Form 4: Charter CCO Richard Ray Granted Stock Options, RSUs

Charter Communications' EVP, Chief Commercial Officer Richard Adam Ray received grants of 5,297 stock options and 669 restricted stock units, vesting in 2029.

Summary

• Richard Adam Ray, EVP, Chief Commercial Officer of Charter Communications, Inc. (CHTR), was granted derivative securities.
• The grants include 5,297 stock options with an exercise price of $186.83 per share.
• Additionally, 669 Restricted Stock Units (RSUs) were granted.
• Both the stock options and RSUs were granted on January 20, 2026, under the Charter Communications, Inc. 2019 Stock Incentive Plan.
• 100% of both grants will vest on the third anniversary of the grant date, which is January 20, 2029.
• The stock options will terminate 10 years from the grant date, specifically on January 20, 2036, unless terminated sooner per the plan or grant agreement.
• The filing indicates a transaction made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: This filing is a routine disclosure of executive compensation. It reflects a positive event for the executive receiving the grants and generally indicates a standard practice for aligning management incentives with company performance. It is neutral regarding the company's immediate operational or financial performance.

Positives

• The grants align the executive's interests with those of shareholders through equity ownership.
• The compensation structure incentivizes long-term performance and retention of a key executive.

Future Outlook

The grants are structured to vest on January 20, 2029, indicating a future milestone for the executive's compensation realization. The stock options have an expiration date of January 20, 2036.

Management Comments

• Stock options granted on January 20, 2026, under the Charter Communications, Inc. 2019 Stock Incentive Plan.
• Restricted Stock Units granted on January 20, 2026, under the Charter Communications, Inc. 2019 Stock Incentive Plan.

Industry Context

Executive equity grants, such as stock options and restricted stock units, are a standard component of compensation packages in the telecommunications and media industry, aiming to align executive incentives with long-term shareholder value creation.

Corporate Governance

Stakeholder Impact

• Shareholders: Potential for minor dilution upon exercise/vesting, but also benefit from increased alignment of executive incentives with long-term company performance.
• Executive (Richard Adam Ray): Receives significant equity-based compensation, enhancing personal wealth and incentivizing continued dedication to company growth.

Next Steps

• Vesting of 5,297 stock options and 669 Restricted Stock Units on January 20, 2029.

Key Dates

Keywords

Charter Communications, CHTR, Richard Adam Ray, stock options, restricted stock units, executive compensation, Form 4, equity grants, 10b5-1 plan