Form 4: Gray Media EVP Forfeits Restricted Stock

Gray Media, Inc.'s EVP Chief L & D Officer, Kevin Paul Latek, reported the forfeiture of 24,249 shares of common stock for net settlement purposes.

Summary

• Kevin Paul Latek, EVP Chief L & D Officer of Gray Media, Inc. (GTN), reported an insider transaction.
• The transaction, dated December 1, 2025, involved the forfeiture of 24,249 shares of Common Stock.
• This forfeiture was for the purpose of net settlement of restricted stock, valued at $4.73 per share.
• Following this transaction, Mr. Latek directly beneficially owns 613,757 shares of Common Stock and 53,517 shares of Class A Common Stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 5

Explanation: This is a neutral event. The forfeiture of restricted stock for net settlement is a standard practice for covering tax obligations upon vesting of equity awards and does not indicate a significant positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

Not applicable as this filing reports a past insider transaction and does not contain forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the forfeiture of restricted stock for tax purposes, which is a common practice in executive compensation across various industries, including media.

Stakeholder Impact

• Shareholders: The transaction represents a routine adjustment to an executive's equity holdings, with a minor reduction in outstanding shares due to the forfeiture, which is typically for tax withholding purposes. This is generally not considered a material event for overall shareholder value.

Key Dates

Keywords

Gray Media, GTN, Kevin Paul Latek, SEC Form 4, Insider Transaction, Restricted Stock, Stock Forfeiture, Net Settlement, Executive Compensation, 10b5-1 Plan