Form 4: Planet Fitness Director Reports Stock Grant
Statement of Changes in Beneficial Ownership
Planet Fitness Director Stephen Spinelli Jr. reported the receipt of a stock grant valued at $0.00 on July 1, 2026, vesting on the grant date.
Summary
- This filing is a Form 4, a Statement of Changes in Beneficial Ownership, for Planet Fitness, Inc. (PLNT).
- Director Stephen Spinelli Jr. reported a transaction on July 1, 2026.
- The transaction involved the acquisition of 35,516 shares of Class A common stock.
- This was a grant of shares that vests on the grant date, with a reported value of $0.00.
- The reporting person directly beneficially owns these shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports a standard stock grant to a director with no immediate financial implications indicated by the $0.00 valuation.
Positives
- Director Stephen Spinelli Jr. received a grant of 35,516 shares of Planet Fitness common stock.
- The shares vest immediately on the grant date, providing direct ownership.
Negatives
- The reported value of the stock grant is $0.00, which may indicate a non-cash or nominal value award, or a placeholder for future valuation.
Future Outlook
This filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and are crucial for understanding potential shifts in beneficial ownership among company leadership. This specific filing details a stock grant to a director, which is a common form of executive compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Stephen Spinelli Jr. granted a Power of Attorney to Justin Vartanian and Darrell Chichester to execute SEC filings on his behalf, including Forms 3, 4, and 5. | 05/08/2025 | Facilitates timely and accurate reporting of insider transactions by enabling designated individuals to act on behalf of the reporting person. |
Stakeholder Impact
- Shareholders: The filing provides transparency regarding director compensation and ownership, which is a standard aspect of corporate governance.
Key Dates
| Date | Description |
|---|---|
| 05/08/2025 | Date of execution for the Power of Attorney document. |
| 07/01/2026 | Date of the earliest transaction reported in the Form 4. |
| 07/02/2026 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Planet Fitness, PLNT, Form 4, SEC Filing, Director, Stock Grant, Beneficial Ownership, Insider Trading
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