Form 4: WideOpenWest Director Phil Seskin Acquires Shares in Lieu of Fees
SEC Form 4 Filing
Director Phil Seskin acquired 2,528 shares of WideOpenWest, Inc. common stock on October 1, 2024, in lieu of retainer and meeting fees.
Summary
- On October 1, 2024, Phil Seskin, a director of WideOpenWest, Inc. (WOW), acquired 2,528 shares of common stock.
- The shares were acquired in lieu of retainer and meeting fees.
- The price per share was $5.19.
- Following the transaction, Seskin directly owns 144,495 shares of WOW common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine transaction. The director taking shares instead of cash could be seen as a slightly positive signal.
Positives
- Director's decision to take shares instead of cash may signal confidence in the company's future.
Industry Context
Directors receiving shares in lieu of fees is a common practice, especially in smaller companies or those looking to conserve cash. It aligns the director's interests with those of the shareholders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Phil Seskin acquired shares of WideOpenWest common stock. |
| 10/03/2024 | Date of signature on the Form 4 filing. |
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