Form 4: Charter Communications Director Kim C. Goodman Receives Stock Grants
SEC Form 4 Filing
Director Kim C. Goodman received grants of Class A Common Stock from Charter Communications, Inc.
Summary
- Kim C. Goodman, a director of Charter Communications, Inc., reported changes in beneficial ownership.
- On April 22, 2025, Goodman acquired 684 shares of Class A Common Stock through a restricted stock grant valued at $225,000, vesting at the 2026 annual meeting.
- Additionally, Goodman acquired 365 shares of Class A Common Stock as a board retainer in stock, valued at $120,000, also vesting at the 2026 annual meeting.
- Following these transactions, Goodman directly owns 7,627 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The document reflects a standard director compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive.
Positives
- The director's increased stock ownership aligns her interests with those of the shareholders.
- The stock grants serve as an incentive for the director's continued service.
Industry Context
Director stock ownership is a common practice in publicly traded companies to align the interests of board members with those of shareholders. These grants are part of the overall compensation strategy for board members.
Comparison to Industry Standards
- Stock grants to directors are a common practice across the telecommunications and media industry.
- Companies like Comcast (CMCSA) and Verizon (VZ) also provide equity compensation to their board members.
- The size and vesting schedule of these grants are typically benchmarked against peer companies to ensure competitiveness.
Stakeholder Impact
- Shareholders may view the director's increased stock ownership positively, as it aligns her interests with theirs.
- The stock grants do not have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 04/22/2025 | Date of stock grant transactions |
| 04/24/2025 | Date of signature for the SEC filing |
| 2026 | Vesting date for the restricted stock grants at the Company's annual meeting of stockholders |
Keywords
Charter Communications, Director, Stock Grant, Beneficial Ownership, CHTR, Kim C. Goodman, Restricted Stock, Board Retainer
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