Form 4: WOW CEO Teresa Elder Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
WideOpenWest, Inc. CEO Teresa L. Elder sold 2,045 shares of common stock at $5 per share on January 2, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On January 2, 2025, Teresa L. Elder, CEO of WideOpenWest, Inc. (WOW), sold 2,045 shares of common stock.
- The sale was executed at a price of $5 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on December 13, 2023.
- Following the transaction, Elder directly owns 1,513,742 shares of WOW common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a negative outlook on the company.
Industry Context
Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The market typically views sales by insiders with caution, but pre-planned sales under 10b5-1 plans are generally less concerning.
Key Dates
| Date | Description |
|---|---|
| 12/13/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 01/02/2025 | Date of stock sale transaction |
| 01/06/2025 | Date of Form 4 filing |
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