Form 4: Charter Executive Exercises Options, Vests RSUs

Charter Communications EVP/CAO/Controller Kevin D. Howard reported exercising stock options, vesting restricted stock units, and receiving new option grants.

Summary

• Kevin D. Howard, EVP/CAO/Controller of Charter Communications, reported multiple transactions involving company stock.
• Exercised 6,131 stock options at $183.87 per share on January 15, 2026, which were granted under the 2009 Stock Incentive Plan and were nearing expiration.
• Disposed of 5,909 shares at $194.61 on January 15, 2026, to cover the exercise price and taxes related to the option exercise.
• 387 Restricted Stock Units (RSUs) vested on January 16, 2026, from a grant made on January 17, 2023, under the 2019 Stock Incentive Plan.
• Disposed of 104 shares at $191.765 on January 16, 2026, to cover taxes related to the RSU vesting.
• Received a new grant of 1,334 stock options on January 15, 2026, under the 2019 Stock Incentive Plan, which will vest on January 15, 2029.
• Following these transactions, direct beneficial ownership is 737 Class A Common Stock shares, and indirect ownership is 4,745 shares through the Kevin D. Howard Irrevocable Trust.
• Beneficial ownership of derivative securities includes 1,334 stock options.

Sentiment

Score: 6

Explanation: The filing reflects routine executive compensation activities, including the exercise of expiring options, vesting of RSUs, and a new option grant. While there's a reduction in direct share ownership due to tax withholding, the new option grant is a positive for future alignment. Overall, it's a neutral to slightly positive event for the company's governance and executive incentives.

Positives

• Executive exercised expiring stock options, realizing value from previous compensation.
• Restricted Stock Units vested, adding to the executive's direct share ownership (before tax withholding).
• Executive received a new grant of 1,334 stock options, aligning future incentives with company performance.

Negatives

• A significant number of shares (5,909 and 104) were disposed of to cover exercise costs and taxes, reducing direct beneficial ownership.

Future Outlook

The newly granted 1,334 stock options will vest on January 15, 2029, and will expire on January 15, 2036, aligning the executive's future incentives with long-term company performance.

Industry Context

This Form 4 filing details routine executive compensation transactions, including option exercises and RSU vesting, which are standard practices across publicly traded companies to incentivize and retain key management personnel. It does not provide broader industry insights.

Related Party Transactions

• Kevin D. Howard Irrevocable Trust holds 4,745 shares of Class A Common Stock indirectly for the reporting person.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine executive compensation transactions. The executive's continued ownership and new option grant align interests with shareholders.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• The newly granted 1,334 stock options will vest on January 15, 2029.
• The newly granted stock options will expire on January 15, 2036.

Key Dates

Keywords

Charter Communications, CHTR, Insider Trading, Stock Options, Restricted Stock Units, Executive Compensation, Form 4, Beneficial Ownership