Form 4: Gray Media Co-CEO Forfeits Shares for Tax Settlement

Gray Media's President and Co-CEO, D. Patrick LaPlatney, reported a forfeiture of 17,010 restricted shares for tax purposes.

Summary

• D. Patrick LaPlatney, a Director, President, and Co-CEO of Gray Media, Inc. (GTN), reported a transaction.
• On December 1, 2025, LaPlatney forfeited 17,010 shares of Common Stock.
• This forfeiture was for the purpose of net settlement of restricted stock, at a price of $4.73 per share.
• Following this transaction, LaPlatney directly beneficially owns 1,216,053 shares of Common Stock.
• Additionally, LaPlatney indirectly owns 2,001 shares of Common Stock through a 401(k) Plan.

Sentiment

Score: 5

Explanation: The filing reports a routine forfeiture of restricted stock for tax purposes, which is a neutral event in terms of company performance or strategic direction.

Positives

• The forfeiture of restricted stock for net settlement is a routine and legally compliant process for managing executive compensation and tax obligations.

Negatives

• The transaction resulted in a reduction of 17,010 shares from the reporting person's direct beneficial ownership.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports a routine insider transaction related to executive compensation and tax settlement, which is common across industries and does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, tax-related transaction by an insider and does not indicate a change in company fundamentals or strategy.

Key Dates

Keywords

Gray Media, GTN, Insider Transaction, Form 4, Stock Forfeiture, Restricted Stock, Executive Compensation, Beneficial Ownership, D. Patrick LaPlatney