WOW.Wideopenwest, INC

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

Sentiment:

SEC Form 4 Filing

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WideOpenWest CEO Teresa L. Elder sold 20,000 shares of common stock at an average price of $5.2088 per share on June 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

  • On June 3, 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 $5.2088 per share, with individual prices ranging from $5.15 to $5.37.
  • The transaction was conducted under a Rule 10b5-1 trading plan adopted on December 13, 2023.
  • Following the transaction, Elder directly owns 1,615,787 shares of WOW common stock.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing, indicating an insider stock sale. The sale was conducted under a pre-arranged trading plan, which mitigates negative sentiment. The sentiment is neutral.

Industry Context

Insider sales are a common occurrence and are often viewed in the context of overall company performance and insider sentiment. A pre-planned sale under Rule 10b5-1 suggests the sale was scheduled in advance to avoid concerns about trading on inside information.

Stakeholder Impact

  • The sale of shares by the CEO could be perceived negatively by some shareholders, although the pre-planned nature of the sale mitigates this concern.

Key Dates

DateDescription
12/13/2023Date the Rule 10b5-1 trading plan was adopted by Teresa L. Elder.
06/03/2024Date of the transaction where Teresa L. Elder sold 20,000 shares of WOW common stock.
06/05/2024Date of the Form 4 filing.

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