Gray Media (GTN) director Paul McTear receives 30,741-share restricted stock grant

Rhea-AI Filing Summary

GRAY MEDIA, INC director Paul McTear received a grant of restricted common stock as part of his equity compensation. He acquired 30,741 shares at no cash cost, increasing his directly held position to 161,990 shares. The restricted stock vests in full on April 30, 2027, meaning he must remain eligible through that date to receive the shares outright.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McTear Paul

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	30,741	$0.00	--

Holdings After Transaction: Common Stock — 161,990 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock granted: 30,741 shares Grant price per share: $0.00 per share Shares held after grant: 161,990 shares +2 more

5 metrics

Restricted stock granted 30,741 shares Grant of common stock as compensation on May 6, 2026

Grant price per share $0.00 per share Reported acquisition price for restricted stock award

Shares held after grant 161,990 shares Total direct common stock holdings following the transaction

Vesting date April 30, 2027 Restricted stock vests in full on this date

Transaction code A Classified as grant, award, or other acquisition

Key Terms

restricted stock, vests in full, grant, award, or other acquisition, Common Stock

4 terms

restricted stock financial

"Represents grant of restricted stock, which vests in full on April 30, 2027."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vests in full financial

"Represents grant of restricted stock, which vests in full on April 30, 2027."

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McTear Paul

(Last) (First) (Middle)

4370 PEACHTREE ROAD NE

SUITE 400

(Street)

ATLANTA GEORGIA 30319

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GRAY MEDIA, INC [ GTN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/06/2026		A		30,741(1)	A	$0	161,990	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents grant of restricted stock, which vests in full on April 30, 2027.

	/s/ Ginger Davis by Power of Attorney	05/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did GRAY MEDIA, INC (GTN) report for Paul McTear?

GRAY MEDIA, INC reported that director Paul McTear received a grant of 30,741 shares of restricted common stock. This was a compensation-related award, not an open-market purchase, and increased his directly held position to 161,990 shares after the transaction.

Was the GTN insider transaction a purchase or a grant of shares?

The transaction was a grant of restricted stock, not a cash purchase. Paul McTear acquired 30,741 common shares at a reported price of $0.00 per share as a compensation award, classified as a grant, award, or other acquisition in the insider report.

When do Paul McTear’s newly granted GTN restricted shares vest?

The restricted stock granted to Paul McTear vests in full on April 30, 2027. Until that vesting date, the shares are subject to restrictions, typically requiring continued service or meeting other conditions before becoming fully owned and transferable.

How many GRAY MEDIA, INC (GTN) shares does Paul McTear hold after this grant?

Following the restricted stock grant, Paul McTear directly holds 161,990 shares of GRAY MEDIA, INC common stock. This total reflects his position after adding the 30,741 newly granted restricted shares reported in the most recent insider transaction.

What does the Form 4 code "A" mean for the GTN insider grant?

Code "A" on the insider report indicates a grant, award, or other acquisition of securities. For GTN, it shows that Paul McTear received 30,741 restricted common shares as a stock award, rather than buying or selling shares on the open market.