Form 4: WOW CEO Teresa Elder 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 $5.2331 on July 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On July 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 $5.2331 per share.
• The transactions occurred within a price range of $5.12 to $5.38 per share.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on December 13, 2023.
• Following the transaction, Elder directly owns 1,595,787 shares of WOW common stock.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing, indicating a routine stock sale under a pre-existing trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information. Investors often monitor insider transactions for signals about a company's prospects, but pre-planned sales are generally viewed as less informative.

Stakeholder Impact

• The sale of shares by the CEO could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates this concern.

Key Dates