Cable One (NYSE: CABO) director receives 4,791 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cable One, Inc. director Sherrese M. Smith received a grant of 4,791 restricted stock units tied to Common Stock at a reference value of $51.13 per unit. The award increases her directly held stake to 7,665 shares once fully vested and delivered.
The restricted stock units generally vest in full on the one-year anniversary of the grant date, or earlier if the 2027 annual shareholders' meeting occurs before that date, provided she continues serving on the Board through vesting. Each restricted stock unit converts into one share of Common Stock upon vesting or later, depending on any deferral election.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Sherrese M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 4,791 | $51.13 | $245K |
Holdings After Transaction:
Common Stock, par value $0.01 — 7,665 shares (Direct, null)
Footnotes (1)
- This award of restricted stock units generally vests in full on the one-year anniversary of the grant date, or if earlier, the date of the 2027 annual shareholders' meeting of Cable One, Inc., subject to the Reporting Person's continued service on the Board of Directors of Cable One, Inc. through such date. Shares of Common Stock will be delivered to the Reporting Person upon vesting of the restricted stock units or, if applicable, as per the terms of the Reporting Person's deferral election. Restricted stock units convert into Common Stock on a one-for-one basis.
Key Figures
RSUs granted: 4,791 units
Grant value per unit: $51.13 per share
Shares after grant: 7,665 shares
+2 more
5 metrics
RSUs granted
4,791 units
Restricted stock units awarded on transaction date
Grant value per unit
$51.13 per share
Reference value for RSU grant
Shares after grant
7,665 shares
Total Common Stock directly held following transaction
Vesting schedule
One-year from grant or 2027 annual meeting
Earlier of one-year anniversary or 2027 shareholders’ meeting, subject to service
Conversion ratio
1 RSU : 1 share
Restricted stock units convert into Common Stock on a one-for-one basis
Key Terms
restricted stock units, vests in full, deferral election, one-for-one basis
4 terms
restricted stock units financial
"This award of restricted stock units generally vests in full on the one-year anniversary of the grant date"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vests in full financial
"generally vests in full on the one-year anniversary of the grant date, or if earlier, the date of the 2027 annual shareholders' meeting"
deferral election financial
"Shares of Common Stock will be delivered to the Reporting Person upon vesting of the restricted stock units or, if applicable, as per the terms of the Reporting Person's deferral election"
one-for-one basis financial
"Restricted stock units convert into Common Stock on a one-for-one basis"
FAQ
What did Cable One (CABO) director Sherrese M. Smith report in this Form 4?
Sherrese M. Smith reported receiving 4,791 restricted stock units linked to Cable One Common Stock. The grant is a compensation award, not an open-market purchase, and increases her directly held position to 7,665 shares once the units vest and are settled in stock.
At what value were Sherrese Smith’s Cable One (CABO) restricted stock units granted?
The 4,791 restricted stock units were granted at a reference value of $51.13 per unit. This figure typically reflects the grant-date fair value for accounting and disclosure purposes, rather than a cash purchase price paid in an open-market transaction.
When do Sherrese Smith’s Cable One (CABO) restricted stock units vest?
The restricted stock units generally vest in full on the one-year anniversary of the grant date. Vesting can occur earlier if the 2027 annual shareholders’ meeting happens first, and it requires her continued service on Cable One’s Board through the applicable vesting date.
Is Sherrese Smith’s Form 4 transaction in Cable One (CABO) an open-market buy or a compensation award?
The filing describes a compensation-related grant, coded as a grant, award, or other acquisition. It reflects 4,791 restricted stock units awarded to Sherrese Smith as a director, not an open-market stock purchase or sale on a securities exchange.