Gray Media (GTN) director logs stock award and tax-related share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gray Media director Robin Robinson Howell reported equity award activity in Gray Media, Inc. Class A Common Stock and Common Stock. An indirect holding for a spouse acquired 124,921 Class A shares at $0.00 per share as a grant or award, reflecting issuance and vesting above a previously reported target restricted stock award after a three-year performance period.
The filing also shows 468,050 indirectly held Class A shares attributed to the spouse disposed of at $10.73 per share to satisfy tax obligations through net settlement of restricted stock. Additional lines update direct and indirect holdings in various accounts, including children’s trusts and a 401(k) plan, without new buy or sell transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Howell Robin Robinson
Role
Director
| 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 (Indirect, Spouse);
Class A Common Stock — 81,635 shares (Direct);
Common Stock — 832,500 shares (Indirect, Trust F/B/O Children);
Common Stock — 140,854 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 or reporting person's spouses' current balance in the 401(k) Plan.
FAQ
What insider transactions did Gray Media (GTN) report for Robin Robinson Howell?
Gray Media director Robin Robinson Howell reported an indirect award of 124,921 Class A shares to a spouse and a tax-related disposition of 468,050 Class A shares at $10.73. The filing also updated various direct and indirect holdings, including children’s trusts and a 401(k) plan.
How did this Form 4 change Robin Robinson Howell’s indirect ownership in Gray Media (GTN)?
After the transactions, the spouse’s indirect Class A holdings were 4,008,929 shares. Other indirect positions include children’s trusts, a 401(k) plan, and additional Common Stock. These lines primarily update balances rather than report new market purchases or sales beyond the tax-withholding disposition.
What do the Gray Media (GTN) Form 4 footnotes reveal about the restricted stock?
Footnotes state the 124,921-share award represents issuance and vesting above a target restricted stock award after a three-year performance period, with performance certified. Another footnote clarifies the 468,050-share disposition is restricted stock forfeited for net settlement to satisfy tax obligations.
How are Gray Media (GTN) 401(k) plan holdings treated in this Form 4?
The Form 4 lists 18,264 shares of Common Stock held indirectly through a 401(k) plan. A footnote explains these amounts reflect the current balance in the plan for the reporting person or spouse, serving as an updated holding disclosure rather than a new transaction.