Form 4: Gray Television CEO Howell Hilton Jr. Reports Acquisition of Shares
SEC Form 4 Filing
Gray Television's CEO, Howell Hilton Jr., reports acquiring additional shares of Class A Common Stock through a restricted stock grant.
Summary
- On May 8, 2024, Howell Hilton H Jr., Chairman, President, and CEO of Gray Television Inc., reported acquiring 23,379 shares of Class A Common Stock.
- The acquisition was a grant of restricted stock.
- These shares were acquired at a price of $0.00.
- The restricted stock vests in full on April 30, 2025.
- Following the transaction, Howell Hilton H Jr. directly owns 617,609 shares of Common Stock and 2,982,386 shares of Class A Common Stock.
- He also indirectly owns 81,635 shares of Class A Common Stock through his spouse, 500 shares of Class A Common Stock through his children, 999,000 shares of Class A Common Stock through a trust for his children, 832,500 shares of Common Stock through a trust for his children, and 104,965 shares of Common Stock through his spouse, and 16,200 shares of Common Stock through his 401(k) plan.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The CEO increasing their stake in the company is generally a good sign, but it's a standard compensation practice.
Positives
- The CEO's acquisition of shares could be seen as a positive signal, indicating confidence in the company's future performance.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting of the restricted stock in April 2025 suggests a commitment from the CEO to the company's long-term success.
Industry Context
Insider transactions are closely monitored in the media industry to gauge executive sentiment and potential strategic shifts. This filing provides transparency into the CEO's holdings in Gray Television.
Stakeholder Impact
- Shareholders may view the CEO's increased stake as a positive sign of confidence in the company's future.
- Employees may see this as a sign of stability and commitment from the leadership.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of transaction: Howell Hilton Jr. acquired shares of Class A Common Stock. |
| 04/30/2025 | Vesting date for the restricted stock grant. |
| 05/10/2024 | Date of signature for the Form 4 filing. |
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