Form 4: Cable One Director Robert Bartolo Acquires 392 Shares of Common Stock
SEC Form 4 Filing
Director Robert Bartolo acquired 392 shares of Cable One, Inc. common stock at a price of $395.36 per share on May 16, 2024.
Summary
- On May 16, 2024, Robert Bartolo, a director of Cable One, Inc., acquired 392 shares of common stock.
- The price per share was $395.36.
- Following the transaction, Bartolo directly owns 575 shares of Cable One, Inc.
- The shares were acquired through an award of restricted stock units which generally vests in full on the one-year anniversary of the grant date, or if earlier, the date of the 2025 annual shareholders' meeting of Cable One, Inc., subject to continued service on the Board of Directors.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction. The director's purchase could be seen as slightly positive, but it's a routine filing.
Positives
- The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.
Future Outlook
The restricted stock units generally vest in full on the one-year anniversary of the grant date, or if earlier, the date of the 2025 annual shareholders' meeting of Cable One, Inc., subject to the Reporting Person's continued service on the Board of Directors of Cable One, Inc. through such date.
Industry Context
This filing is a routine disclosure related to insider trading activities, which are common in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.
Comparison to Industry Standards
- Insider transactions are a normal part of corporate governance and are regularly monitored across the industry.
- Companies like Comcast, Charter Communications, and Altice USA also have similar insider transaction filings.
- The size and frequency of these transactions are generally in line with industry norms for director-level stock ownership.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it indicates confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Robert Bartolo acquired 392 shares of Cable One, Inc. common stock. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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