Director at USA TODAY Co. (NYSE: GCI) receives 16,046 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
USA TODAY Co., Inc. director Barbara W. Wall received a grant of 16,046 shares of common stock as restricted stock units for her board service. These RSUs immediately vested and converted into common shares on a one-for-one basis under the company’s 2023 Stock Incentive Plan.
The award was recorded at a price of $0.00 per share for Form 4 purposes, while the applicable market closing price on June 2, 2026 was $7.79. Following this compensation grant, Wall directly holds 443,985 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WALL BARBARA W.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,046 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 443,985 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 16,046 shares
Form 4 transaction price: $0.00 per share
Closing market price: $7.79 per share
+1 more
4 metrics
RSUs granted
16,046 shares
Restricted stock units granted to director on June 2, 2026
Form 4 transaction price
$0.00 per share
Reported grant price for the restricted stock unit award
Closing market price
$7.79 per share
Applicable closing price on June 2, 2026
Shares held after transaction
443,985 shares
Total direct common stock holdings following the grant
Key Terms
restricted stock units, 2023 Stock Incentive Plan, Rule 16b-3
3 terms
restricted stock units financial
"Reflects restricted stock units which immediately vested and converted into common stock"
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.
2023 Stock Incentive Plan financial
"granted to the reporting person for services as a director pursuant to the Issuer's 2023 Stock Incentive Plan"
Rule 16b-3 regulatory
"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.
FAQ
What did Barbara W. Wall report on this Form 4 for GCI?
Barbara W. Wall reported receiving 16,046 restricted stock units that immediately vested into common stock. The grant was issued for her services as a director under the 2023 Stock Incentive Plan and is treated as a compensation-related acquisition, not an open-market purchase.
Was Barbara W. Wall’s Form 4 transaction an open-market buy or sale of GCI stock?
The transaction was not an open-market buy or sale. It reflects a grant of 16,046 restricted stock units that immediately vested and converted into common shares as director compensation, in a transaction exempt under Rule 16b-3, rather than a discretionary market trade.
What plan governed the restricted stock unit grant reported for GCI?
The restricted stock unit grant was made under USA TODAY Co.’s 2023 Stock Incentive Plan. The footnote explains that the RSUs were granted for services as a director, immediately vested, and converted into common stock on a one-for-one basis at the time of the award.
What price is associated with the restricted stock grant in Barbara W. Wall’s Form 4?
The Form 4 reports the transaction at $0.00 per share, reflecting a compensation grant rather than a purchase. The footnote notes an applicable market closing price of $7.79 on June 2, 2026, which indicates the trading price of the common stock on the grant date.