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Lee Enterprises (LEE) CEO Nathan Bekke reports major stock and performance rights awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

LEE ENTERPRISES, Inc reported equity awards for President & CEO Nathan E. Bekke. On August 6, 2026, he received 158,228 performance rights, each tied to one share of common stock and vesting on September 30, 2029 subject to stock performance criteria, and a related 158,228-share common stock entry that corrects a prior award that had been under-reported by 50,469 shares. The filing also records March 11, 2025 grants of an employee stock option for 5,946 shares at a $16.36 exercise price, vesting in three equal annual installments beginning December 16, 2025, and 7,273 performance rights vesting on September 26, 2027 subject to performance conditions.

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Insider BEKKE NATHAN E.
Role President & CEO
Type Security Shares Price Value
Grant/Award Performance Rights F3 158,228 $0.00 $0.00
Grant/Award Common Stock F1 158,228 $0.00 $0.00
Grant/Award Employee Stock Option (Right to Buy) F2 5,946 $0.00 $0.00
Grant/Award Performance Rights F3 7,273 $0.00 $0.00
Holdings After Transaction: Employee Stock Option (Right to Buy) — 5,946 shares (Direct); Performance Rights — 165,501 shares (Direct); Common Stock — 194,165 shares (Direct)
Footnotes (3)
  1. F1. Due to an inadvertent administrative error, the Reporting Person's August 6, 2026 award was under-reported by 50,469 shares. This Amendment corrects the error.
  2. F2. The option vests in three equal annual installments beginning on December 16, 2025.
  3. F3. Each performance right represents a contingent right to receive one share of LEE common stock. The performance rights vest on the expiration date and upon the satisfaction of certain performance criteria of LEE's common stock.
Performance rights grant 2026-08-06 158,228 performance rights Each right represents a contingent right to receive one share of common stock; vests 2029-09-30
Common stock following 2026 award 194,165 shares Direct common stock holdings after August 6, 2026 acquisition entry
Under-reported prior award correction 50,469 shares Amount by which the August 6, 2026 award was previously under-reported
Employee stock option size 5,946 shares Option granted March 11, 2025 for common stock
Employee stock option exercise price $16.36 per share Exercise price for the 5,946-share option granted March 11, 2025
Performance rights grant 2025-03-11 7,273 performance rights Rights vest on 2027-09-26 subject to performance criteria
Performance rights financial
"Each performance right represents a contingent right to receive one share"
Performance rights are conditional awards that give employees or executives the promise of receiving company shares or cash only if the business meets specific targets or survives for a set period. They work like a bonus you only get when certain goals are hit, so they matter to investors because they can increase the number of shares outstanding (dilution), signal management’s incentives and confidence in future results, and affect per-share earnings and valuation.
Employee Stock Option (Right to Buy) financial
"Employee Stock Option (Right to Buy) with a $16.36 exercise price"
contingent right financial
"Each performance right represents a contingent right to receive one share"
exercise price financial
"The option vests in three equal annual installments beginning on December 16, 2025."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What equity awards did LEE (LEE) grant to CEO Nathan E. Bekke on August 6, 2026?
On August 6, 2026, Nathan E. Bekke received 158,228 performance rights, each representing one share of LEE common stock. A related 158,228-share common stock entry corrects an earlier award that had been under-reported by 50,469 shares.

What correction does this amended Form 4/A for LEE (LEE) disclose?
The amendment states that Bekke’s August 6, 2026 award was under-reported by 50,469 shares. The updated entry for 158,228 shares of common stock corrects that administrative error in the prior reporting of the award.

What stock options did LEE (LEE) grant to its CEO on March 11, 2025?
On March 11, 2025, Bekke was granted an employee stock option for 5,946 shares of LEE common stock with a $16.36 per-share exercise price. The option vests in three equal annual installments starting December 16, 2025.

How do the performance rights granted by LEE (LEE) to its CEO vest?
Each performance right represents a contingent right to one share of LEE common stock. The rights vest on their stated expiration dates, subject to satisfaction of specified performance criteria tied to LEE’s common stock.

What are Nathan E. Bekke’s direct LEE (LEE) common stock holdings after the 2026 award?
Following the August 6, 2026 acquisition entry, Bekke directly holds 194,165 shares of LEE common stock. This figure reflects his position after the corrected award reporting in the amended Form 4/A.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BEKKE NATHAN E.
(Last)(First)(Middle)
C/O LEE ENTERPRISES, INCORPORATED
4600 E. 53RD STREET
(Street)
DAVENPORT IOWA 52807
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LEE ENTERPRISES, Inc [ LEE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)
08/10/2026
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/06/2026A158,228(1)A$0194,165D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (Right to Buy)$16.3603/11/2025A5,946 (2)12/15/2034Common Stock5,946$05,946D
Performance Rights(3)03/11/2025A7,273 (3)09/26/2027Common Stock7,273$07,273D
Performance Rights(3)08/06/2026A158,228 (3)09/30/2029Common Stock158,228$0158,228D
Explanation of Responses:
1. Due to an inadvertent administrative error, the Reporting Person's August 6, 2026 award was under-reported by 50,469 shares. This Amendment corrects the error.
2. The option vests in three equal annual installments beginning on December 16, 2025.
3. Each performance right represents a contingent right to receive one share of LEE common stock. The performance rights vest on the expiration date and upon the satisfaction of certain performance criteria of LEE's common stock.
/s/Timothy B. Gulbranson, Limited POA, Attorney-in-Fact08/11/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR