Form 4: Consolidated Communications CFO Fred Graffam Sells Shares to Cover Tax Obligations

Consolidated Communications' Chief Financial Officer, Fred Graffam, sold 12,765 shares of common stock to cover income tax withholding obligations.

Summary

• Fred Graffam, the Chief Financial Officer of Consolidated Communications Holdings, Inc., sold 12,765 shares of common stock on December 5, 2024.
• The shares were sold at a price of $4.69 per share.
• This transaction was to satisfy income tax withholding obligations related to restricted stock.
• Following the transaction, Mr. Graffam directly owns 304,271 shares of Consolidated Communications common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation, and is not unusual in the telecommunications industry.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, especially when dealing with restricted stock units.
• Companies like AT&T and Verizon also see similar filings from their executives related to stock sales for tax purposes.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Consolidated Communications, Fred Graffam, stock sale, Form 4, insider trading, tax obligations, executive compensation