Form 4: Charter Communications Director Kim C. Goodman Receives Stock Grants

Director Kim C. Goodman received stock grants from Charter Communications, including restricted stock in lieu of cash for board retainer.

Summary

• Kim C. Goodman, a director at Charter Communications, received two grants of Class A Common Stock on April 23, 2024.
• The first grant was for 744 shares of restricted stock valued at $200,000, vesting at the company's 2025 annual meeting.
• The second grant was for 446 shares of restricted stock valued at $120,000, also vesting at the 2025 annual meeting, and was in lieu of cash for board retainer.
• Following these transactions, Goodman directly owns 6,578 shares of Charter Communications Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard corporate governance practice of granting stock to directors, which is generally viewed positively as it aligns their interests with shareholders. There are no indications of negative news or concerns.

Positives

• The acceptance of stock in lieu of cash for board retainer demonstrates a commitment to the company's long-term success.
• The increased stock ownership aligns the director's interests with those of the shareholders.

Industry Context

Directors receiving stock grants is a common practice to align their interests with shareholders and incentivize long-term value creation. The acceptance of stock in lieu of cash compensation is also a positive signal.

Comparison to Industry Standards

• Stock grants to directors are a standard practice across publicly traded companies.
• The size and vesting schedule of these grants are generally benchmarked against peer companies to ensure competitiveness and alignment with performance.
• Companies like Comcast (CMCSA) and Verizon (VZ) also utilize stock grants as part of their director compensation packages.

Stakeholder Impact

• Shareholders may view the stock grants positively as they align the director's interests with the company's long-term success.
• The director benefits from increased equity ownership in the company.

Key Dates