USA TODAY Co. (GCI) director Janulis receives 16,046-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
USA TODAY Co., Inc. director Theodore Peter Janulis received a grant of 16,046 shares of Common Stock on June 2, 2026. These shares came from restricted stock units that immediately vested and converted into common stock on a one-for-one basis as compensation for his board service.
The award was granted under the company’s 2023 Stock Incentive Plan in a transaction exempt under Rule 16b-3, meaning it was a planned, non-open-market grant rather than a market purchase. Following this grant, Janulis directly holds 284,392 shares of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JANULIS THEODORE PETER
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,046 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 284,392 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 16,046 shares
Shares owned after grant: 284,392 shares
Closing price: $7.79
+1 more
4 metrics
Shares granted
16,046 shares
Restricted stock units converted to Common Stock on June 2, 2026
Shares owned after grant
284,392 shares
Total direct holdings following the transaction
Closing price
$7.79
Applicable closing price on June 2, 2026 for the award
Transactions acquiring shares
1 transaction
Single grant/award acquisition reported in this Form 4
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 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.
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
"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.
FAQ
What did director Theodore Peter Janulis acquire in this USA TODAY Co. (GCI) Form 4?
Director Theodore Peter Janulis received 16,046 shares of USA TODAY Co. Common Stock. These shares came from restricted stock units that immediately vested and converted one-for-one into common shares as part of his compensation for serving on the board.
Was the USA TODAY Co. (GCI) Janulis transaction an open-market purchase or a grant?
The transaction was a grant, not an open-market purchase. Restricted stock units were awarded for board service and immediately converted into common stock, with no cash price paid per share in the reported transaction.
What was the reference stock price in the USA TODAY Co. (GCI) Janulis grant?
The applicable closing price referenced for the grant was $7.79 on June 2, 2026. This price helps indicate the market value of the restricted stock unit award at the time it vested and converted into common stock for the director.