Form 4: Graham Holdings CEO Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Timothy J. O'Shaughnessy, President and CEO of Graham Holdings Co, exercised stock options and disposed of shares on October 15, 2024.
Summary
- On October 15, 2024, Timothy J. O'Shaughnessy, the President and CEO of Graham Holdings Co, exercised stock options to acquire 25,752 shares of Class B Common Stock at a price of $719.15 per share.
- Simultaneously, O'Shaughnessy disposed of 24,126 shares of Class B Common Stock at a price of $823.33 per share to cover the cost of the option exercise.
- Following these transactions, O'Shaughnessy directly owns 21,824 shares of Class B Common Stock.
- He also indirectly owns 4,099 shares through his spouse, 5,600 shares through a trust for his spouse and children, and has 25,754 vested stock options remaining.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. The exercise and subsequent sale of shares are often used to cover the cost of the option exercise and associated taxes.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date of stock option exercise and share disposal. |
| 11/03/2024 | Original expiration date of the stock options. |
| 10/17/2024 | Date of Form 4 filing. |
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