Form 4: WideOpenWest CEO Teresa Elder Sells 20,000 Shares
SEC Form 4
WideOpenWest's CEO, Teresa Elder, sold 20,000 shares of common stock on September 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Teresa L. Elder, CEO of WideOpenWest, Inc. (WOW), reported the sale of 20,000 shares of common stock on September 3, 2024.
- The sale was executed at a weighted average price of $5.482 per share, with individual prices ranging from $5.40 to $5.59.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on December 13, 2023.
- Following the transaction, Elder directly owns 1,555,787 shares of WideOpenWest common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing an insider stock sale under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Insider sales are a common occurrence and are often viewed in the context of the executive's personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current, non-public information.
Stakeholder Impact
- The sale of shares by the CEO could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| December 13, 2023 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| September 3, 2024 | Date of the stock sale transaction |
| September 5, 2024 | Date of the Form 4 filing |
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