Form 4: Gray Television Executive Howell Hilton Jr. Reports Stock Transaction

Gray Television's Chairman, President, and CEO, Howell Hilton Jr., reported a transaction involving the forfeiture of restricted stock for net settlement.

Summary

• Howell Hilton Jr., Chairman, President, and CEO of Gray Television Inc., filed a Form 4 detailing a transaction on December 1, 2024.
• The transaction involved the forfeiture of 28,577 Class A Common Stock shares for net settlement at a price of $7.29 per share.
• Following the transaction, Mr. Hilton directly owns 2,953,809 Class A Common Stock shares.
• He also has indirect ownership through his spouse, children, and trusts, totaling 2,569,757 Class A Common Stock shares.
• Additionally, Mr. Hilton has indirect ownership of 121,653 Common Stock shares through his spouse and a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral report of a stock transaction.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership of key executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The transaction is a common occurrence for executives who receive stock-based compensation.
• The reporting of both direct and indirect ownership is consistent with SEC regulations.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small portion of the CEO's holdings.
• The filing provides transparency to stakeholders regarding executive stock ownership.

Key Dates

Keywords

Form 4, Gray Television, GTN, Howell Hilton Jr., stock transaction, beneficial ownership, net settlement, restricted stock, insider trading