Form 4: Cable One Director Smith Acquires 619 Shares of Common Stock

Director Sherrese M. Smith acquired 619 shares of Cable One, Inc. common stock at a price of $395.36 per share on May 16, 2024.

Summary

• On May 16, 2024, Sherrese M. Smith, a director of Cable One, Inc., acquired 619 shares of common stock.
• The acquisition was made at a price of $395.36 per share.
• Following the transaction, Smith directly owns 1,387 shares of Cable One, Inc. common stock.
• The shares were acquired through the vesting of restricted stock units, which includes units granted in lieu of cash fees deferred by the director.
• These restricted stock units generally vest on the one-year anniversary of the grant date or the date of the 2025 annual shareholders' meeting, contingent upon continued service on the Board of Directors.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard transaction by a company director, indicating alignment with shareholder interests but not necessarily a strong positive or negative outlook.

Positives

• The director's acquisition of shares may signal 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 reflects routine transactions by company insiders and is a common occurrence in publicly traded companies. It provides transparency into the ownership structure and alignment of interests between management and shareholders.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to the director's increased stake in the company.

Key Dates