Form 4: Gray Television Director Robin Robinson Howell Reports Share Transactions

Director Robin Robinson Howell of Gray Television Inc. reported the forfeiture of 28,577 Class A Common Stock shares for net settlement on December 1, 2024.

Summary

• Robin Robinson Howell, a director at Gray Television Inc., filed a Form 4 detailing changes in beneficial ownership.
• On December 1, 2024, Howell forfeited 28,577 shares of Class A Common Stock for net settlement at a price of $7.29 per share.
• Following the transaction, Howell directly owns 81,635 Class A Common Stock shares and indirectly owns 2,953,809 shares through a spouse.
• Howell also indirectly owns 500 Class A Common Stock shares through children, 999,000 shares through a trust for children, 832,500 shares through another trust for children, 617,609 shares through a spouse, and 16,688 shares through a 401(k) plan.
• The report also updates holdings under the 401(k) plan to reflect the reporting person's spouse's current balance.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard transaction, and does not indicate any positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like Gray Television. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading activities.
• The reported transactions are typical for directors who may receive stock-based compensation or have personal investment portfolios.
• The net settlement of shares is a common method for covering tax obligations related to stock awards.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares relative to the total outstanding shares.
• The filing provides transparency to stakeholders regarding insider transactions.

Key Dates

Keywords

Form 4, Beneficial Ownership, Gray Television, GTN, Director, Share Transactions, Class A Common Stock, Net Settlement, Robin Robinson Howell