Gogo Inc. (GOGO) EVP converts RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gogo Inc. executive Gordon L. Crystal, EVP, General Counsel and Secretary, reported equity transactions tied to previously granted restricted stock units. On March 3, 2026, he exercised 10,587 restricted stock units at $0.00 per unit, converting them on a one-for-one basis into 10,587 shares of common stock.
To cover tax obligations, 3,604 shares of common stock were disposed of at $4.84 per share through a tax-withholding transaction, rather than an open-market sale. After these transactions, he held 42,660 shares of common stock and 10,586 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,587 shares exercised/converted
Mixed
3 txns
Insider
Gordon Crystal L
Role
EVP, Gen Counsel and Secy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,587 | $0.00 | -- |
| Exercise | Common Stock | 10,587 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,604 | $4.84 | $17K |
Holdings After Transaction:
Restricted Stock Units — 10,586 shares (Direct);
Common Stock — 46,264 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On March 3, 2023, the reporting person was granted 42,347 restricted stock units, vesting in four equal annual installments on the first four anniversaries of March 3, 2023, subject to continued employment with the Company.
FAQ
What insider transactions did GOGO executive Gordon L. Crystal report?
Gordon L. Crystal reported exercising 10,587 restricted stock units into 10,587 Gogo Inc. common shares and a related tax-withholding disposition of 3,604 common shares. These actions are tied to equity compensation rather than open-market buying or selling activity.
How do GOGO restricted stock units convert into common stock?
Gogo Inc. restricted stock units convert into common stock on a one-for-one basis. In this filing, 10,587 restricted stock units converted into 10,587 common shares, reflecting a direct, equal exchange between units and shares as part of the executive’s equity compensation plan.
When were the reported GOGO restricted stock units originally granted?
The reported restricted stock units were granted on March 3, 2023, in an award of 42,347 units. These units vest in four equal annual installments on the first four anniversaries of March 3, 2023, contingent on the executive’s continued employment with Gogo Inc.