Form 4: Gray Television Co-CEO D. Patrick LaPlatney Reports Stock Transactions

D. Patrick LaPlatney, Co-CEO of Gray Television, reports acquisition and disposal of company stock related to vesting of restricted stock and tax withholding.

Summary

• On February 29, 2024, D. Patrick LaPlatney, the President and Co-CEO of Gray Television Inc., acquired 17,962 shares of common stock at a price of $5.84 per share due to the vesting of restricted stock.
• On the same day, LaPlatney disposed of 53,482 shares of common stock at $5.84 per share for tax withholding purposes.
• Following these transactions, LaPlatney directly owns 999,389 shares of Gray Television common stock and indirectly owns 604 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and related to executive compensation. There is no indication of significant positive or negative sentiment.

Positives

• The vesting of restricted stock indicates that performance targets were met, which can be seen as a positive signal.

Negatives

• The disposal of shares for tax withholding, while routine, reduces the executive's holdings.

Risks

• There are no specific risks mentioned in this document.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in insider ownership.

Key Dates