Lee Enterprises (NASDAQ: LEE) CFO equity grant corrected to 81,374 performance rights
Rhea-AI Filing Summary
Rinehults Joshua Paul reported acquisition or exercise transactions in this Form 4 filing.
LEE ENTERPRISES, Inc reported that V.P., CFO and Treasurer Joshua Paul Rinehults received awards tied to company stock. On August 6, 2026 he was granted 81,374 performance rights, each representing a contingent right to receive one share of common stock, vesting on September 30, 2029 upon satisfaction of performance criteria. A corresponding 81,374-share common stock award is now reported, bringing his directly held common shares to 83,552. The company notes an earlier administrative error had under-reported the August 6, 2026 award by 25,955 shares, which this amendment corrects.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 81,374 shares
Net Buy
2 txns
Insider
Rinehults Joshua Paul
Role
V.P., CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights F2 | 81,374 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 81,374 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Rights — 81,374 shares (Direct);
Common Stock — 83,552 shares (Direct)
Footnotes (2)
- F1. Due to an inadvertent administrative error, the Reporting Person's August 6, 2026 award was under-reported by 25,955 shares. This Amendment corrects the error.
- F2. 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.
Key Figures
Performance rights granted: 81,374
Underlying common shares for rights: 81,374
Common stock award shares: 81,374
+3 more
6 metrics
Performance rights granted
81,374
Performance rights awarded on August 6, 2026
Underlying common shares for rights
81,374
Each performance right equals one share of common stock
Common stock award shares
81,374
Common stock acquisition on August 6, 2026
Shares held after transaction
83,552
Directly owned LEE common stock after August 6, 2026 award
Performance rights vesting date
2029-09-30
Vesting and performance measurement date for performance rights
Previously under-reported shares
25,955
Administrative error in initial August 6, 2026 award reporting
Key Terms
Performance Rights, contingent right, vest, expiration date
4 terms
Performance Rights financial
"security_title: "Performance Rights" and each right equals one share of stock"
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.
contingent right financial
"Each performance right represents a contingent right to receive one share"
vest financial
"The performance rights vest on the expiration date and upon satisfaction"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
expiration date financial
"The performance rights vest on the expiration date and upon the satisfaction"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did LEE (LEE) disclose about Joshua Paul Rinehults’ new equity awards?
LEE reported that its V.P., CFO and Treasurer Joshua Paul Rinehults received 81,374 performance rights and a related 81,374-share common stock award on August 6, 2026, tied to the company’s common stock performance and vesting conditions.
What are the terms of the 81,374 performance rights reported by LEE (LEE)?
Each of the 81,374 performance rights represents a contingent right to receive one share of LEE common stock. The rights vest on September 30, 2029, subject to meeting specified performance criteria for LEE’s common stock.
Why did LEE (LEE) file this Form 4/A amendment for Joshua Paul Rinehults?
LEE stated that an inadvertent administrative error caused Rinehults’ August 6, 2026 award to be under-reported by 25,955 shares. The amended Form 4/A corrects that error in the reported common stock award.
Does the Form 4/A for LEE (LEE) involve any insider sales by Joshua Paul Rinehults?
No insider sales are reported. The Form 4/A shows two acquisitions: 81,374 performance rights and a corresponding 81,374-share common stock award, with no dispositions or sales listed in the transaction summary.