Restricted stock grant boosts Cable One (NYSE: CABO) director’s holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cable One, Inc. director Wallace R. Weitz reported an award of 4,986 restricted stock units of Common Stock at a reported value of $51.13 per share. These units generally vest in full on the one-year anniversary of the grant date or on the date of the 2027 annual shareholders' meeting, subject to his continued Board service. Upon vesting, the restricted stock units convert into Common Stock on a one-for-one basis, with shares delivered at vesting or according to his deferral election. Following this grant, he holds 22,126 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WEITZ WALLACE R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 4,986 | $51.13 | $255K |
Holdings After Transaction:
Common Stock, par value $0.01 — 22,126 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
Restricted stock units granted: 4,986 units
Reported grant value per share: $51.13 per share
Shares held after transaction: 22,126 shares
+2 more
5 metrics
Restricted stock units granted
4,986 units
Award to director Wallace R. Weitz
Reported grant value per share
$51.13 per share
Restricted stock unit award
Shares held after transaction
22,126 shares
Post-grant direct holdings
Vesting schedule
One year or 2027 meeting
Subject to continued Board service
Conversion ratio
1 unit : 1 share
Restricted stock units into Common Stock
Key Terms
restricted stock units, deferral election, vests in full, 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.
deferral election financial
"Shares of Common Stock will be delivered ... as per the terms of the Reporting Person's deferral election"
vests in full financial
"generally vests in full on the one-year anniversary of the grant date"
one-for-one basis financial
"Restricted stock units convert into Common Stock on a one-for-one basis."
FAQ
What did Cable One (CABO) disclose about Wallace R. Weitz in this Form 4?
Cable One reported that director Wallace R. Weitz received 4,986 restricted stock units of Common Stock. The award was valued at $51.13 per share and increased his direct holdings to 22,126 shares following the transaction.
When do Wallace R. Weitz’s Cable One (CABO) restricted stock units vest?
The restricted stock units generally vest in full after one year from the grant date. They may also vest earlier on the date of Cable One’s 2027 annual shareholders' meeting, if he continues serving on the Board through that date.
What type of transaction was reported for Cable One (CABO) director Wallace R. Weitz?
The Form 4 reports an acquisition through a grant or award of restricted stock units. It is coded as a grant, award, or other acquisition, not as an open-market purchase or sale of Cable One Common Stock.