Form 4: Anterix CFO Timothy Gray Sells Shares to Cover Tax Obligations

Anterix's Chief Financial Officer, Timothy Gray, disposed of shares to cover withholding obligations related to the vesting of restricted stock units.

Summary

• Timothy Gray, the Chief Financial Officer of Anterix Inc., disposed of shares of common stock on May 15 and 16, 2025, to cover withholding obligations.
• On May 15, 2025, 2,316 shares were disposed of at a price of $28.06.
• On May 16, 2025, 1,112 shares were disposed of at a price of $28.42.
• Following these transactions, Gray directly owns 81,070 shares of Anterix common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations, not indicative of a change in the executive's confidence in the company.

Industry Context

This is a routine transaction where company executives sell shares to cover tax obligations arising from the vesting of stock awards. It's a common practice and doesn't necessarily indicate a negative outlook on the company.

Comparison to Industry Standards

• Executive share disposals to cover tax obligations are a common practice across publicly traded companies.
• Companies like Verizon, AT&T, and T-Mobile also see similar transactions from their executives related to stock-based compensation.
• The amounts disposed of are relatively small compared to the total holdings, which is typical in these situations.

Stakeholder Impact

• The share disposal is unlikely to have a significant impact on shareholders as it is a routine transaction.

Key Dates

Keywords

Anterix, Timothy Gray, ATEX, Form 4, Share Disposal, CFO, Insider Trading, Restricted Stock Units, Tax Obligations