Form 4: Planet Fitness Director Receives Stock Grant
Statement of Changes in Beneficial Ownership
Planet Fitness, Inc. director Stephen Spinelli Jr. was granted 3,226 shares of Class A common stock, vesting on the earlier of the first anniversary of the grant date or the issuer's 2027 annual meeting.
Summary
- Stephen Spinelli Jr., a director at Planet Fitness, Inc., received a grant of 3,226 shares of Class A common stock.
- The shares are subject to vesting conditions, which will be met on the earlier of the first anniversary of the grant date or the company's 2027 annual meeting of stockholders.
- This transaction was reported on a Form 4 filing with the SEC.
- The filing also includes a Power of Attorney document appointing Justin Vartanian and Darrell Chichester as attorneys-in-fact for electronic filings.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a standard director stock grant with a typical vesting schedule, without immediate significant financial implications.
Positives
- Director compensation through stock grants can align management interests with shareholder value.
- The vesting schedule encourages long-term commitment from the director.
Future Outlook
The granted shares will vest on the earlier of the first anniversary of the grant date or the issuer's 2027 annual meeting of stockholders, indicating a forward-looking compensation plan.
Industry Context
StockSavvy.ai notes that stock grants to directors are a common practice in the fitness and retail industries to incentivize leadership and align their financial interests with the company's performance and long-term strategy.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Stephen Spinelli Jr. granted power of attorney to Justin Vartanian and Darrell Chichester for executing SEC filings. | 05/08/2025 | Facilitates efficient and compliant electronic filing of required SEC reports by designated representatives. |
Stakeholder Impact
- Shareholders: The stock grant is a form of compensation and may dilute ownership slightly upon vesting, but it also aligns director incentives with long-term shareholder value.
- Directors/Officers: Stephen Spinelli Jr. benefits from the stock grant, which is part of his compensation package as a director.
Next Steps
- The shares granted will vest according to the specified schedule.
- Stephen Spinelli Jr. will continue to hold his position as Director.
Key Dates
| Date | Description |
|---|---|
| 05/05/2026 | Transaction Date for stock grant |
| 05/06/2026 | Date of signature on Form 4 |
| 05/08/2025 | Effective date of Power of Attorney |
| 2027 | Company's 2027 annual meeting of stockholders (potential vesting date) |
Keywords
Planet Fitness, PLNT, Form 4, Director, Stock Grant, Beneficial Ownership, SEC Filing, Stephen Spinelli Jr.
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