Form 4: Charter Communications Director Zinterhofer Receives Stock Grants

Director Eric Louis Zinterhofer of Charter Communications received grants of Class A Common Stock as part of his compensation.

Summary

• Eric Louis Zinterhofer, a director at Charter Communications, received two grants of Class A Common Stock on April 22, 2025.
• The first grant consisted of 1,141 shares valued at $375,000, vesting at the company's annual meeting in 2026.
• The second grant consisted of 365 shares valued at $120,000, representing stock in lieu of cash for board retainer, also vesting at the company's annual meeting in 2026.
• Following these transactions, Zinterhofer directly owns 51,582 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral-to-slightly positive event.

Positives

• The grants of restricted stock to a director align his interests with those of the shareholders.
• The option for directors to receive stock in lieu of cash demonstrates a commitment to conserving cash resources.

Future Outlook

The director's stock grants will vest at the company's annual meeting in 2026.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to align their interests with those of shareholders and incentivize long-term value creation. The size and structure of the grants are generally benchmarked against peer companies within the telecommunications industry.

Comparison to Industry Standards

• Director compensation packages, including stock grants, vary significantly across the telecommunications industry.
• Companies like Comcast and Verizon also utilize stock grants as part of their director compensation, but the specific amounts and vesting schedules depend on factors such as company size, performance, and individual director responsibilities.
• The value of these grants is often benchmarked against industry peers to ensure competitiveness and attract qualified board members.

Stakeholder Impact

• The stock grants align the director's interests with those of the shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates

Keywords

Charter Communications, Director, Stock Grant, Class A Common Stock, Beneficial Ownership, Zinterhofer, Compensation, Form 4