock options granted to executives.
- Similar transactions are regularly reported by executives at comparable companies such as Xponential Fitness and Life Time Group Holdings.
Stakeholder Impact
- The transactions may have a minor impact on the stock price due to the sale of shares by a company executive.
- The transactions do not have a direct impact on employees, customers, or suppliers.
Key Dates
| Date | Description |
|---|---|
| 01/06/2021 | First vesting date for 6,302 stock options. |
| 01/06/2022 | Second vesting date for 6,302 stock options. |
| 03/19/2022 | First vesting date for 7,269 stock options. |
| 01/06/2023 | Third vesting date for 6,302 stock options. |
| 03/15/2023 | First vesting date for 3,277 stock options. |
| 03/19/2023 | Second vesting date for 7,269 stock options. |
| 01/06/2024 | Final vesting date for 6,302 stock options. |
| 03/15/2024 | Second vesting date for 3,277 stock options. |
| 03/19/2024 | Third vesting date for 7,269 stock options. |
| 11/15/2024 | Date of stock option exercises and share sales. |
| 03/15/2025 | Third vesting date for 3,277 stock options. |
| 03/19/2025 | Final vesting date for 7,269 stock options. |
| 03/15/2026 | Final vesting date for 3,277 stock options. |
| 01/06/2030 | Expiration date for 6,302 stock options. |
| 03/19/2031 | Expiration date for 7,269 stock options. |
| 03/15/2032 | Expiration date for 3,277 stock options. |
| 11/18/2024 | Date of signature on the SEC Form 4. |
Keywords
Planet Fitness, Stock Options, SEC Form 4, Insider Trading, Thomas J. Fitzgerald III, Class A Common Stock, Executive Compensation, Share Sales
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