Form 4: WOW CEO Teresa Elder Sells 605 Shares of Common Stock
SEC Form 4 Filing
Teresa Elder, CEO of WideOpenWest, Inc., sold 605 shares of common stock at $5 per share on February 19, 2025, according to a Form 4 filing.
Summary
- On February 19, 2025, Teresa L. Elder, the CEO of WideOpenWest, Inc. (WOW), sold 605 shares of common stock.
- The sale was executed at a price of $5 per share.
- Following the transaction, Elder directly owns 1,513,137 shares of WOW common stock.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 13, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative prospects for the company.
Industry Context
Insider sales are a common occurrence and are often viewed in the context of the executive's overall compensation and diversification strategies. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on immediate inside information.
Stakeholder Impact
- The sale of shares by the CEO could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the sale relative to the CEO's total holdings.
Key Dates
| Date | Description |
|---|---|
| December 13, 2023 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| February 19, 2025 | Date of the stock sale transaction |
| February 21, 2025 | Date of the Form 4 filing |
Keywords
Form 4, insider trading, Teresa Elder, WideOpenWest, WOW, stock sale, Rule 10b5-1
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