GOGO director award boosts ownership to 192,028 shares
Rhea-AI Filing Summary
Michele Coleman Mayes, a director of Gogo Inc. (GOGO), was granted 5,820 deferred share units on 09/30/2025. Each deferred share unit represents the contingent right to receive one share of the company’s common stock. The units vest immediately on the grant date and will be settled in shares following the director’s termination of board service. After the grant, Ms. Mayes beneficially owns 192,028 shares of Gogo common stock. The Form 4 was signed on 10/02/2025 by an attorney-in-fact for Ms. Mayes.
Positive
- 5,820 deferred share units granted with immediate vesting, aligning director pay with shareholder outcomes
- Reported beneficial ownership increased to 192,028 shares, enhancing director equity stake
Negative
- Deferred share units settle in common stock upon termination, which will dilute outstanding shares when settled
Insights
Director received immediate-vesting deferred share units totaling 5,820 on 09/30/2025.
The grant of 5,820 deferred share units that vest immediately indicates a routine director compensation event rather than a performance-based award. Because the units settle in common stock upon Ms. Mayes’ board departure, the grant aligns long-term pay with continued service.
This transaction increases Ms. Mayes’ reported beneficial ownership to 192,028 shares, but the award’s settlement timing delays share issuance until termination, which limits immediate dilution.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Share Units | 5,820 | $0.00 | -- |
Footnotes (1)
- Each deferred share unit represents the contingent right to receive one share of the Company's common stock. These deferred share units were granted on September 30, 2025, and immediately vest in full on the grant date. The deferred share units will be settled in shares of the Company's common stock following the director's termination of service on the Company's board of directors.
FAQ
What did Gogo director Michele Coleman Mayes receive on 09/30/2025?
What is the transaction date and filing signature date on the Form 4?