Form 4: Planet Fitness Director Stephen Spinelli Jr. Receives Stock Grant

Director Stephen Spinelli Jr. of Planet Fitness, Inc. was granted 1,451 shares of Class A common 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, Stephen Spinelli Jr., 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, Spinelli directly owns 29,346 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.
• A Power of Attorney was executed on May 8, 2025, granting Justin Vartanian and Darrell Chichester the authority to act on behalf of Stephen Spinelli, Jr. for SEC filings related to Planet Fitness, Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant) and doesn't contain any alarming or negative information. It's a standard practice, hence a neutral to slightly positive sentiment.

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, but the vesting schedule of the stock grant suggests an expectation of continued service by the director.

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 a standard part of executive compensation.

Comparison to Industry Standards

• Stock grants to board members are a common practice among publicly traded companies, including competitors like Xponential Fitness and Life Time Group Holdings.
• The size of the grant is typical for director compensation packages, which often include a mix of cash and equity.
• Vesting schedules are also standard, usually ranging from one to three years to ensure long-term alignment.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better decision-making for the company.
• The grant has a negligible impact on employees, customers, suppliers, and creditors.

Key Dates

Keywords

Planet Fitness, Stephen Spinelli Jr., Director, Stock Grant, Class A Common Stock, SEC Form 4, Beneficial Ownership, Vesting, Power of Attorney