Form 4: Gray Television Executive D. Patrick LaPlatney Reports Stock Transaction

D. Patrick LaPlatney, President and Co-CEO of Gray Television, forfeited 21,101 shares of common stock for net settlement on December 1, 2024.

Summary

• D. Patrick LaPlatney, President and Co-CEO of Gray Television, reported a transaction involving the company's stock.
• On December 1, 2024, Mr. LaPlatney forfeited 21,101 shares of common stock for the purpose of net settlement.
• The price per share for the forfeited stock was $4.27.
• Following the transaction, Mr. LaPlatney directly owns 978,288 shares of Gray Television common stock.
• Mr. LaPlatney also indirectly owns 1,858 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of an executive stock transaction, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the holdings of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The transaction is a common type of stock forfeiture for net settlement, which is a standard method of handling stock-based compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine executive stock transaction.

Key Dates

Keywords

Gray Television, GTN, stock transaction, Form 4, insider trading, D. Patrick LaPlatney, net settlement, executive compensation