Form 4: Gray Media Director Luis A. Garcia Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Luis A. Garcia disposed of shares of Gray Media, Inc. to satisfy tax withholding obligations related to equity awards.
Summary
- On April 30, 2025, Luis A. Garcia, a director of Gray Media, Inc. (GTN), disposed of 8,309 shares of common stock at a price of $3.35 per share to cover tax obligations.
- Following the transaction, Garcia directly owns 56,895 shares of common stock.
- Garcia also disposed of 6,917 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/30/2025 | Date of transaction: Disposal of common stock and Class A Common Stock. |
| 05/02/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Gray Media, GTN, Luis A. Garcia, Director, Share Disposal, Tax Obligations, Common Stock, Class A Common Stock
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