Form 4: Gray Television Executive Vice President Acquires Shares and Reports Changes in Beneficial Ownership

Sandra Breland McNamara, Executive Vice President and COO of Gray Television Inc., reports acquisition of shares and changes in beneficial ownership, including a grant of restricted stock.

Summary

• Sandra Breland McNamara, an Executive Vice President and COO at Gray Television Inc. (GTN), filed a Form 4 with the SEC.
• The filing reports a transaction on February 19, 2025, where McNamara acquired 223,354 shares of Common Stock at a price of $4.1.
• This acquisition was a grant of restricted stock which vests in equal annual installments on February 28, 2026, February 28, 2027, and February 29, 2028.
• Following the reported transaction, McNamara beneficially owns 575,378 shares of Common Stock directly.
• McNamara also indirectly owns 1,905 shares of Common Stock through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing reflecting a stock transaction. The acquisition of shares by an executive is generally viewed as a positive sign, but it's not overwhelmingly so.

Positives

• The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in the holdings of a key executive at Gray Television.

Stakeholder Impact

• The acquisition of shares by a key executive could positively influence shareholder sentiment.

Key Dates

Keywords

Form 4, Beneficial Ownership, Gray Television, GTN, Sandra Breland McNamara, Executive Vice President, COO, Restricted Stock, SEC Filing