Form 4: WOW CEO Teresa Elder Sells 20,000 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
WideOpenWest CEO Teresa L. Elder sold 20,000 shares of common stock at an average price of $5.1167 on November 1, 2024, according to a Form 4 filing.
Summary
- On November 1, 2024, Teresa L. Elder, CEO of WideOpenWest, Inc. (WOW), sold 20,000 shares of common stock.
- 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 $5.1167, with individual prices ranging from $5.07 to $5.16 per share.
- Following the transaction, Elder directly owns 1,535,787 shares of WOW common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an insider. It's neutral in tone and doesn't inherently indicate positive or negative sentiment.
Industry Context
Insider sales are common and can be for various reasons, including diversification or personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current insider information.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| December 13, 2023 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| November 01, 2024 | Date of the transaction (stock sale) |
| November 05, 2024 | Date of signature on the Form 4 filing |
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