Form 4: Gray Television Co-CEO D Patrick LaPlatney Acquires Shares and Receives Restricted Stock Grant

D Patrick LaPlatney, President and Co-CEO of Gray Television Inc., reports acquiring shares and receiving a restricted stock grant.

Summary

• On February 19, 2025, D Patrick LaPlatney acquired 357,805 shares of Gray Television Inc. common stock at a price of $4.1 per share.
• Following this transaction, LaPlatney directly owns 1,328,196 shares of common stock.
• LaPlatney also indirectly owns 1,905 shares through a 401(k) plan.
• The acquired shares represent a grant of restricted stock that vests in equal annual installments on February 28, 2026, February 28, 2027, and February 29, 2028.

Sentiment

Score: 6

Explanation: Neutral sentiment. The filing simply reports an insider transaction, which doesn't inherently indicate positive or negative sentiment. The stock grant could be seen as a positive incentive.

Positives

• The acquisition of shares by the Co-CEO could be interpreted as a sign of confidence in the company's future prospects.

Future Outlook

The restricted stock grant vests over three years, indicating a long-term incentive for the Co-CEO.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment if viewed as a sign of management's confidence.

Key Dates

Keywords

Gray Television, GTN, D Patrick LaPlatney, insider trading, Form 4, restricted stock, stock grant, beneficial ownership