Form 4: Planet Fitness Director Craig Benson Receives Stock Grant

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

Summary

• On May 6, 2025, Craig Benson, 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, Benson directly owns 19,309 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.
• Darrell Chichester, Attorney-in-Fact, signed the report on May 8, 2025, on behalf of Craig Benson.
• Craig Benson has granted power of attorney to Justin Vartanian and Darrell Chichester to act on his behalf for SEC filings.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a stock grant, which is neither particularly positive nor negative. It's a standard part of executive compensation.

Positives

• The grant of shares to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

Stock grants are a common form of compensation for directors and executives in publicly traded companies, aligning their interests with shareholders and incentivizing long-term value creation.

Comparison to Industry Standards

• Stock grants to directors are a standard practice across publicly listed companies.
• The size of the grant (1,451 shares) would need to be compared to grants given to directors at comparable companies like Xponential Fitness or Life Time Group Holdings to assess its relative value.
• Vesting schedules, such as the one described (vesting on the earlier of the first anniversary of the grant date or the issuer's 2026 annual meeting of stockholders), are typical for stock grants to ensure continued service and commitment.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders, potentially encouraging decisions that increase shareholder value.
• The grant has a minor dilutive effect on existing shareholders.

Key Dates

Keywords

Planet Fitness, Craig Benson, Director, Stock Grant, Class A Common Stock, SEC Form 4, Beneficial Ownership, Vesting