Form 4: Graham Holdings CEO Exercises Stock Options, Then Disposes of Shares to Cover Costs

Timothy J. O'Shaughnessy, President and CEO of Graham Holdings Co, exercised stock options and disposed of shares to cover the associated costs.

Summary

• On November 1, 2024, Timothy J. O'Shaughnessy, the President and CEO of Graham Holdings Co, exercised stock options to acquire 25,754 shares of Class B Common Stock at a price of $719.15 per share.
• Simultaneously, O'Shaughnessy disposed of 23,858 shares of Class B Common Stock at $843.67 per share to cover the cost of the option exercise.
• Following these transactions, O'Shaughnessy directly owns 23,720 shares of Class B Common Stock.
• He also indirectly owns 4,099 shares through a spouse, and 5,600 shares through a trust for his spouse and children.
• The exercised stock options were fully vested, and after this transaction, O'Shaughnessy has no vested and exercisable options remaining.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock option exercises and share disposals, which is neutral in sentiment.

Industry Context

Executive stock option exercises and subsequent share disposals are common practices for compensating executives and managing their personal finances. The details are reported to ensure transparency and compliance with securities regulations.

Key Dates