WideOpenWest Form 4/A: Teresa Elder Receives 47,385 Restricted Shares
Rhea-AI Filing Summary
Teresa L. Elder, Chief Executive Officer and Director of WideOpenWest, Inc. (WOW), received a grant of 47,385 restricted shares on 03/20/2025. The restricted stock was granted at no cash price and will vest in four equal annual installments beginning on the first anniversary of the grant date, subject to certain conditions. This Form 4/A amends the earlier filing solely to correct the post-transaction beneficial ownership figure, which is reported as 1,506,987 shares following the grant.
Positive
- 47,385 restricted shares granted to the CEO on 03/20/2025, promoting executive retention
- Vesting in four equal annual installments aligns long-term executive incentives with shareholder interests
- Amendment corrects beneficial ownership to 1,506,987 shares, improving disclosure accuracy
Negative
- None.
Insights
TL;DR: CEO received time-based restricted stock; amendment corrects ownership total.
The grant of 47,385 restricted shares to the CEO aligns executive compensation with shareholder outcomes through time-based vesting, which typically supports retention and alignment without an immediate cash outlay. The vesting schedule—four equal annual installments starting one year after grant—indicates multi-year retention expectations. The amendment corrects the beneficial ownership total to 1,506,987 shares, ensuring accurate public disclosure. This filing appears routine and procedural rather than signaling an operational change.
TL;DR: Disclosure updated; transaction was a zero-price restricted stock grant reported per Section 16 rules.
The Form 4/A documents a Section 16 reportable grant dated 03/20/2025 and an amendment filed 03/26/2025 to correct the shares owned post-transaction. The transaction code is A(1) indicating an award or grant. The filing includes the signature and date, satisfying procedural requirements for insider reporting. There are no derivative instruments reported and no other disposals or purchases disclosed.
FAQ
What did Teresa L. Elder report on the Form 4/A for WOW?
What are the vesting terms of the restricted stock grant reported for WOW CEO?
Was there a cash purchase price for the shares granted to Teresa Elder?
Did the Form 4/A report any derivative securities or disposals for Teresa Elder?
When was the earliest transaction date and when was the amendment filed?