GCI director granted 16,046 restricted shares
USA TODAY Co., Inc. director Louis John Jeffry reported an equity compensation grant rather than an open-market trade.
Rhea-AI Filing Summary
USA TODAY Co., Inc. director Louis John Jeffry reported an equity compensation grant rather than an open-market trade. He received 16,046 shares of Common Stock through restricted stock units that immediately vested and converted into common stock on a one-for-one basis for his services as a director under the 2023 Stock Incentive Plan. The award was recorded at a price of $0.00 per share, while the applicable closing price was $7.79 on June 2, 2026. After this grant, Jeffry directly holds 661,600 common shares and also has indirect holdings through several trusts with separate share balances.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 16,046 shares
Grant/Award
4 txns
Insider
Louis John Jeffry
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,046 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 661,600 shares (Direct);
Common Stock — 13,471 shares (Indirect, Marital Trust U/A John J. Louis, Jr. Trust);
Common Stock — 3,478 shares (Indirect, John J. Louis, Jr. Trust under the Will of John J. Louis fbo Tracy L. Merrill);
Common Stock — 9,873 shares (Indirect, John Jeffry Louis, Jr. Trust under the Will of John J. Louis fbo John Jeffry Louis)
Footnotes (1)
- F1. Reflects restricted stock units which immediately vested and converted into common stock on a one-for-one basis, granted to the reporting person for services as a director pursuant to the Issuer's 2023 Stock Incentive Plan in a transaction exempt under Rule 16b-3. The applicable closing price was $7.79 on June 2, 2026.
Key Figures
Equity grant size: 16,046 shares
Transaction price per share: $0.00 per share
Closing market price: $7.79
+4 more
7 metrics
Equity grant size
16,046 shares
Restricted stock units vested into common stock for director services
Transaction price per share
$0.00 per share
Recorded price for restricted stock unit conversion
Closing market price
$7.79
Applicable closing price on June 2, 2026
Direct holdings after grant
661,600 shares
Common stock directly held by Louis John Jeffry after transaction
Indirect holdings - Trust for John Jeffry Louis
9,873 shares
Common stock held indirectly through John Jeffry Louis, Jr. Trust fbo John Jeffry Louis
Indirect holdings - Trust for Tracy L. Merrill
3,478 shares
Common stock held indirectly through John J. Louis, Jr. Trust fbo Tracy L. Merrill
Indirect holdings - Marital Trust
13,471 shares
Common stock held indirectly through Marital Trust U/A John J. Louis, Jr. Trust
Key Terms
restricted stock units, Rule 16b-3, 2023 Stock Incentive Plan, closing price
4 terms
restricted stock units financial
"Reflects restricted stock units which immediately vested and converted into common stock on a one-for-one basis"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3 regulatory
"granted to the reporting person for services as a director pursuant to the Issuer's 2023 Stock Incentive Plan in a transaction exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
2023 Stock Incentive Plan financial
"granted to the reporting person for services as a director pursuant to the Issuer's 2023 Stock Incentive Plan"
closing price financial
"The applicable closing price was $7.79 on June 2, 2026"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did director Louis John Jeffry report at GCI?
Director Louis John Jeffry reported receiving 16,046 shares of USA TODAY Co., Inc. common stock as equity compensation. These shares came from restricted stock units that immediately vested and converted on a one-for-one basis for his board service.
At what price was the GCI equity award valued in the Form 4?
The award itself is recorded with a transaction price of $0.00 per share, reflecting its nature as compensation. The footnote notes an applicable closing market price of $7.79 on June 2, 2026, when the restricted stock units vested.
What type of equity compensation plan did GCI use for this director grant?
The restricted stock units were granted under USA TODAY Co., Inc.’s 2023 Stock Incentive Plan. They immediately vested and converted into common stock on a one-for-one basis as compensation for services as a director, in a transaction exempt under Rule 16b-3.
Does the GCI Form 4 mention any special regulatory treatment of this grant?
Yes. The footnote states the restricted stock units, which converted into common stock, were granted for director services under the 2023 Stock Incentive Plan in a transaction exempt under Rule 16b-3, a common exemption for insider compensation awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
