Form 4: Planet Fitness Director Stephen Spinelli Jr. Receives Stock Grant
SEC Form 4 Filing
Director Stephen Spinelli Jr. of Planet Fitness, Inc. received a grant of 435 shares of Class A common stock on October 1, 2024.
Summary
- On October 1, 2024, Stephen Spinelli Jr., a director of Planet Fitness, Inc., acquired 435 shares of Class A common stock.
- The shares were granted at a price of $0.00 per share and vested immediately.
- Following the transaction, Spinelli's direct ownership in Planet Fitness increased to 26,983 shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a stock grant. It doesn't inherently convey positive or negative sentiment.
Positives
- The grant of shares to a director could align their interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The stock grant could have a minor positive impact on shareholder sentiment by aligning director interests with shareholders.
Key Dates
| Date | Description |
|---|---|
| July 29, 2015 | Date of Power of Attorney execution. |
| 10/01/2024 | Date of transaction: Stephen Spinelli Jr. acquired 435 shares of Class A common stock. |
| 10/03/2024 | Date of Form 4 filing. |
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