Form 4: Gray Television Director Garcia Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Luis A. Garcia of Gray Television Inc. sold shares of common stock to cover tax obligations related to the vesting of restricted stock.
Summary
- On April 30, 2024, Luis A. Garcia, a director of Gray Television Inc., disposed of 7,575 shares of common stock at a price of $5.75.
- This transaction was conducted to cover tax obligations.
- Following the transaction, Garcia directly owns 41,465 shares of common stock and 6,917 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a transaction to cover tax obligations, which is a routine event.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade their company's stock. These filings provide transparency into insider transactions.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by a director to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of transaction: Sale of common stock. |
| 05/02/2024 | Date of signature on the Form 4 filing. |
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