Form 4: Gray Television Executive Acquires Shares in Recent Transaction

Jeffrey R. Gignac, Executive Vice President and CFO of Gray Television Inc., acquired 233,232 shares of common stock at $4.1 per share on February 19, 2025, increasing his total holdings to 702,982 shares.

Summary

• On February 19, 2025, Jeffrey R. Gignac, the Executive Vice President and CFO of Gray Television Inc., acquired 233,232 shares of the company's common stock.
• The acquisition price was $4.1 per share.
• Following the transaction, Gignac's total beneficial ownership of Gray Television Inc. common stock increased to 702,982 shares.
• The acquired shares are restricted stock that will vest in equal annual installments on February 28, 2026, February 28, 2027, and February 29, 2028.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of a stock transaction. The executive's purchase could be seen as a slightly positive signal, but it's not a major event.

Positives

• The acquisition of shares by a high-ranking executive could be interpreted as a positive signal about the executive's confidence in the company's future prospects.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the restricted stock suggests a multi-year commitment from the executive.

Industry Context

Executive stock acquisitions are common in the media industry and are often seen as a way to align management's interests with those of shareholders.

Stakeholder Impact

• Shareholders may view the executive's stock purchase as a positive sign of confidence in the company's future.

Key Dates

Keywords

Gray Television Inc., GTN, Jeffrey R. Gignac, Executive Vice President, CFO, Stock Acquisition, Beneficial Ownership, Restricted Stock, Form 4, SEC