LEE Enterprises (LEE) CFO receives 55,419 performance rights and matching stock grant
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 equity-based compensation. He was granted 55,419 performance rights, each representing a contingent right to one share of common stock, expiring on 2029-09-30, and 55,419 shares of common stock. Following these awards, his directly held common stock position is 57,597 shares. The grants were previously approved by the executive compensation committee, conditioned on shareholder approval of an amendment to the 2020 Long-Term Incentive Plan and effectiveness of a related Form S-8, both of which have occurred.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 55,419 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, F1 | 55,419 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 55,419 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Rights — 55,419 shares (Direct);
Common Stock — 57,597 shares (Direct)
Footnotes (2)
- F1. The grant of restricted stock awards, stock options, and performance shares were approved by the executive compensation committee of LEE's board of directors on December 16, 2024, subject to shareholder approval of the First Amendment to the 2020 Long-Term Incentive Plan ("Amendment") under which the awards were granted and the subsequent filing of LEE's Registration Statement on Form S-8 registering the additional shares authorized under the Amendment. LEE's shareholders approved the Amendment on February 27, 2025, and the Form S-8 was filed with the Securities and Exchange Commission on March 11, 2025.
- 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: 55,419 performance rights
Common stock granted: 55,419 shares
Common shares after transaction: 57,597 shares
+3 more
6 metrics
Performance rights granted
55,419 performance rights
Grant of performance rights to V.P., CFO and Treasurer Joshua Paul Rinehults
Common stock granted
55,419 shares
Non-derivative common stock award to the same officer
Common shares after transaction
57,597 shares
Directly held LEE common stock by the officer following the grant
Performance rights expiration
2029-09-30
Expiration and vesting date for the granted performance rights
Shareholder approval date
February 27, 2025
Date LEE shareholders approved the Amendment to the 2020 Long-Term Incentive Plan
Form S-8 filing date
March 11, 2025
Date Form S-8 registering additional shares under the Amendment was filed
Key Terms
performance rights, restricted stock awards, Form S-8, contingent right, +1 more
5 terms
performance rights financial
"Each performance right represents a contingent right to receive one share of LEE common 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.
restricted stock awards financial
"The grant of restricted stock awards, stock options, and performance shares were approved by the executive compensation committee."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
Form S-8 regulatory
"The subsequent filing of LEE's Registration Statement on Form S-8 registering the additional shares authorized under the Amendment."
A Form S-8 is a U.S. Securities and Exchange Commission registration that lets a public company set aside shares for employee benefit plans and stock-based compensation. Think of it as opening a dedicated account that authorizes the company to issue or reserve stock for workers and directors; it matters to investors because it enables share dilution when those awards are granted or exercised and signals how management is compensated and incentivized.
contingent right financial
"Each performance right represents a contingent right to receive one share of LEE common stock."
Long-Term Incentive Plan financial
"First Amendment to the 2020 Long-Term Incentive Plan ("Amendment") under which the awards were granted."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did LEE (LEE) disclose about Joshua Rinehults in this Form 4?
LEE disclosed that V.P., CFO and Treasurer Joshua Paul Rinehults received equity awards, including performance rights and common stock, as part of the company’s long-term incentive compensation program.
How many performance rights did the LEE (LEE) CFO receive?
Joshua Paul Rinehults received 55,419 performance rights. Each performance right is a contingent right to receive one share of LEE common stock, subject to vesting on the expiration date and satisfaction of performance criteria.
What common stock grant was reported for the LEE (LEE) CFO?
The filing reports a grant of 55,419 shares of common stock to Joshua Paul Rinehults at a price of $0.00 per share, reflecting an equity award rather than an open-market purchase or sale transaction.
What are the vesting terms of the LEE (LEE) performance rights?
Each performance right vests on the expiration date of 2029-09-30, provided that specified performance criteria related to LEE’s common stock are satisfied, at which time each right entitles the holder to one share of common stock.
What are the LEE (LEE) CFO’s holdings after these transactions?
After the reported equity awards, Joshua Paul Rinehults directly holds 57,597 shares of LEE common stock. This figure reflects his position following the 55,419-share common stock grant disclosed in the Form 4.
Did LEE (LEE) complete the approvals needed for these awards?
LEE states that shareholders approved the Amendment on February 27, 2025, and a Form S-8 registering the additional shares was filed on March 11, 2025, satisfying the conditions to the reported equity awards.