Form 4: Charter Communications Director Steven A. Miron Reports Acquisition of Class A Common Stock

Director Steven A. Miron reports acquiring Class A Common Stock of Charter Communications through restricted stock grants.

Summary

• Steven A. Miron, a director of Charter Communications, reported changes in beneficial ownership of the company's Class A Common Stock.
• On April 23, 2024, Miron acquired 744 shares of Class A Common Stock through a restricted stock grant valued at $200,000, vesting at the 2025 annual meeting.
• Additionally, Miron acquired 446 shares of Class A Common Stock as part of a board retainer election, valued at $120,000, also vesting at the 2025 annual meeting.
• Following these transactions, Miron directly owns 11,334 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and insider confidence.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The restricted stock grants will vest at the company's annual meeting in 2025.

Industry Context

Directors receiving stock grants is a common practice in publicly traded companies to align their interests with those of shareholders.

Comparison to Industry Standards

• Stock grants to directors are a typical component of compensation packages in the media and telecommunications industry.
• Companies like Comcast and Verizon also provide equity-based compensation to their directors.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates