Gray Media (NYSE: GTN) CEO granted shares, withholds stock for taxes
Rhea-AI Filing Summary
Gray Media Chairman, President & CEO Hilton H. Howell Jr. reported performance-based equity activity in Class A Common Stock on February 28, 2026. He acquired 124,921 Class A shares at $0.00 as a grant/award when a three-year restricted stock performance period ended and results were certified. He then disposed of 468,050 Class A shares at $10.73 per share to cover tax and net-settlement obligations. After these transactions, he directly holds 4,008,929 Class A shares and 617,609 Common shares, along with additional indirect holdings through his spouse, children, related trusts, and a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 343,129 shares
Net Sell
9 txns
Insider
HOWELL HILTON H JR
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 124,921 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 468,050 | $10.73 | $5.02M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 4,008,929 shares (Direct);
Class A Common Stock — 81,635 shares (Indirect, Spouse);
Class A Common Stock — 500 shares (Indirect, Children);
Class A Common Stock — 999,000 shares (Indirect, Trust F/B/O Children);
Common Stock — 832,500 shares (Indirect, Trust F/B/O Children);
Common Stock — 617,609 shares (Direct);
Common Stock — 18,264 shares (Indirect, By 401(k) Plan);
Common Stock — 140,854 shares (Indirect, Spouse)
Footnotes (3)
- F1. Represents issuance and vesting of shares above target award related to restricted stock for which the three-year performance period has ended and performance has been certified. The Reporting Person previously reported shares that constitute a target award.
- F2. Represents forfeiture of restricted stock for the purpose of net settlement.
- F3. Amounts reflect the reporting person's balance in the 401(k) Plan.
FAQ
What insider transactions did GTN’s CEO report on February 28, 2026?
Hilton H. Howell Jr. reported a grant of 124,921 Class A shares at $0.00 and a disposition of 468,050 Class A shares at $10.73, primarily tied to performance-based restricted stock vesting and related tax and net-settlement obligations.
Does the Gray Media (GTN) CEO have indirect ownership interests in company stock?
Yes. In addition to his direct holdings, the Form 4 lists indirect ownership in both Class A Common Stock and Common Stock through his spouse, children, trusts for the benefit of his children, and a 401(k) plan balance invested in Gray Media shares.
What does the tax-withholding disposition code F mean in this GTN Form 4?
Transaction code F indicates shares were surrendered to pay an exercise price or tax liability. Here, it reflects the CEO’s disposition of 468,050 Class A shares at $10.73 per share to handle tax and net-settlement requirements on vested restricted stock awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
