Form 4: Gray Television EVP James Ryan Forfeits Restricted Stock Upon Retirement
SEC Form 4 Filing
James Ryan, EVP & Chief Financial Officer of Gray Television, forfeited 130,000 shares of restricted stock due to his retirement as an executive officer as of June 30, 2024.
Summary
- On June 30, 2024, James Ryan, the EVP & Chief Financial Officer of Gray Television Inc., forfeited 130,000 shares of common stock due to his retirement as an executive officer.
- The forfeiture was prorated to reflect his retirement date.
- Following the transaction, Ryan directly owns 680,799 shares of Gray Television common stock.
- Ryan also indirectly owns 17,515 shares through his 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's retirement and stock forfeiture. It doesn't inherently convey positive or negative sentiment.
Negatives
- James Ryan forfeited 130,000 shares of restricted stock.
Industry Context
Executive departures and associated stock forfeitures are a normal part of corporate governance. This filing reflects the standard procedure for reporting such changes in beneficial ownership.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| EVP & Chief Financial Officer | James Ryan | 06/30/2024 | Retirement |
Stakeholder Impact
- Shareholders may see a slight dilution of shares due to the initial grant of the restricted stock, but the forfeiture has no material impact.
- Employees may experience changes in leadership with the departure of the CFO.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of earliest transaction (stock forfeiture) and retirement of James Ryan as executive officer. |
| 07/02/2024 | Date of signature on the Form 4 filing. |
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