Gogo (NASDAQ: GOGO) CAO vests 4,365 RSUs, retains over 29,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gogo Inc. vice president and chief accounting officer Leigh Goldfine exercised restricted stock units that converted into 4,365 shares of common stock on a one-for-one basis. The award is part of a grant originally covering 17,459 restricted stock units that vest in four equal annual installments starting on April 1, 2024, subject to continued employment.
To cover tax obligations related to this vesting, 1,254 common shares were withheld at $4.01 per share. After these transactions, Goldfine directly owns 29,114 shares of Gogo common stock and continues to hold 8,729 restricted stock units following the conversion.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,365 shares exercised/converted
Mixed
3 txns
Insider
Goldfine Leigh
Role
VP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,365 | $0.00 | -- |
| Exercise | Common Stock | 4,365 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,254 | $4.01 | $5K |
Holdings After Transaction:
Restricted Stock Units — 8,729 shares (Direct);
Common Stock — 30,368 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On April 1, 2024, the reporting person was granted 17,459 restricted stock units, vesting in four equal annual installments on the first four anniversaries of April 1, 2024, subject to continued employment with the Company.
Key Figures
RSUs exercised: 4,365 units
Tax-withheld shares: 1,254 shares
Tax withholding price: $4.01 per share
+3 more
6 metrics
RSUs exercised
4,365 units
Restricted stock units converted into common stock on April 1, 2026
Tax-withheld shares
1,254 shares
Common shares withheld to cover tax obligations at $4.01
Tax withholding price
$4.01 per share
Value used for 1,254 common shares withheld for taxes
Common shares held
29,114 shares
Direct Gogo common stock ownership after transactions
RSUs remaining
8,729 units
Restricted stock units held after 4,365-unit vesting
Original RSU grant
17,459 units
Granted April 1, 2024, vesting in four equal annual installments
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, vesting
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" with one-for-one stock conversion"
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 1,254 shares at $4.01"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"RSUs vest in four equal annual installments starting April 1, 2024"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Gogo (GOGO) insider Leigh Goldfine do in this Form 4?
Leigh Goldfine exercised restricted stock units that converted into 4,365 Gogo common shares. A portion of those shares was then withheld to satisfy tax obligations arising from the vesting event.
What is the source RSU grant disclosed for Gogo (GOGO) CAO Goldfine?
On April 1, 2024, Goldfine was granted 17,459 restricted stock units. These units vest in four equal annual installments on the first four anniversaries of that date, conditioned on continued employment with Gogo Inc.
How were taxes handled on Leigh Goldfine’s Gogo (GOGO) RSU vesting?
To cover tax liabilities from the vested RSUs, 1,254 Gogo common shares were withheld. The Form 4 lists these withheld shares at a price of $4.01 per share as part of a tax-withholding disposition.
How many restricted stock units does Leigh Goldfine still hold at Gogo (GOGO)?
After this vesting and conversion, the Form 4 shows Goldfine with 8,729 restricted stock units remaining. These units are part of the original grant and will vest in future annual installments if employment continues.