Form 4: Gray Television Director McTear Receives Stock Grant

Director Paul McTear of Gray Television Inc. received a grant of 23,739 shares of restricted stock on May 8, 2024, which will vest on April 30, 2025.

Summary

• Paul McTear, a director of Gray Television Inc., reported a transaction on May 8, 2024.
• He acquired 23,739 shares of common stock through a grant.
• The price per share was $0.00, indicating it was a grant.
• Following the transaction, McTear directly owns 113,140 shares of Gray Television Inc.
• The grant of restricted stock vests in full on April 30, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard stock grant to a director, which is a routine corporate event. It doesn't inherently indicate positive or negative performance.

Positives

• The director's increased stake in the company could signal confidence in Gray Television's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Stock grants to directors are a common practice in publicly traded companies as a form of compensation and incentive alignment with shareholder interests.

Comparison to Industry Standards

• Comparing the size of this stock grant to those of directors at comparable media companies like Nexstar Media Group (NXST) or Sinclair Broadcast Group (SBGI) would provide context on whether this grant is typical.
• Industry benchmarks for director compensation often consider company size, performance, and individual contributions.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates