Form 4: Cable One Executive Kenneth E. Johnson Reports Stock Transactions
SEC Form 4
Kenneth E. Johnson, Chief Operating Officer of Cable One, Inc., reports acquisition and disposal of company stock related to vesting of restricted stock units and awards.
Summary
- On January 3, 2025, Kenneth E. Johnson, Chief Operating Officer of Cable One, Inc., engaged in transactions involving the company's common stock.
- Johnson disposed of 283 shares to cover tax withholding obligations at a price of $373.32 per share.
- He also acquired 2,571 shares of restricted stock units at the same price.
- Following these transactions, Johnson directly owns 6,594 shares of Cable One common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports required information about stock transactions related to executive compensation. There is no inherent positive or negative implication.
Positives
- The acquisition of restricted stock units indicates a continued alignment of the executive's interests with the company's long-term performance.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages including stock options and restricted stock units. These transactions are closely monitored by investors for insights into management's perspective on the company's value and future prospects.
Comparison to Industry Standards
- Executive compensation packages including stock options and restricted stock units are standard practice among publicly traded companies like Cable One.
- Companies such as Comcast, Charter Communications, and Altice USA also utilize similar compensation strategies to align executive interests with shareholder value.
- The vesting schedules and terms of these equity grants are generally comparable across the industry, with variations based on company-specific performance metrics and executive roles.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments for an executive.
- Shareholders may view the transactions as a routine part of executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| January 3, 2021 | Date of previously reported restricted stock awards granted to the Reporting Person, which generally vest in four equal installments on each of the first four anniversaries of the respective date of grant, subject to the Reporting Person's continued employment with Cable One, Inc. through each such date |
| January 3, 2022 | Date of previously reported restricted stock awards granted to the Reporting Person, which generally vest in four equal installments on each of the first four anniversaries of the respective date of grant, subject to the Reporting Person's continued employment with Cable One, Inc. through each such date and performance-based restricted stock awards from a previously reported grant, which were granted on January 3, 2022 and which vested on January 3, 2025. |
| January 3, 2023 | Date of previously reported restricted stock units granted to the Reporting Person, which generally vest in three equal installments on each of the first three anniversaries of the date of grant, subject to the Reporting Person's continued employment with Cable One, Inc. through each such date |
| January 3, 2024 | Date of previously reported restricted stock units granted to the Reporting Person, which generally vest in three equal installments on each of the first three anniversaries of the date of grant, subject to the Reporting Person's continued employment with Cable One, Inc. through each such date |
| March 1, 2024 | Date of previously reported restricted stock units granted to the Reporting Person, which generally vests in three equal installments on each of the first three anniversaries of January 1, 2024, subject to the Reporting Person's continued employment with Cable One, Inc. through each such date |
| January 3, 2025 | Date of stock transactions: disposal of shares for tax withholding and acquisition of restricted stock units. |
| January 7, 2025 | Date of signature for the Form 4 filing. |
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