Gray Media (NYSE: GTN) CEO granted shares, withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
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
9 transactions reported
Mixed
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 | -- |
| Tax Withholding | 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 — 4,476,979 shares (Direct);
Class A Common Stock — 81,635 shares (Indirect, Spouse);
Common Stock — 832,500 shares (Indirect, Trust F/B/O Children);
Common Stock — 617,609 shares (Direct)
Footnotes (1)
- 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. Represents forfeiture of restricted stock for the purpose of net settlement. 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.