Form 4: Gray Media Director Sterling A. Spainhour Jr. Reports Stock Disposal
SEC Form 4 Filing
Director Sterling A. Spainhour Jr. reports disposing of 10,039 shares of Gray Media, Inc. to cover tax obligations.
Summary
- On April 30, 2025, Sterling A. Spainhour Jr., a director of Gray Media, Inc. (GTN), disposed of 10,039 shares of common stock.
- The transaction was executed at a price of $3.35 per share.
- Following the transaction, Spainhour directly owns 33,688 shares of Gray Media, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a stock disposal, likely for tax purposes, by a company director. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is a routine disclosure and doesn't necessarily indicate a change in the company's outlook.
Stakeholder Impact
- The disposal of shares by a director could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/30/2025 | Date of transaction: Disposal of 10,039 shares of Gray Media, Inc. common stock. |
| 05/02/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Director, Stock Disposal, Gray Media, GTN, Spainhour
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