Form 4: Charter Communications Executive DiGeronimo Exercises Options and Sells Shares Under 10b5-1 Plan

Richard J. DiGeronimo, President of Product & Technology at Charter Communications, executed stock options and sold shares under a pre-arranged 10b5-1 trading plan.

Summary

• Richard J. DiGeronimo, a top executive at Charter Communications, engaged in transactions involving the company's Class A Common Stock on May 16, 2025.
• He exercised stock options to acquire 9,050 shares at a price of $292.31 per share, as part of a 10b5-1 trading plan.
• Simultaneously, he disposed of 7,499 shares to cover the exercise price and associated taxes at $424.49.
• DiGeronimo also sold 1,551 shares at $423.805 per share, also under the 10b5-1 plan.
• Following these transactions, DiGeronimo directly owns 6,804 shares of Class A Common Stock and 18,101 stock options.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document simply reports transactions by an executive under a pre-existing plan. There is no indication of positive or negative sentiment towards the company's prospects.

Positives

• The transactions were executed under a pre-arranged 10b5-1 trading plan, indicating they were planned in advance and not based on insider information.

Future Outlook

There is no specific future outlook provided in this document.

Industry Context

Executive stock transactions are common in publicly traded companies and are often part of their compensation packages. The use of 10b5-1 plans is a standard practice to allow insiders to trade company stock without being accused of using non-public information.

Comparison to Industry Standards

• Executive compensation packages in the telecommunications industry often include stock options and restricted stock units to align management's interests with those of shareholders.
• Companies like Comcast and Verizon also utilize stock-based compensation as part of their executive pay structures.
• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies to manage their stock holdings in a compliant manner.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan suggests no material impact is expected.

Key Dates

Keywords

Charter Communications, Richard J. DiGeronimo, stock options, Class A Common Stock, 10b5-1 plan, insider trading, executive compensation