Form 4: Gray Media Director Paul McTear Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Paul McTear disposed of 7,122 shares of Gray Media, Inc. to cover tax obligations arising from equity awards.
Summary
- On April 30, 2025, Paul McTear, a director of Gray Media, Inc. (GTN), disposed of 7,122 shares of common stock.
- The transaction was executed to cover tax obligations.
- The price per share was $3.35.
- Following the transaction, McTear directly owns 88,238 shares of Gray Media, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine disposal of shares to cover tax obligations, which is a common practice.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The disposal of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.
Key Dates
| Date | Description |
|---|---|
| 04/30/2025 | Date of transaction: Paul McTear disposed of shares. |
| 05/02/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, GRAY MEDIA, INC, GTN, Paul McTear, Director, Share Disposal, Tax Obligations, Beneficial Ownership
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