Form 4: Gray Television Executive Reports Stock Transactions

Jackson S. Cowart IV, Chief Accounting Officer of Gray Television, reports acquisition and disposal of company stock, including restricted stock units and holdings within 401(k) plans.

Summary

• On March 1, 2024, Jackson S. Cowart IV, Chief Accounting Officer of Gray Television Inc., reported transactions involving Gray Common Stock (GTN) and Gray Class A Common Stock (GTN.A).
• Cowart disposed of 6,264 shares of Gray Common Stock at $5.72 per share.
• Cowart acquired 21,026 shares of Gray Common Stock as part of a restricted stock unit grant.
• Cowart disposed of 4,962 shares of Gray Common Stock at $5.72 per share.
• Cowart acquired 17,498 shares of Gray Common Stock.
• Cowart's direct holdings after these transactions include 5,591 shares of Gray Common Stock and 26,617 shares of Gray Common Stock from restricted stock units.
• Cowart also indirectly owns 15,226 shares of Gray Common Stock and 20 units of Gray Class A Common Stock through a 401(k) plan.
• Additionally, Cowart's spouse holds 18,528 shares of Gray Common Stock and 302 units of Gray Class A Common Stock, including holdings in a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock transactions.

Positives

• The grant of 21,026 restricted stock units to the Chief Accounting Officer indicates a long-term incentive and alignment with the company's success.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of restricted stock units on March 1, 2025, suggests a continued role for the executive at least until that date.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor management's alignment with shareholder interests.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The details provided are consistent with SEC requirements for disclosing changes in beneficial ownership.

Stakeholder Impact

• Shareholders can use this information to understand the actions of company insiders and their alignment with shareholder value.

Key Dates