Form 4: Gray Media Executive Vice President, CFO Jeffrey Gignac Disposes of Shares to Cover Tax Obligations

Jeffrey Gignac, Executive Vice President and CFO of Gray Media, disposed of 50,848 shares of common stock on April 1, 2025, to satisfy tax obligations.

Summary

• On April 1, 2025, Jeffrey R. Gignac, the Executive Vice President and CFO of Gray Media, Inc. disposed of 50,848 shares of common stock.
• The transaction was executed at a price of $4.32 per share.
• This disposal was to cover tax obligations.
• Following the transaction, Gignac directly owns 632,099 shares of Gray Media, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a transaction by a key executive, which is typical for covering tax obligations related to stock-based compensation.

Stakeholder Impact

• The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant as it is a common practice for covering tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Gray Media, GTN, Jeffrey Gignac, Executive Vice President, CFO, Stock Disposal, Tax Obligations