Form 4: Gray Television Executive D. Patrick LaPlatney Reports Stock Forfeiture and 401(k) Holdings Update
SEC Form 4 Filing
D. Patrick LaPlatney, President and Co-CEO of Gray Television Inc., reported a forfeiture of restricted stock for net settlement and an update to his 401(k) plan holdings.
Summary
- On January 31, 2025, D. Patrick LaPlatney, President and Co-CEO of Gray Television Inc., reported a transaction involving common stock.
- The transaction involved the forfeiture of 7,897 shares of common stock for net settlement at a price of $3.74.
- Following the transaction, LaPlatney directly owns 970,391 shares of common stock.
- LaPlatney also indirectly owns 1,905 shares through a 401(k) plan, which has been updated to reflect his current balance.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, typical for publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The forfeiture of shares for net settlement may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of stock forfeiture transaction. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Gray Television, GTN, LaPlatney, Stock Forfeiture, 401(k)
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