Michael Reed - 24 Mar 2022 Form 4 Insider Report for Gannett Co., Inc. (GCI)

Role: Chief Executive Officer, Director
Signature: /s/ Polly Grunfeld Sack, Attorney-in-Fact for Michael Reed
Issuer symbol: GCI
Transactions as of: 24 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 24 Mar 2022, 17:06:24 UTC
Next filing: 08 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GCI	Common Stock	Award	$0	+323,974	+32%	$0.000000	1,336,335	24 Mar 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	GCI	Restricted Stock Units						2,000,000	24 Mar 2022	Common Stock	2,000,000	$0.000000	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This restricted stock award was issued in a transaction exempt under Rule 16b-3 and will vest 33.3% on each of the first and second anniversary of the grant date and 33.4% on the third anniversary, subject to the reporting person's continued service as an employee through each vesting date and the terms of the award agreement.
F2	Each restricted stock unit represents a contingent right to receive one share of the underlying common stock.
F3	Subject to the terms of the applicable award agreement, up to 1,000,000 shares of common stock underlying the performance-based restricted stock units will vest on December 31, 2022, and the remainder up to an aggregate of 2,000,000 shares will vest on December 31, 2023, upon the achievement of specified stock price goals (ranging from $4.00 per share to $10.00 per share, based on a 20 consecutive trading day average).