Jolene N. Sherman - 11 Mar 2025 Form 4 Insider Report for LEE ENTERPRISES, Inc (LEE)

Signature
/s/Timothy B. Gulbranson, Limited POA, Attorney-in-Fact
Issuer symbol
LEE
Transactions as of
11 Mar 2025
Transactions value $
$0
Form type
4
Filing time
13 Mar 2025, 16:31:34 UTC
Previous filing
12 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEE Common Stock Award $0 +1.14K +9.92% $0.00 12.6K 11 Mar 2025 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
transaction LEE Employee Stock Option (Right to Buy) Award $0 +1.86K $0.00 1.86K 11 Mar 2025 Common Stock 1.86K $16.36 Direct F1, F2
transaction LEE Performance Rights Award $0 +2.27K $0.00 2.27K 11 Mar 2025 Common Stock 2.27K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The grant of restricted stock awards, stock options, and performance shares were approved by the executive compensation committee of LEE's board of directors on December 16, 2024, subject to shareholder approval of the First Amendment to the 2020 Long-Term Incentive Plan ("Amendment") under which the awards were granted and the subsequent filing of LEE's Registration Statement on Form S-8 registering the additional shares authorized under the Amendment. LEE's shareholders approved the Amendment on February 27, 2025, and the Form S-8 was filed with the Securities and Exchange Commission on March 11, 2025.
F2 The option vests in three equal annual installments beginning on December 16, 2025.
F3 Each performance right represents a contingent right to receive one share of LEE common stock. The performance rights vest on the expiration date and upon the satisfaction of certain performance criteria of LEE's common stock.