Form 4: Gray Media Director Richard Lee Boger Reports Stock Grant and Disposals

Director Richard Lee Boger reports acquisition of restricted stock and disposal of Class A Common Stock.

Summary

• Richard Lee Boger, a director of Gray Media, Inc., reported changes in beneficial ownership of the company's stock on May 7, 2025.
• Boger acquired 43,011 shares of common stock through a grant of restricted stock that vests in full on April 30, 2026.
• He also disposed of 6,591 shares of Class A Common Stock.
• Following these transactions, Boger directly owns 81,343 shares of common stock.
• Boger also indirectly owns 2,092 shares of Class A Common Stock as custodian for grandchildren.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The acquisition of restricted stock is a positive sign, but the disposal of shares tempers the overall outlook.

Positives

• The acquisition of 43,011 shares of restricted stock indicates confidence in the company's future performance.

Negatives

• The disposal of 6,591 shares of Class A Common Stock could be interpreted negatively by investors.

Risks

• The vesting of the restricted stock on April 30, 2026, is contingent on continued service or other conditions, which could be a risk if those conditions are not met.

Future Outlook

The document does not contain specific forward-looking statements, but the stock grant suggests an expectation of continued contributions from the director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Monitoring these filings can offer insights into management's sentiment and expectations for the company's performance.

Comparison to Industry Standards

• Form 4 filings are standard practice across all publicly listed companies in the US and are required by the SEC.
• The information provided in this filing is similar to those of other directors and officers in comparable companies such as Nexstar Media Group (NXST) and Tegna (TGNA).

Stakeholder Impact

• Shareholders may view the stock grant as a positive sign of management's commitment.
• The disposal of shares could create uncertainty among investors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Gray Media, GTN, Richard Lee Boger, Director, Restricted Stock, Class A Common Stock, Stock Grant, Stock Disposal