Form 4: Planet Fitness Director Christopher Tanco Receives Stock Grant

Director Christopher Tanco received 1,451 shares of Planet Fitness, Inc. stock on May 6, 2025, which will vest on the earlier of the first anniversary of the grant date or the company's 2026 annual meeting of stockholders.

Summary

• On May 6, 2025, Christopher Tanco, a director of Planet Fitness, Inc., acquired 1,451 shares of Class A common stock.
• The shares were granted at a price of $0.00.
• Following the transaction, Tanco directly owns 11,888 shares of Planet Fitness, Inc.
• The grant vests on the earlier of the first anniversary of the grant date or the issuer's 2026 annual meeting of stockholders.
• Tanco has a power of attorney designating Dorvin Lively, Justin Vartanian, and Darrell Chichester to act on his behalf for SEC filings related to Planet Fitness, Inc.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a stock grant to a director, which is generally neutral in sentiment. It indicates continued alignment of the director with the company's success.

Positives

• The grant of shares to a director aligns their interests with those of the shareholders.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but the vesting schedule of the stock grant extends into the future.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to incentivize and align their interests with those of the shareholders. This grant is part of Planet Fitness's overall compensation strategy.

Comparison to Industry Standards

• Stock grants to directors are a common practice among publicly traded companies, including competitors like Xponential Fitness (XPOF) and Life Time Group Holdings (LTH).
• The size of the grant is likely determined by factors such as the director's role, company performance, and industry benchmarks for director compensation.
• Companies like Peloton (PTON) and Nautilus (NLS) also utilize stock-based compensation for their directors and executives.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.
• The grant has a minimal impact on employees, customers, suppliers, and creditors.

Key Dates

Keywords

Planet Fitness, Director, Christopher Tanco, Stock Grant, Class A Common Stock, Beneficial Ownership, SEC Form 4, Power of Attorney, PLNT