Form 4: Gray Television CEO Howell Jr. Reports Changes in Beneficial Ownership

Hilton H. Howell Jr., Chairman, President, and CEO of Gray Television Inc., reports changes in his beneficial ownership of company stock due to forfeiture of restricted stock for net settlement.

Summary

• On January 31, 2025, Hilton H. Howell Jr., Chairman, President, and CEO of Gray Television Inc., reported a change in his beneficial ownership of Class A Common Stock.
• The transaction involved the forfeiture of 16,329 shares of Class A Common Stock for net settlement at a price of $7.425 per share.
• Following the transaction, Howell directly owns 2,937,480 shares of Class A Common Stock.
• Howell also has indirect ownership through his spouse (81,635 shares of Class A Common Stock and 104,965 shares of Common Stock), children (500 shares of Class A Common Stock), trusts for his children (999,000 shares of Class A Common Stock and 832,500 shares of Common Stock), and his 401(k) plan (17,112 shares of Common Stock).

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency into the trading activities of company executives.

Stakeholder Impact

• Shareholders are informed about changes in the ownership structure of the company.
• The filing provides transparency regarding the actions of company executives.

Key Dates

Keywords

beneficial ownership, Form 4, Gray Television, GTN, Hilton Howell, stock forfeiture, net settlement, insider trading