Lee Enterprises (LEE) CFO Millage gave up 3,986 shares at an average $9.27 to cover taxes or an exercise price
Stocks in this Quantisnow insightConsumer Discretionary
Insider transactions reported
Timothy R. Millage (V.P., CFO and Treasurer at Lee Enterprises Incorporated, LEE) reported that they gave up 3,986 shares at an average $9.27 to cover taxes or an exercise price between Dec 9, 2022 and Dec 16, 2025. After these transactions the filing shows 34,241 shares held directly.
- Reporting person
- Millage Timothy R.
- Role
- V.P., CFO and Treasurer
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Dec 9, 2022 | Shares withheld for taxes or exercise price (F) | Common Stock1 | -1,639 | $16.74 | $27.4K | 36,588 direct |
| Dec 9, 2025 | Shares withheld for taxes or exercise price (F) | Common Stock1 | -2,048 | $4.15 | $8,499 | 34,540 direct |
| Dec 16, 2025 | Shares withheld for taxes or exercise price (F) | Common Stock1 | -299 | $3.45 | $1,032 | 34,241 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Mar 11, 2025 | Grant or award (A) | Employee Stock Option (Right to Buy)On 11,567 Common Stock2, 3, 4 | +11,567 | - | - | 6,364 direct |
Holdings before and after
- Common Stock: 38,227 to 34,241 direct
- Employee Stock Option (Right to Buy): 0 to 6,364 direct
Footnotes from the filing
- 1. Exercise of tax withholding right in connection with vesting of previously granted (and reported) restricted stock resulting in a deemed disposition of the withheld shares back to LEE.
- 2. 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.
- 3. The option vests in three equal annual installments beginning on December 16, 2025.
- 4. 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.
Transaction codes in this filing
- Shares withheld for taxes or exercise price:
- Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.
FAQ
What did Millage report in this LEE Form 4?
Timothy R. Millage (V.P., CFO and Treasurer at Lee Enterprises Incorporated, LEE) reported that they gave up 3,986 shares at an average $9.27 to cover taxes or an exercise price between Dec 9, 2022 and Dec 16, 2025. After these transactions the filing shows 34,241 shares held directly.
How many LEE shares does Millage hold after this filing?
The filing shows 34,241 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code F mean on an SEC Form 4?
Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.
Historical context for LEE
Across the 5 sessions after earlier LEE headlines, the stock closed higher 2 times and lower 3 times, with a median move of 7.2% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | LEE | SPY |
|---|---|---|---|
| Dec 3, 2025 | Lee Enterprises Announces New Date for Special Meeting of Stockholders | -4.4% | +0.3% |
| Nov 26, 2025 | Lee Enterprises Reports Fourth Quarter and Full Year FY25 results | -9.2% | +0.7% |
| Nov 24, 2025 | Lee Enterprises, Inc. Announces Resignation of Chief Financial Officer Tim Millage | -6.8% | +1.5% |
| Nov 17, 2025 | Lee Enterprises plans quarterly call and webcast November 26, 2025 | +7.2% | -0.9% |
| Nov 11, 2025 | Lee Enterprises Announces Intent to Pursue Rights Offering to Potentially Reduce Term Loan Debt Interest Rate to 5% for Five Years | +28.6% | +0.2% |
Earlier insider filings at LEE
- Dec 18, 2025V.P. - Human Resources Garcia Astrid J covered exercise/tax liability with 2,041 shares, decreasing direct ownership by 9% to 20,534 units (SEC Form 4)
- Dec 18, 2025Chief Operating Officer Bekke Nathan E. covered exercise/tax liability with 3,284 shares, decreasing direct ownership by 8% to 35,937 units (SEC Form 4)
- Dec 18, 2025V.P. - Sales and Marketing Battistoni Joseph J covered exercise/tax liability with 1,569 shares, decreasing direct ownership by 8% to 17,358 units (SEC Form 4)
- Jun 4, 2025Director Moloney Herbert W Iii was granted 8,740 shares, increasing direct ownership by 29% to 38,901 units (SEC Form 4)
- Jun 4, 2025Director Miller Jon was granted 8,740 shares, increasing direct ownership by 247% to 12,283 units (SEC Form 4)
Keep researching LEE
- LEE insider tradesEvery buy and sale reported by Lee Enterprises Incorporated officers, directors and large holders.
- What is Form 4?The SEC filing that reports a change in an insider's holdings, such as a purchase, sale, option exercise or grant, generally within two business days.
- Form 4 explainedForm 4 is the SEC filing that discloses when officers, directors and 10% owners buy or sell company stock, due within 2 business days. Learn every key field and code.
- Insider trading trackerThe latest insider buys and sales across every stock.
- LEE earnings historyPast Lee Enterprises Incorporated earnings releases, newest first.
- LEE financial statementsRevenue, profit, cash flow and balance sheet from Lee Enterprises Incorporated's SEC filings.
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LEE
Lee Enterprises Incorporated
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