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

WideOpenWest CEO Teresa Elder sold 20,000 shares of common stock at an average price of $5.2921 per share on August 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On August 1, 2024, Teresa L. Elder, CEO of WideOpenWest, Inc. (WOW), sold 20,000 shares of WOW common stock.
• The sale was executed at a weighted average price of $5.2921 per share.
• The transactions occurred within a price range of $5.235 to $5.46 per share.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on December 13, 2023.
• Following the transaction, Elder directly owns 1,575,787 shares of WOW common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect a change in the executive's view of the company's prospects.

Industry Context

Insider sales are a common occurrence and are often viewed in the context of overall company performance and insider sentiment. A sale under a 10b5-1 plan is generally less indicative of current sentiment than discretionary sales.

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