Form 4: WideOpenWest CEO Sells 20,000 Shares Under 10b5-1 Trading Plan

WideOpenWest CEO Teresa L. Elder sold 20,000 shares of common stock at an average price of $5.1099 per share, according to a recent SEC filing.

Summary

• Teresa L. Elder, CEO of WideOpenWest, Inc., sold 20,000 shares of common stock on December 2, 2024.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 13, 2023.
• The shares were sold at a weighted average price of $5.1099 per share.
• The sale price ranged from $5.07 to $5.27 per share.
• Following the transaction, Ms. Elder directly owns 1,515,787 shares of WideOpenWest stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan. It is neither particularly positive nor negative.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, potentially impacting investor sentiment.

Industry Context

Executive stock sales are a common occurrence, and this transaction appears to be part of a pre-planned strategy under a 10b5-1 trading plan. It is not unusual for executives to sell shares for personal financial management.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a standard practice for corporate executives to avoid accusations of insider trading.
• The sale of 20,000 shares is not unusual for a CEO of a company of this size.
• The price range of $5.07 to $5.27 is within the normal trading range for the stock.

Stakeholder Impact

• The sale may have a minor impact on shareholder sentiment, but it is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates

Keywords

WideOpenWest, WOW, Teresa L. Elder, stock sale, Rule 10b5-1, insider trading, SEC Form 4, executive compensation