Key facts
- This page summarizes Michael Reed's Form 4 filing for Gannett Co., Inc. (GCI).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 08 Aug 2022, 16:21.
Michael Reed - 08 Aug 2022 Form 4 Insider Report for Gannett Co., Inc. (GCI)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- GCI
- Reported as of
- 08 Aug 2022
- Net transaction value
- +$1,220,000
- SEC form
- 4
- Accepted by SEC
- 08 Aug 2022, 16:21:31 UTC
- Prior SEC filing
- 24 Mar 2022
- Next SEC filing
- 04 Jan 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Polly Grunfeld Sack, Attorney-in-Fact for Michael Reed
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael Reed filed Form 4 for Gannett Co., Inc. (GCI) on 08 Aug 2022.
Change
- Previous filing in this sequence was filed on 24 Mar 2022.
- Current net transaction value: +$1,220,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GCI
transaction
Common Stock
Purchase
- Transaction value
- $1,220,000
- Shares
- +500,000
- Change %
- +37%
- Price
- $2.44
- Shares after
- 1,836,335
- Date
- 08 Aug 2022
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GCI
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 2,000,000
- Date
- 08 Aug 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,000,000
- Exercise price
- $0.000000
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.33 to $2.50, inclusive. Mr. Reed undertakes to provide Gannett Co., Inc., any security holder of Gannett Co., Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Footnote F2
Each restricted stock unit represents a contingent right to receive one share of the underlying common stock.
Footnote 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).